On the evening of July 22, Baidu Group announced that the company had applied to the Hong Kong Stock Exchange for the major conversion and had received a confirmation letter from the Hong Kong Stock Exchange regarding the main conversion application. The effective date for the main conversion is expected to be within this year, subject to approval by the Hong Kong Stock Exchange. After the main conversion takes effect, the company will have dual major listings on the Hong Kong Stock Exchange and the NASDAQ Global Select Market.

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