Baidu completes dual-primary listing in Hong Kong
Baidu, Inc. (BIDU) has completed a voluntary conversion of its Hong Kong listing from a secondary listing to a dual-primary listing on the Main Board of The Stock Exchange of Hong Kong Limited.
Rhea-AI Filing Summary
Baidu, Inc. (BIDU) has completed a voluntary conversion of its Hong Kong listing from a secondary listing to a dual-primary listing on the Main Board of The Stock Exchange of Hong Kong Limited. Baidu is now primary listed both in Hong Kong and on the Nasdaq Global Select Market. The company states that its ordinary shares traded on the Hong Kong Stock Exchange and its American depositary shares traded on Nasdaq will continue to be fungible, and reiterates that one ADS represents eight Class A ordinary shares. Baidu also highlights its weighted voting rights structure, under which each Class A ordinary share carries one vote and each Class B ordinary share carries ten votes.
Positive
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Filing Explained
The completed dual-primary listing conversion is described as informational only and not an invitation or offer to acquire, purchase, or subscribe for securities; the filing therefore discloses a listing-status change, not a securities offering.
Key Figures
Key Terms
dual-primary listing market
secondary listing market
weighted voting rights structure regulatory
fungible market
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number: 000-51469
BAIDU, INC.
Baidu Campus
No. 10 Shangdi 10th Street
Haidian District, Beijing 100085
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | Press Release—Baidu Announces Dual-Primary Listing on the Main Board of The Stock Exchange of Hong Kong Limited | |
| 99.2 | Voluntary Announcement—Baidu Announces Dual Primary Listing on the Main Board of The Stock Exchange of Hong Kong Limited | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BAIDU, INC. | ||||
| By | : | /s/ Haijian He | ||
| Name | : | Haijian He | ||
| Title | : | Chief Financial Officer | ||
Date: September 1, 2026
Exhibit 99.1
Baidu Announces Dual-Primary Listing on the Main Board of The Stock Exchange of Hong Kong Limited
BEIJING, China, August 31, 2026 – 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 announced that the Company’s voluntary conversion of its secondary listing status to dual-primary listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) became effective today. Baidu is now a dual-primary listed company on the Hong Kong Stock Exchange in Hong Kong SAR and the Nasdaq Global Select Market in the United States.
The Company’s ordinary shares listed on the Hong Kong Stock Exchange and the Company’s American depositary shares listed on the Nasdaq Global Select Market will continue to be fungible.
About Baidu
Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, Baidu’s and other parties’ strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
SOURCE Baidu, Inc.
Investor Relations, Baidu, Inc., Tel: +86-10-5992-8888, Email: ir@baidu.com
2
Exhibit 99.2
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Under our weighted voting rights structure, our share capital comprises Class A ordinary shares and Class B ordinary shares. Each Class A ordinary share entitles the holder to exercise one vote, and each Class B ordinary share entitles the holder to exercise 10 votes, respectively, on all matters subject to the vote at general meetings of the Company. Shareholders and prospective investors should be aware of the potential risks of investing in a company with a weighted voting rights structure. Our American depositary shares, each representing eight of our Class A ordinary shares, are listed on Nasdaq in the United States under the symbol BIDU.
Baidu, Inc.
百度集團股份有限公司
(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)
(Stock Codes: 9888 (HKD counter) and 89888 (RMB counter))
VOLUNTARY ANNOUNCEMENT
BAIDU ANNOUNCES DUAL PRIMARY LISTING ON
THE MAIN BOARD OF THE STOCK EXCHANGE OF
HONG KONG LIMITED
Reference is made to the announcement of Baidu, Inc. (the “Company”) dated August 27, 2026. Our previously announced voluntary conversion of our secondary listing status to a dual primary listing status on The Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange”) became effective today. The Company is now a dual primary listed company on the Hong Kong Stock Exchange and the Nasdaq Global Select Market.
The Company’s ordinary shares listed on the Hong Kong Stock Exchange and the Company’s American depositary shares listed on the Nasdaq Global Select Market will continue to be fungible.
This announcement is for information purposes only and does not constitute, or form part of, any invitation or offer to acquire, purchase or subscribe for any of the Company’s securities. Shareholders and potential investors should exercise caution when dealing in the Company’s securities.
| By order of the Board Baidu, Inc. Mr. Robin Yanhong Li Chairman of the Board and Chief Executive Officer |
Hong Kong, September 1, 2026
As at the date of this announcement, the board of directors of the Company comprises Mr. Robin Yanhong Li as director, and Mr. Yuanqing Yang, Mr. Jixun Foo, Ms. Sandy Ran Xu and Ms. Xiaodan Liu as independent directors.