On January 14, 2026, individuals with inside knowledge of the situation revealed that Baidu is contemplating upgrading its Hong Kong listing status from a secondary to a primary listing. This strategic move aims to enhance its visibility among mainland investors and proactively hedge against potentially unfavorable U.S. policies. At present, Baidu is listed on Nasdaq and has a secondary listing in Hong Kong. However, it hasn't yet met the eligibility requirements for the 'Stock Connect' program, which restricts mainland investors from directly trading its shares. Should Baidu upgrade to a primary listing, it is anticipated to fulfill the criteria for cross - border trading, thereby paving the way for mainland capital to invest. In the meantime, as Baidu moves forward with the listing of its subsidiary Kunlunxin, which is involved in the data center and AI chip sectors, relevant discussions have notably intensified.