Baidu is set to convene an extraordinary general meeting of shareholders on August 26 to discuss and approve the necessary authorizations and resolutions for its voluntary switch to a primary listing on the Hong Kong Stock Exchange. Earlier, on July 16, Baidu announced its intention to pursue this conversion, and on the 22nd, the Hong Kong Stock Exchange acknowledged the receipt of its application. In just two weeks, Baidu has made three significant strides, substantially expediting the process. Some institutions forecast that Baidu could be included in the Southbound Trading Link as early as September this year. Should this occur, southbound capital would provide additional funding for its Hong Kong-listed shares, boosting trading activity and prompting the market to reassess the value of its AI business. Notably, Baidu’s AI sector has also witnessed recent advancements. On July 27, its subsidiary, Luobo Kuaipao, commenced autonomous driving tests in Hong Kong, marking the inaugural trial of fully autonomous vehicles in a global right-hand-drive market.
