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Baidu Converts Hong Kong Listing to Dual-Primary With Nasdaq

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Sig2.65Sen+1.78Env0.00Soc0.00Gov+0.28

Baidu converted its Hong Kong secondary listing into a dual-primary listing alongside Nasdaq, making its shares fungible to boost liquidity and investor access. The company also faces a securities fraud investigation by Pomerantz after its stock fell on concerns tied to Pentagon naming and earnings. Amid broader Chinese internet share weakness, Baidu rose on AI and cloud focus.

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