🟢 Baidu is trading 4.37% up in pre-market after confirming Hong Kong listing will become primary

Baidu is trading 4.37% up at $97.34 after confirming its Hong Kong secondary listing will convert to primary status on September 1, 2026.

• The conversion will create dual-primary listings with Nasdaq.
• It may improve access to mainland Chinese capital through Stock Connect; no new shares or fundraising are involved.
• Broader Chinese technology sentiment strengthened after Nvidia’s upbeat revenue outlook lifted enthusiasm for AI and hardware stocks.