Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Company

Baidu kicks off 3.6-bln-USD Hong Kong listing

March 15, 2021


Abstract : Baidu Inc. started on Friday the retail tranche of its Hong Kong public offering, as the latest U.S.-traded mainland company seeking a secondary listing here.

HONG KONG, March 12 (Xinhua) -- Baidu Inc. started on Friday the retail tranche of its Hong Kong public offering, as the latest U.S.-traded mainland company seeking a secondary listing here.

The search engine giant will raise up to about 28 billion Hong Kong dollars (3.6 billion U.S. dollars) through an issuance of 95 million shares. The proceeds will be used for investment in technology and its mobile ecosystem, among others.

Its shares will begin trading on the main board of Hong Kong Exchanges and Clearing Limited (HKEX) on March 23.

Altogether 10 U.S.-traded mainland companies have finished secondary listings in Hong Kong since the HKEX reformed its listing system in 2018. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Baidu

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial