Summary by Moomoo AI
Baidu, Inc., along with its wholly-owned subsidiaries Baidu Online Network Technology (Beijing) Co., Ltd. and Baidu Holdings Limited, has filed a Schedule 13G with the U.S. Securities and Exchange Commission on February 1, 2024, indicating a 9.6% ownership in Quhuo Limited. The filing, which is based on the ownership of 5,950,290 Class A ordinary shares, represents approximately 4.0% of the aggregate voting power of Quhuo Limited's total issued and outstanding ordinary shares. This ownership stake is calculated on the conversion of all outstanding Class B ordinary shares into Class A ordinary shares. The filing was made following the event date of December 31, 2023, and is based on the total number of ordinary shares reported by Quhuo Limited as of April 10, 2023. Baidu, Inc. is listed on the Nasdaq Global Select Market and the Stock Exchange of Hong Kong Limited.
