A Chinese technology company that runs the country's most-used internet search engine, along with maps, cloud services, and artificial-intelligence products like the Apollo self-driving platform. It was founded in 2000 by Robin Li and Eric Xu, and its name comes from a line in a Song dynasty poem by Xin Qiji that reads "searching for her among the crowd a hundred and thousand times" — a fitting origin for a search company. Baidu also operates the Ernie AI chatbot and a popular online encyclopedia called Baike.
Baidu's voluntary conversion to dual-primary listing on HKEX becomes effective September 1, 2026
Upon effectiveness, Baidu will be dual-primary listed on the Hong Kong Stock Exchange and the Nasdaq Global Select Market.
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Baidu, Inc. announced its voluntary conversion from secondary to primary listing on the Hong Kong Stock Exchange, effective September 1, 2026.
The conversion involves no issuance of new shares or fundraising activities.
The stock marker 'S' will be removed from Baidu's HKD and RMB counter short names on the Hong Kong Stock Exchange from September 1, 2026.
Baidu has taken measures to comply with Hong Kong Listing Rules, including changing Audit Committee and Nominating and Corporate Governance Committee compositions and obtaining shareholder approval at an EGM on August 26, 2026.
Baidu reports Q2 2026 revenue of RMB31.3 billion, down 4% year over year
Net income attributable to Baidu was RMB2.3 billion ($342 million), with diluted EPS of RMB5.74 ($0.85).
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Baidu Core AI-powered Business revenue reached RMB12.5 billion in Q2 2026, up 25% year over year, accounting for 50% of Baidu General Business revenue.
AI Cloud Infra revenue grew 50% year over year to RMB7.3 billion, with GPU Cloud revenue up 283% year over year.
Baidu submitted an application for voluntary conversion to dual-primary listing in Hong Kong, with an EGM scheduled for August 26, 2026.
Apollo Go expanded globally, launching fully driverless operations in Dubai and receiving Hong Kong's first permits for fully driverless testing.
Baidu to hold extraordinary general meeting on August 26, 2026
Baidu, Inc. announced an extraordinary general meeting (EGM) to be held on August 26, 2026 at 9:00 a.m. Beijing/Hong Kong time at Baidu Campus, Beijing.
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The EGM will consider and vote on resolutions set forth in the EGM Notice, available on Baidu's IR website.
The record date for Class A and Class B ordinary shares is July 17, 2026, Hong Kong time; ADS holders must instruct The Bank of New York Mellon by that date (New York time).
Baidu filed its annual report on Form 20-F for the year ended December 31, 2025, and published a corresponding Hong Kong Annual Report.
One Baidu ADS represents eight Class A ordinary shares.
Baidu applies to convert HK secondary listing to dual-primary listing on HKEX and Nasdaq.
Baidu has applied to the Hong Kong Stock Exchange to convert its secondary listing to a dual-primary listing, with the effective date expected within 2026, subject to HKEX approval.
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Upon conversion, Baidu will be dual-primary listed on the HKEX and the Nasdaq Global Select Market.
Baidu will propose at an EGM an issuance mandate for up to 20% of issued shares and a share repurchase mandate for up to 10% of issued shares.
The board proposes adopting the 2026 Share Incentive Plan to comply with Chapter 17 of the Hong Kong Listing Rules.
Baidu plans to amend its articles of association to comply with Appendix A1 of the Hong Kong Listing Rules and make housekeeping changes.
Baidu board approves voluntary conversion to dual-primary listing on HKEX Main Board
The conversion is expected to become effective within 2026, subject to market conditions and regulatory approvals.
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Baidu, Inc. announced on July 16, 2026 that its board approved a motion to pursue voluntary conversion to dual-primary listing on the Main Board of the Hong Kong Stock Exchange.
After conversion, Baidu will be dual-primary listed on the HKEX Main Board and the Nasdaq Global Select Market, with Class A ordinary shares and ADSs remaining mutually fungible.
The company believes the dual-primary listing will enhance liquidity, broaden its investor base, and provide greater capital market flexibility.
The announcement was signed by CFO Haijian He and authorized by Chairman and CEO Robin Yanhong Li.