Baidu completes dual-primary listing in Hong Kong and Nasdaq

Baidu has successfully completed its transition from a secondary listing to a dual-primary listing on the Hong Kong Stock Exchange and Nasdaq as of September 1. Its ordinary shares and ADSs remain convertible under Hong Kong listing rules. Meanwhile, Jollibee Foods Corp. is shifting its strategy for its international unit. The Philippine fast-food giant has decided to pursue a listing in Hong Kong, abandoning its previous intentions to sell shares within the United States market.