Baidu Considers China Domestic Listing

Baidu, the number one search engine in China currently listed on NASDAQ as BIDU, is considering a possible domestic Chinese listing. According to Baidu’s Chief Financial Officer Shawn Wang,

“We have made some informal communications with officials at the China Securities Regulatory Commission for a possible domestic listing. However, we are still facing many legal obstacles if we want to list domestically as there hasn’t been any specific regulations which allow the likes of Baidu to list domestically.”

Once Baidu lists domestically in China, Baidu can increase China’s search market share by acquiring other Chinese search engines.

Search engine rival Google sold $63 million of Baidu stake on 25 May.