Summary by Moomoo AI
Baidu Holdings Limited, a subsidiary of Baidu, Inc., has filed an amendment to its Schedule 13D, reporting a significant change in its holdings of Trip.com Group Limited. On September 25, 2024, Baidu Holdings Limited sold 10,525,696 American Depositary Shares (ADSs) of Trip.com on the U.S. market at a price of $50.16 per ADS. Additionally, from September 14, 2023, to February 5, 2024, Baidu, Inc. sold 4,303,219 ADSs representing an equal number of Ordinary Shares with prices ranging from $36.03 to $37.29 per ADS. Following these transactions, Baidu Holdings Limited beneficially owns 45,953,524 Ordinary Shares of Trip.com, which represents 7.11% of the issued and outstanding shares, as of September 27, 2024. The filing was certified by Robin Yanhong Li, Director of both Baidu Holdings Limited and Baidu, Inc. The Ordinary Shares and ADSs of Trip.com are listed on The Stock Exchange of Hong Kong Limited and the Nasdaq Global Select Market, respectively.