NetEase Tech, 3/26/18
Chinese internet conglomerate Baidu (Nasdaq: BIDU) will reportedly be included in the pilot batch of China depository receipts (CDR) in June, according to an industry source. Baidu declined to comment on the rumor.
Caixin previously reported that the trial batch will include two or four companies. Currently, internet conglomerate Alibaba Group (NYSE: BABA) and B2C e-commerce platform JD.com (Nasdaq: JD) are relatively certain candidates. The CDR system will be set up in June at the earliest.
Editor's Note: For more information on this topic, please see China to Launch CDR Soon to Enable Overseas-listed Chinese Firms to Return to A-Shares, MD 3/16/18 issue.