Baidu Hong Kong shares hit one-year low after downbeat Q2 revenue

Baidu

19/08/2026 02:58

** Hong Kong shares of China's Baidu Inc 9888.HK drop 14.4% to HK$86.5, their lowest level since August 28, 2025 
** Stock on course for the biggest one-day pct decline since March 2022, if losses hold
** Top pct loser in both the benchmark Hang Seng Index .HSI and Hang Seng TECH Index .HSTECH, which are down 0.5% and 1.3%, respectively
** U.S.-listed shares BIDU.O fell 12.7% on Tuesday
** Chinese search-engine provider reports a 4% decline in Q2 revenue to 31.33 billion yuan ($4.65 billion), versus analysts' average estimate of 31.96 billion yuan, according to data compiled by LSEG
** YTD, Hong Kong stock down 33.2%, U.S.-listed shares down 30.5%
     
     
($1 = 6.7429 Chinese yuan renminbi)

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))