China’s Baidu picks CLSA, Goldman for Hong Kong listing
Baidu has been seeking to catch up in the heated area of online entertainment
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. Updated: 07 Jan 2021, 03:31 PM IST Bloomberg
More banks could be added and details of the offering including timing and size are subject to change, sources said
Baidu joins a wave of US-listed Chinese firms in seeking a trading foothold in Hong Kong amid simmering tensions between the world’s two biggest economies
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Chinese search engine giant Baidu Inc. has selected CLSA Ltd. and Goldman Sachs Group Inc. for its planned second listing in Hong Kong, which could raise at least $3.5 billion, according to people familiar with the matter.
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