Reuters exclusively reported that Chinese search giant Baidu is actively reaching out to trusted advisors to discuss delisting the $30 billion market cap tech stalwart from Nasdaq and moving to a listing closer to home. Reuters sources said the discussions come as Baidu looks to boost its valuation amid rising tension between the United States and China.
Reuters first to report Baidu considering leaving the Nasdaq to boost its valuation; market reacts
21 May 2020, 12:00 am. 1 minute