China Google, already listed on the Nasdaq Stock Exchange, on its second listing in the Asian Financial Center has offered 95 million shares at 252 Hong Kong dollars (27.17 euros, 32 dollars) a share.
In addition to the Internet and search engine ubiquitous in China, Baidu is active in autonomous vehicle technologies.
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The operation comes at a time when Beijing is encouraging its companies to list on national stock exchanges, such as Shanghai and Shenzhen, rather than being listed in the United States, in the context of the economic and political rivalry between the two powers.
Several Chinese companies have done this in recent months.
In June 2020, online sales group JD.com, another US-listed tech giant, raised nearly 3.5 billion euros ($ 4.1 billion) on the Hong Kong Stock Exchange. In December, its healthcare subsidiary, JD Health, raised 2.9 billion euros ($ 3.4 billion).
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Chinese video site Bilibili will also soon be listed on the Hong Kong Stock Exchange, where it hopes to raise up to 2.6 billion euros ($ 3.1 billion).
Listed on Nasdaq Stock Exchange since 2018, Bilibili is aimed at fans of animation, manga, and video games, With a show that combines movies and tutorials for online games or even streamed videos of Internet users disguised as heroes.
Loyal audience thanks to the interaction tools perfected by Bilibili, which claims to have nearly 200 million monthly users.