Chinese search engine Baidu Inc may delist from the US Nasdaq to boost its valuation and avoid ramifications caused by the increasing tension between the United and China on investments.
Baidu, one of China's earliest US listings, believed it was undervalued on the Nasdaq exchange in New York, with its shares having fallen over 60 percent since peaking in May 2018
Chief Executive Robin Li said that Baidu is wary of the intense scrutiny that US-listed Chinese companies are experiencing, noting that it had numerous listing options outside of the US.
The Beijing-based Baidu, along with Ctrip and NetEase Inc., is exploring a possible listing in Hong Kong Exchanges and Clearing to follow Alibaba in an investor base closer to home.
US-listed Chinese companies are facing increased pressure due to growing tensions between the US and China.
On Wednesday, the US Senate passed a bill that could prevent some Chinese companies from listing on US exchanges without following for US audit and regulation standards.
Baidu has also been facing growing competition from domestic players such as ByteDance, which owns the video-sharing app TikTok and has launched a search engine in China.


Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Instagram Outage Disrupts Thousands of U.S. Users
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 



