Baidu Shows Interest in Chinese Depositary Receipts
Chinese internet search engine Baidu Inc. said it is considering a mainland listing through the Chinese depositary receipt (CDR) pilot program, paving the way for the first such potential listing in the nation.
Baidu is “currently evaluating a potential offering and listing of Chinese depositary receipts in China,” it said in a filing to the U.S. Securities and Exchange Commission on Monday.
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