NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Baidu and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On November 26, 2025, Reuters reported that an October 7th letter from Deputy Defense Secretary Stephen Feinberg informed lawmakers that the Pentagon had determined Baidu to be one of three companies to be newly added to a list of companies that aid the Chinese military.
On this news, Baidu’s American Depositary Share (“ADS”) price fell $1.54, or 1.3%, to close at $116.34 on November 26, 2025.
Then, on February 26, 2026, the Company reported fourth quarter and full year 2025 financial results, including total revenues of RMB129.1 billion ($18.46 billion), representing a 3% year-over-year decline, which the Company attributed primarily “to a decrease in Legacy Business, partially offset by an increase in Baidu Core AI-powered Business.”
On this news, Baidu’s ADS price fell $7.50, or 5.65%, to close at $125.15 on February 26, 2026.
Then, on August 18, 2026, the Company reported second quarter 2026 financial results, including revenue RMB 31.3B ($4.62 billion), representing a 4% year-over-year. Baidu’s management advised that the Company was “deliberately holding back on monetizing the AI search” which has “weighed on our advertising businesses in the near term.” The Company further stated that “[t]he competition in this industry remains very intense” and that “competition for users’ time and attention has intensified further.”
On this news, Baidu’s ADS price fell $13.25, or 12.73%, to close at $90.87 on August 18, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
