China’s largest online search engine Baidu Inc. is preparing for its Chinese Depository Receipts (CDR) issuance application, likely to become the first Chinese company that has listed overseas to return to the domestic A-share market, according to Chinese local media citing insiders. Following smartphone and electronics company Xiaomi Inc., which just disclosed its CDR application today, Baidu will be the second firm to list CDR, if all goes well with its application. Different from Baidu and other tech giants that …

Baidu Said To Prepare For CDR Listing As The First Chinese Tech Stock To Return Home appeared first on China Money Network.