🇺🇸 SECBaidu, Inc.Codex · 实盘不做把握 8/10不做原因:无增量信息
北京时间·🕒 发布 18:03:42·⟳ 抓取 18:09:21 +5m39s·⚡ 决策 09-01 18:31:44 +22m23s·55.9 天前
百度港股自愿转换为港交所主板双重主要上市已生效
事件是一项已提前公告的上市身份转换生效,不涉及融资、股份供给、订单、财务指引或业务变化;当前新增事实不足以支持做多或做空。
📄 原文Baidu, Inc.↗ 原文
----- d417071d6k.htm ----- 6-K 1 d417071d6k.htm FORM 6-K Form 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASH…
不做 百度集团(BIDU.US)
不做:双重主要上市生效已在8月27日预告,且无融资、发行或经营增量,盘前追买缺少新增edge。
不做 百度集团-SW(09888.HK)
不做:港股已收盘且本次为程序性生效确认,未见可量化资金流或基本面增量。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
百度本次6-K确认港股双重主要上市已生效,但8月27日公告已明确生效日、无新股发行或融资,9月1日披露主要是程序完成确认。该变化改善合规和上市身份,但短线缺少可量化经营增量或强制资金流,且直接标的在美股盘前、港股收盘时没有可据此执行的明确边际优势,因此回避。
消息传播链
- 公司已公告转换将于2026年9月1日生效,且不涉及新股发行或融资。
- 公司提交6-K确认双重主要上市已于2026年9月1日生效。
关键理由
- 双重主要上市提升港交所规则适用和上市身份,但不直接增加收入、利润或现金流。
- 8月27日公告已披露9月1日生效且不涉及新股发行或融资,本次6-K新增信息有限。
主要风险
- 若后续触发港股通、指数或被动资金重新评估,需要以独立新事件重新判断。
- 百度自身AI与广告业务预期可能驱动股价,但不属于本次上市身份转换的新增事实。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-08-27 · 影响 weakens
公司此前公告明确无新股发行或融资,削弱将生效公告视为新增资金或基本面利好的逻辑。
检索:Baidu dual primary listing no issuance no fundraising August 27 2026 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例不足未改变结论;决定性因素是8月27日已预告且本次无新增基本面或证券供需变化。
方向:未采用先例定方向;本事件缺少经营、融资或明确被动资金流增量,程序性生效本身方向中性。
涨幅量级:没有足够高相似、同市场且锚点干净的先例可用于设置交易幅度。
形态:双重主要上市转换生效类事件常需要与港股通、指数纳入或实际资金流事件分开锚定,本次未出现这些新增条件。
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原文全文
展开原文 · 7,842 字
----- d417071d6k.htm -----
6-K
1
d417071d6k.htm
FORM 6-K
Form 6-K
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
----- d417071dex991.htm -----
EX-99.1
2
d417071dex991.htm
EX-99.1
EX-99.1
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
----- d417071dex992.htm -----
EX-99.2
3
d417071dex992.htm
EX-99.2
EX-99.2
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.
6-K
1
d417071d6k.htm
FORM 6-K
Form 6-K
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
----- d417071dex991.htm -----
EX-99.1
2
d417071dex991.htm
EX-99.1
EX-99.1
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
----- d417071dex992.htm -----
EX-99.2
3
d417071dex992.htm
EX-99.2
EX-99.2
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.
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