Stocks

In the past two months, Baidu's stock price has risen nearly 90 percent. As of the close of trading on January 22, Baidu's market capitalization exceeded $86 billion, returning to its peak of three years ago.

At press time, Tencent rose 8.83 percent to HK$752 in Hong Kong, hitting another record high. Its total market capitalization is HK$7.22 trillion, which translates to about 6 trillion yuan.

NetEase today announced its entry into the video space and will invest RMB 1 billion ($155 million) to support creators, becoming the latest Internet giant to aim to capture users' video viewing time.

Baidu started the process of secondary listing in Hong Kong on January 20 and plans to formally submit its listing application in Hong Kong after the Chinese New Year, according to Tencent News.

Xiaomi has a number of stakeholders in the US. It is a large customer of Qualcomm, accounting for 66% of the chipmaker's shipments in China.

Although Bilibili's listing team hopes to officially ring the bell in Hong Kong in March, its specific timeline will still need to be arranged according to the HKSE's timing for passing the hearing.

SMIC has been notified by OTC Markets Group, the operator of the OTCQX marketplace, that trading in SMIC's securities will be permitted until February 1, 2021, in accordance with regulatory guidance.

Baidu plans to list in Hong Kong as soon as the first half of 2021, possibly selling about 5 percent to 9 percent of its share capital, Bloomberg said, citing people familiar with the matter.

The OTCQX is a financial marketplace for US over-the-counter securities, and SMIC's ADRs were traded on the OTCQX after its delisting from the NYSE in 2019.

Chinese video platform Bilibili is preparing for a secondary listing in Hong Kong with a possible capital raising of more than $2 billion, CNBC said, citing a person familiar with the matter.