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BUSINESS & TECH

Baidu Shows Interest in Chinese Depositary Receipts

Baidu Inc.’s headquarters are seen in Beijing on June 2. Photo: VCG
Baidu Inc.’s headquarters are seen in Beijing on June 2. Photo: VCG

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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