Baidu or one of the first batch of CDR pilot companies in June

Netease Technology News March 26 news, according to sources revealed to Netease Technology, Baidu will also become the first batch of CDR in June (DR, that is, Depository Receipts, Depository receipts, refers to the circulation of a representative of foreign companies in a country securities One of the pilot companies. For this news, Baidu revealed to Netease Technology that the relevant information was not disclosed.

Previously Caixin reported that the first list of CDRs is likely to be two or four. The current comparison is determined to be Alibaba (NYSE: BABA) and JD ((NASDAQ:JD)). The fastest will be in June. Subsequently, A source told Netease Technology that Baidu will also become one of the first CDR companies in June.

For CDR, Baidu chairman and CEO Li Yanhong had stated that 'Return to the market has always been Baidu's dream. Baidu is always ready.'