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Baidu | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-BlackRock, Inc.(5.7%)

SEC announcement ·  Feb 2 02:07
Summary by Futu AI
BlackRock, Inc., a global investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on February 1, 2024, indicating a change in its holdings in Baidu, Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 128,640,168 shares of Baidu's Class A Common Stock, representing 5.7% of the class. The filing, which is an update to BlackRock's investment in Baidu, shows that the company has sole voting power over 116,610,874 shares and sole dispositive power over the entire 128,640,168 shares it owns. The filing indicates that BlackRock's investment is held in the ordinary course of business and not for the purpose of changing or influencing the control of Baidu. The address of Baidu's principal executive offices is listed as Baidu Campus, No. 10 Shangdi 10th Street, Haidian District, Beijing, China.
BlackRock, Inc., a global investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on February 1, 2024, indicating a change in its holdings in Baidu, Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 128,640,168 shares of Baidu's Class A Common Stock, representing 5.7% of the class. The filing, which is an update to BlackRock's investment in Baidu, shows that the company has sole voting power over 116,610,874 shares and sole dispositive power over the entire 128,640,168 shares it owns. The filing indicates that BlackRock's investment is held in the ordinary course of business and not for the purpose of changing or influencing the control of Baidu. The address of Baidu's principal executive offices is listed as Baidu Campus, No. 10 Shangdi 10th Street, Haidian District, Beijing, China.
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