variety.com
08.01.2021 / 15:49
China’s Baidu Looks for Secondary Share Listing
Patrick Frater Asia Bureau ChiefBaidu, the tech giant that operates China’s leading web search engine and is majority owner of the iQIYI streaming platform, is reported to be seeking $3.5 billion through a secondary share listing in Hong Kong.The move has not been confirmed by the company itself, though Bloomberg identified CLSA and Goldman Sachs as the investment banks it had selected to manage the new listing and share sale.The possible development coincided with news that the New York Stock