Summary by Futu AI
Melissa Dongmin Ma, an affiliate of Baidu, Inc., is set to sell 395,000 American Depositary Shares (ADS), each representing eight ordinary shares of the company, with an aggregate market value of $41,589,550. The planned sale date is on 10/01/2024. These shares were originally acquired by Ma in a private transaction with the issuer on 01/01/2005 as compensation for services rendered. There have been no sales of securities reported in the past three months by Ma.