Equities

Reuters first to report Baidu considering leaving the Nasdaq to boost its valuation; market reacts

Reuters first to report Baidu considering leaving the Nasdaq to boost its valuation; market reacts

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.