Forum Moderators: open

Message Too Old, No Replies

Baidu.com considering a domestic listing

         

bill

1:56 am on Sep 4, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



article [news.yahoo.com]
China's Internet search leader Baidu.com Inc. is considering a domestic listing, a step toward advancing its long-term aim to acquire search engine-related companies, a senior executive said on Saturday.
...
"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," he said, adding that legally, Baidu is a wholly foreign capital-invested company.

Could this trigger an opening of China's stock markets for international companies if Baidu is successful?

redstorm

6:49 am on Sep 4, 2006 (gmt 0)

10+ Year Member



Today, The CFO of baidu said in Shanghai that the approach to a domestic listing for baidu has been a past tense as it''s hard to reach its goal. The senior executive said the above with the intention to respond to Ruter as a clearance. He added that baidu will try to list domestically in the long run.
Well, it's a good supplement to Bill's thread.

bill

7:47 am on Sep 4, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



Thanks for the follow-up and insight redstorm. I did get the sense that it would take a long time considering that China didn't allow those sorts of company listings.

bill

1:04 am on Sep 5, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



redstorm was right. ;)

article [iht.com]
Baidu.com, owner of China's most-used Internet search engine, is not seeking to sell shares publicly in China for now because of regulatory requirements for companies to list domestically.

"It is not such a viable plan for us right now," said Cynthia He, a Baidu spokeswoman in Beijing, where the company is based. "We would love in the future for our users to be able to also be our shareholders."