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Baidu shares flat on its Hong Kong ‘homecoming’ – BBC News

Shares of China’s search engine giant opened slightly above their list price following their Asian launch.

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image captionBaidu logo
Shares of Chinese internet search giant Baidu saw modest gains following the companys secondary listing in Hong Kong.
Baidu shares edged up just 0.8% above their list price of HK$252 ($32, £23).
Its secondary listing is one of 15 so-called homecomings by Chinese firms who are also listed on US stock markets.
Chinese firms have come under increased scrutiny from US regulators’ after Donald Trump escalated tensions.
Baidu, which is already valued…

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