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.


OpenAI Urges US-Led Global Standards for Frontier AI
FAA Allows Boeing to Sell 35 More 777F Freighters Beyond 2028
fnny Beta Launches With a Simple Idea: Find an Event, Show Up, Get Rewarded
Westinghouse Targets $50 Billion Valuation in U.S. IPO
Paramount-Warner Bros $110 Billion Deal Draws Antitrust Backlash
Apple Pay Set for India Launch With Axis Bank
Volvo Cars Plans 13 New Models by 2030 to Boost Sales
White House Bars CNN, MS NOW and Politico Reporters
CNN, MS NOW and Politico Sue Trump Over White House Media Ban
SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment
US Northeast Airports Resume Operations After Telecom Outage Disrupts Thousands of Flights
Prysmian, Rio Tinto Supply Low-Carbon Cables for Amazon Ohio Data Center
LVMH-Hermès Dispute Deepens Over Secret 2002 Share Deal
Trump Bans CNN, MS NOW and Politico From White House
SpaceX Nasdaq 100 Weight to More Than Double in Rebalance
Japan, U.S. Discuss $19 Billion GlobalFoundries Chip Plant
NASA, Boeing Discuss Expanding Starliner Missions 



