Baidu, Inc. filings document foreign-issuer disclosures for an AI-focused internet company listed through Nasdaq ADSs and Hong Kong ordinary shares. Form 6-K reports include financial-results releases, board meeting announcements, annual general meeting materials, annual report notices and Hong Kong listing announcements, while Form 20-F reporting covers audited annual information for the company.
The filings also describe Baidu's ADS structure, in which each ADS represents eight Class A ordinary shares, and its weighted voting rights structure with Class A and Class B ordinary shares. Other disclosures address board and committee governance, share repurchase authorization, dividend policy, capital-return actions and current-report updates for Baidu's operating and corporate matters.
Baidu, Inc. (BIDU) reported that its Class A ordinary shares listed in Hong Kong have been included in both the Shenzhen-Hong Kong Stock Connect and the Shanghai-Hong Kong Stock Connect, effective September 7, 2026, giving eligible Chinese Mainland investors direct access to trade these shares through either program.
The company states that inclusion in the two Stock Connect programs is an important step toward expanding its reach among Chinese Mainland investors and is expected to diversify its investor base and enhance share liquidity. Baidu also disclosed a repurchase of 545,000 Class A shares on September 7, 2026 on the Hong Kong Stock Exchange at a volume-weighted average price of HKD 91.6772, for total consideration of HKD 49,964,074, representing 0.025% of its 2,209,541,178 issued Class A shares as of that date.
Baidu, Inc. (BIDU) reports that its Class A ordinary shares listed on the Hong Kong Stock Exchange will be included in the Shanghai-Hong Kong Stock Connect, effective September 7, 2026, pursuant to a notice issued by the Shanghai Stock Exchange on September 4, 2026.
After inclusion, eligible investors in the Chinese Mainland will be able to trade Baidu’s Hong Kong–listed Class A shares through the Southbound Stock Connect channel. Baidu states that this step is expected to diversify its investor base and enhance share liquidity, while it continues to focus on long‑term strategy and sustainable growth.
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.
Baidu, Inc. (BIDU) reports that its voluntary conversion of its Hong Kong listing from secondary to primary status will become effective on September 1, 2026. From that date Baidu will be dual-primary listed on the Main Board of the Hong Kong Stock Exchange and the Nasdaq Global Select Market.
The conversion involves no issuance of new shares or fundraising. The stock marker “S” will be removed from Baidu’s HKEX stock short names for both the HKD (9888) and RMB (89888) counters on the same date. One Baidu ADS will continue to represent eight Class A ordinary shares.
After the Effective Date, Baidu must comply with all Hong Kong Listing Rules applicable to dual-primary issuers, and a series of previous waivers will lapse. Baidu has obtained new targeted waivers, including for use of U.S. GAAP financial statements, joint company secretary qualifications, disclosure of a minor weighted voting rights beneficiary, treatment of VIE-related Contractual Arrangements as continuing connected transactions without annual caps, option pricing for ADS-settled awards, and certain Model Code requirements to accommodate a Rule 10b5‑1 trading plan of the CEO’s spouse.
Baidu, Inc. (BIDU) reports that an extraordinary general meeting of shareholders was held in Beijing on August 26, 2026, where all resolutions in the July 27, 2026 meeting notice were duly passed. These approvals include all shareholder consents required for Baidu’s voluntary conversion of its secondary listing status to a primary listing on the Main Board of the Hong Kong Stock Exchange.
Baidu states it will make necessary arrangements so that, upon the effectiveness of this “Primary Conversion,” it will be a dual-primary listed issuer on both the Hong Kong Stock Exchange and the Nasdaq Global Select Market. The company reiterates that one Baidu ADS represents eight Class A ordinary shares.
Baidu, Inc. (BIDU) reported unaudited results for the quarter ended June 30, 2026. Revenue was RMB31.3 billion, down 4% year over year and 2% sequentially, with Baidu General Business contributing RMB25.2 billion and iQIYI RMB6.3 billion.
Baidu Core AI-powered Business revenue reached RMB12.5 billion, up 25% year over year and representing 50% of Baidu General Business. Within this, AI Cloud Infra grew 50% year over year to RMB7.3 billion, while AI Applications remained at RMB2.5 billion and AI-native Marketing Services at RMB2.6 billion. Legacy Business revenue declined 23% to RMB10.4 billion.
Online marketing services revenue fell 19% year over year to RMB13.1 billion but increased 4% sequentially. Operating income was RMB3.0 billion with a 10% margin; non-GAAP operating income was RMB3.8 billion with a 12% margin. Net income attributable to Baidu was RMB2.3 billion (non-GAAP RMB2.6 billion). Adjusted EBITDA was RMB6.2 billion with a 20% margin. Baidu generated RMB3.4 billion in operating cash flow, and total cash and investments were RMB283.1 billion as of June 30, 2026. The company is progressing toward a dual-primary listing in Hong Kong and has approved related board committee changes.
Baidu, Inc. Chairman and CEO Li Yanhong Robin, through his wholly owned British Virgin Islands company Handsome Reward Limited, reported derivative transactions on restricted shares that correspond to 510,808 and 342,096 Class A ordinary shares on August 8 and 9, 2026. These restricted shares vest annually in equal installments over three years and two years, respectively, starting in 2026, and do not have expiration dates. Handsome Reward Limited holds 439,200,000 Class B ordinary shares, and certain Class A ordinary shares are held in the form of American depositary shares, each representing eight Class A ordinary shares. The reporting person’s spouse separately holds Class A and Class B shares in her personal capacity, which he disclaims beneficial ownership of.
Baidu, Inc. insider Robin Yanhong Li reported equity award activity and related share movements. On 6 August 2026, he received a grant of 1,966,824 restricted shares directly, each linked to one Class A ordinary share, vesting in four equal annual installments starting 6 August 2027, subject to continued service. On 7 August 2026, an existing award of restricted shares was exercised/converted for 527,200 Class A ordinary shares, now held indirectly through Handsome Reward Limited, a British Virgin Islands company wholly owned by Li. Following this exercise, 1,581,624 restricted shares from that award remain. Indirect holdings also include 9,141,616 Class A ordinary shares and 439,200,000 Class B ordinary shares through Handsome Reward Limited. Li’s spouse holds additional Class A and Class B shares personally, which he disclaims beneficial ownership of.
Baidu, Inc. Chief Financial Officer Haijian He reported equity compensation activity. On August 7, 2026 he exercised 151,536 restricted shares granted in 2025 into the same number of Class A ordinary shares at a conversion price of $0.00 per share, resulting in 151,536 Class A ordinary shares held directly. On August 6, 2026 he also received a new grant of 122,792 restricted shares, which are scheduled to vest 25% on August 6, 2027, 25% on August 6, 2028, and 50% on August 6, 2030, subject to continued service. The Class A ordinary shares are held in the form of American depositary shares, with each ADS representing eight Class A ordinary shares.
Baidu, Inc. announced it will report financial results for the Second Quarter 2026, for the period ended June 30, 2026, before the U.S. market opens on August 18, 2026. Management will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing Time) that day, with access details provided after online pre-registration. A live and archived webcast will be available via Baidu’s investor relations website, and a telephone replay will be accessible through August 25, 2026. The company notes that one Baidu American depositary share represents eight Class A ordinary shares.