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Baidu News Details
May. 23, 2020 01:04

Baidu Says Delisting from Nasdaq to Increase Valuation is a Rumor

Baidu responded that the relevant claims were rumors: Because of the growing tensions between China and the United States in terms of investment, Baidu considered delisting from the US Nasdaq. Baidu is contacting some reliable consultants to find the best way to deal with issues including funding and any regulatory response.
1) Baidu Chairman Li Yanhong responded to the recent US government tightening the supervision and review of Chinese listed companies in the United States: "We are indeed very concerned about the continued tightening of the US government's control of the Chinese stock company from the government level. We are constantly discussing internally what we can do, including secondary listings in Hong Kong and other places. "

Associated Companies: Bytedance

Source: 36kr