Nasdaq-listed Chinese Internet search engine Baidu.com Inc. may consider listing shares in Hong Kong, according to media reports Thursday. Chief Executive Robin Li was quoted in wire reports as saying a Hong Kong listing would raise the company’s profile and help fund expansion into new areas such as online auctions.
Li reportedly made the comments while addressing students at a Hong Kong university. Baidu, which ranks as China’s largest Internet search engine by revenue, is reportedly seeking out potential acquisition targets among Chinese Internet companies with stakes in the consumer-to-consumer market. [Full Text]
See also: Warning over Hong Kong stock market from key official from yahoo.com.