Baidu Approved for Dual-Primary Listing on Hong Kong and Nasdaq, Effective This Year

On July 16, Baidu announced that its board of directors authorized management to proceed with voluntary conversion to dual-primary listing on Hong Kong Stock Exchange and Nasdaq, expected to take effect this year.

Once converted, both Hong Kong and Nasdaq will serve as Baidu's primary listing venues. The company's Class A ordinary shares and American Depositary Shares will continue trading on both exchanges and remain convertible. Baidu said the move will enhance securities liquidity, expand investor base, and provide greater flexibility for accessing both capital markets.