Typically, you do not see China and Hong Kong mixing business together. But a Chinese artificial intelligence and search engine giant is listing itself in the Hong Kong market.
Baidu is the second US-listed Chinese tech firm to list in Hong Kong.
Listing at $252 HK per share, Baidu is set to raise $3.08 billion USD.
Baidu, founded in 2000, is one of the largest AI and Internet companies in the world.
Baidu is also listed in the US Stock Market under NYSE.