Baidu Responds to U.S. Defense Department Inclusion on Chinese Military Companies List

Bulletin Express06-09 12:23

Baidu, Inc. issued a voluntary announcement on 9 June 2026 confirming that the U.S. Department of Defense has added the company to its “Chinese Military Companies” (CMC) list.

The company stated that it is neither a Chinese military entity nor a military-civil fusion contributor to China’s defense industrial base, and therefore “there is no justification” for the designation.

Management emphasized that the CMC list is not a sanctions list. According to Baidu, related U.S. government procurement limitations have no impact on its operations, and the designation does not restrict trading in the company’s securities—including its Nasdaq-listed American depositary shares (symbol: BIDU) or its Hong Kong-listed Class A ordinary shares.

Baidu operates under a weighted voting rights structure, with each Class A ordinary share carrying one vote and each Class B ordinary share carrying 10 votes.

The board, led by Chairman and CEO Robin Yanhong Li, will issue further updates “as and when appropriate.”

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