Baidu Class A common stocks became eligible for inclusion in the Hong Kong Stock Connect on September 7, 2026. Baidu went public again on the Hong Kong Stock Exchange in March 2021 and completed dual listing on the Hong Kong Stock Exchange and NASDAQ on September 1, 2026, meeting the criteria for inclusion in the Hong Kong Stock Connect. This inclusion will enhance the liquidity of Baidu’s shares and expand the base of mainland investors. It is expected that within the first 6 to 12 months after inclusion, the shareholding ratio of southern funds will reach 7% to 15%, and in the next 2 to 4 months, the net additional southern funds could reach $6 billion. Baidu’s total cash and investments exceed $40 billion, and it does not seek financing through additional share issuance. The company is one of the few enterprises to fully deploy resources in AI, with its AI business revenue accounting for over half of its total revenue for two consecutive quarters.
Baidu’s Class A common stock has been included in the Hong Kong Stock Connect targets, effective from September 7, 2026. Baidu went public on the Hong Kong Stock Exchange in March 2021 and completed dual listing on the Hong Kong Stock Exchange and NASDAQ on September 1, 2026, meeting the requirements for inclusion in the Hong Kong Stock Connect. This inclusion will enhance Baidu’s share liquidity and expand the base of mainland investors. It is expected that within the first 6 to 12 months after inclusion, the shareholding ratio of southbound funds will reach 7% to 15%, and in the next 2 to 4 months, the net increase in southbound funds could reach $6 billion. Baidu’s cash and total investment exceed $40 billion, without seeking additional financing through share issuance. The company is one of the few enterprises to undertake full-stack AI initiatives, with AI business revenue accounting for over half of its total revenue for two consecutive quarters.