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Baidu submitted Hong Kong listing document: revenue of 107.1 billion yuan last year, APP daily life of 202 million yuan

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March 9, 2021
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    Tencent technology news according to the Hong Kong stock exchange documents, baidu through the Hong Kong Stock Exchange listing hearing. Stimulated by the news, US stocks rose nearly 6% before trading on March 9.
    Previously, according to sources, baidu obtained the approval for the second listing of the Hong Kong Stock Exchange on March 4 and began to accept investors’ subscription next week. Earlier, it was reported that Baidu had passed the listing hearing and would formally complete its second listing on the Hong Kong Stock Exchange in March, with a fund-raising scale of up to US $5 billion (about HK $39 billion). Bank of America, CITIC CLSA and Goldman Sachs took the lead in this listing.
    On August 5, 2005, baidu was listed on the Nasdaq stock exchange with an opening price of US $66 per share. After several years of ups and downs, Baidu’s share price reached its intraday high of $354.82 on February 22 this year.
    The data disclosed by Baidu in the listing documents include:
    Revenue: 102.3 billion yuan in 2018, 107.4 billion yuan in 2019 and 107.1 billion yuan in 2020.
    Net profit: RMB 27.6 billion in 2018, RMB 2.1 billion in 2019 and RMB 22.5 billion in 2020.
    Iqiyi’s revenue: RMB 25 billion in 2018, RMB 29 billion in 2019 and RMB 29.7 billion in 2020.
    Iqiyi’s net profit: a loss of 9.1 billion yuan in 2018, 10.3 billion yuan in 2019 and 7 billion yuan in 2020.
    Baidu app monthly life: 544 million people in 2020.
    Baidu app daily life: 202 million people in 2020.
    Iqiyi members: 101.7 million in 2020.

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