On the evening of May 21, Reuters reported that Baidu is considering delisting from Nasdaq to increase valuation.
Baidu ’s response to reporters from Peng Mei News (www.thepaper.cn) was “no comment”.
According to China Daily, on the same day, Li Yanhong, member of the National Committee of the Chinese People ’s Political Consultative Conference and chairman of Baidu, said, “We are indeed very concerned about the continued tightening of the US company from the government. Control, we are constantly discussing what can be done internally, including the secondary listing in Hong Kong and other places. “
Li Yanhong said that as Nass in the United States For Chinese companies listed on Dak, Baidu is not currently worried about the suppression by the US government. “Our fundamental judgment is that if it is a good company, there are many options for listing, and it is not limited to the United States, so we do n’t have that. Worried that the suppression of the US government will have an irreversible impact on the company ’s business, ”
Baidu is the world ’s largest Chinese search engine and an artificial intelligence platform company. On January 1, 2000, Baidu was founded in Zhongguancun, Beijing, and was successfully listed on NASDAQ in 2005.
On May 19, Baidu released the unaudited financial report for the first quarter of 2020. The financial report shows that Baidu’s revenue in the first quarter was 22.5 billion yuan, a year-on-year decrease of 7%. Under US accounting standards, the net profit attributable to shareholders of listed companies was 41 million yuan, and the company suffered a loss of 327 million yuan in the same period last year; non-GAAP net profit was 3.1 billion yuan, an increase of 219% year-on-year.