China $32 Billion Internet & Cloud-Computing Giant Baidu Issues $2 Billion Zero-Coupon Convertible Bonds into Online Travel Platform Trip.com Shares at +43% Premium Over Share Price of HKD 491, Bonds to be Listed on Frankfurt Stock Exchange
9th March 2025 | Hong Kong
China internet & cloud-computing giant Baidu ($32 billion market value) has issued a $2 billion zero-coupon convertible bonds into online travel platform Trip.com shares at 43% premium over share price of HKD 491. The bonds will be listed on Frankfurt Stock Exchange. Earlier in 2025 March, Baidu was planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
“ China $32 Billion Internet & Cloud-Computing Giant Baidu Issues $2 Billion Zero-Coupon Convertible Bonds into Online Travel Platform Trip.com Shares at +43% Premium Over Share Price of HKD 491, Bonds to be Listed on Frankfurt Stock Exchange “
China $31 Billion Internet & Cloud-Computing Giant Baidu to Issue $1.3 Billion (CNY 10 Billion) CNY Offshore Bonds in 5-Year Note with 3% Coupon & 10-Year Note with 3.4% Coupon
5th March 2025 – China internet & cloud-computing giant Baidu ($31 billion market value) has been reported to be planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
China $31 Billion Internet & Cloud-Computing Giant Baidu Buys Social Media Platform JOYY Live Streaming Business YY Live for $2.1 Billion, Had Agreed to Buy YY Live for $3.6 Billion in 2020 But Did Not Receive China Government Approval
26th February 2025 – China internet & cloud-computing giant Baidu ($31 billion market value) has announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
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