Baidu.com considering being listed on domestic stock market

Baidu.com considering being listed on domestic stock market

Chinese internet company Baidu.com has said that they are considering being listed on the stock exchange in their domestic market. This would be a major step towards its long-term aim to acquire search engine-related companies.

The company is the market leader in the search engine segment in china and is often referred to as the Chinese Google.

Baidu.com Chief Financial Officer Shawn Wang said in a statement: “We have made some informal communications with officials at the China Securities Regulatory Commission for a possible domestic listing. However, we are still facing many legal obstacles if we want to list domestically as there hasn’t been any specific regulations which allow the likes of Baidu to list domestically.”

The company is already listed on NASDAQ.