Destinations

Destinations - After New York, Baidu enters Hon Kong

After New York, Baidu enters Hon Kong

The Chinese giant of the internet and internet search after its introduction to the New York bouse will be introduced today 23 March 2021 to the Hong Kong stock exchange. A not so good year Despite the difficulty this year due to the COVID-19 pandemic that hit the world especially China, the search giant hopes to sell 95 million shares in its IPO today. This figure is not random. Indeed, the company hopes to sell its shares for exactly 3.6 billion dollars. It intends to invest this amount in the development of artificial intelligence. Baidu is 20 years old and has become the main search engine in China. Its main activity is subject to increasing competition from Tencent and ByteDance. The firm has therefore adopted a policy of diversifying its revenues. With artificial intelligence being...