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The "Google of China" never quite fulfilled its promise to investors.
BEIJING, July 22, 2026 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today provides an update on the Company's proposed voluntary conversion of its secondary listing status on The Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") to dual-primary listing (the "Primary Conversion"). Application for Conversion to Dual-Primary Listing.
San Diego-based Axiom Biosciences plans to seek a primary listing in Hong Kong in 2027, followed by a secondary U.S. listing in 2029. Global biotech firms are increasingly eyeing Hong Kong for its growing investor base and its proximity to Chinese pharmaceutical partners, which could help speed up trials and lower costs.
Baidu Inc. (BIDU) concluded the recent trading session at $108.22, signifying a -1.45% move from its prior day's close.
For nearly two years, the knock on Apple (NASDAQ:AAPL | AAPL Price Prediction) was that it had fallen behind in artificial intelligence.
Amova Asset Management Americas Inc. reduced its holdings in Baidu, Inc. (NASDAQ: BIDU) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,778 shares of the information services provider's stock after selling 99,861 shares during the quarter. Amova Asset
Baidu is upgraded to HOLD as ad weakness is priced in and AI/cloud offers potential upside catalysts. BIDU trades at 12.3x forward earnings, near 5- and 10-year P/E lows, with fair value estimated at $107–$134 per share. AI-driven segments, especially GPU cloud and Kunlunxin chip spinoffs, are key focus areas for future monetization and valuation uplift.
Alibaba and Baidu are joining with Apple as it rolls out generative artificial-intelligence features across devices in China.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.