Baidu picks CLSA, Goldman for a Hong Kong secondary listing that may raise at least US$3.5 billion, sources say

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. Companies from JD.com to NetEase raised about US$17 billion through share sales in Hong Kong last year, according to Bloomberg’s data.


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