Baidu sets July 17 record date for extraordinary general meeting

1 min read     Updated on 02 Jul 2026, 05:04 PM
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AI Summary

Baidu, Inc. has fixed Friday, July 17, 2026, as the record date for its extraordinary general meeting. Ordinary shareholders registered by this date may vote and attend, while ADS holders must instruct The Bank of New York Mellon. The company will issue the meeting notice and proxy materials to eligible holders subsequently.

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Baidu, Inc. announced that the record date to determine eligibility for voting and attending its forthcoming extraordinary general meeting is the close of business on Friday, July 17, 2026. Shareholders holding ordinary shares registered by this date will be entitled to participate in the proceedings. The announcement establishes the timeline for shareholder participation ahead of the meeting's formal notice.

To qualify for voting and attendance, valid transfer documents and share certificates must be lodged with the company's Hong Kong branch share registrar and transfer office, Computershare Hong Kong Investor Services Limited. The deadline for submission is 4:30 p.m. on Friday, July 17, 2026, Beijing/Hong Kong time. Only registered holders of ordinary shares on the record date will have voting rights.

Holders of American depositary shares (ADSs) are not permitted to attend or vote directly at the meeting. Instead, ADS holders as of the close of business on Friday, July 17, 2026, New York time, may instruct The Bank of New York Mellon, the depositary, on how to vote the underlying ordinary shares. The Bank of New York Mellon will vote these shares in accordance with valid instructions received, subject to legal and practical limitations.

Due to time zone differences between Hong Kong and New York, ADS holders who cancel their ADSs in exchange for ordinary shares on Friday, July 17, 2026, New York time, will lose the ability to instruct the depositary. Furthermore, such holders will not be registered as ordinary shareholders on the record date and will be ineligible to vote or attend the meeting.

Specific details regarding the date and location of the extraordinary general meeting will be outlined in the notice of the meeting. This notice, along with proxy materials, will be issued to ordinary shareholders and ADS holders in due course.

Key Dates and Requirements

Event Date Time Details
Ordinary Shares Record Date July 17, 2026 Close of business Determines eligibility for ordinary shareholders
ADSs Record Date July 17, 2026 Close of business Determines eligibility for ADS holders
Document Lodging Deadline July 17, 2026 4:30 p.m. Beijing/Hong Kong time for share transfers

What specific agenda items or resolutions are expected to be proposed at the extraordinary general meeting?

How might the outcomes of the meeting influence Baidu's strategic direction or capital allocation in the coming years?

What are the anticipated voting behaviors of major institutional shareholders regarding the upcoming proposals?

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Baidu's AmiGo secures Level 4 permit for Swiss operations

2 min read     Updated on 12 Jun 2026, 05:33 PM
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AmiGo, a joint venture between Baidu's Apollo Go and PostBus, received a Level 4 autonomous operating permit from Switzerland's Federal Roads Office (FEDRO). Open-road trials commenced on June 1, 2026, in Eastern Switzerland, utilizing Apollo Go's RT6 electric vehicles. Apollo Go reported 3.2 million fully driverless rides in Q1 2026, with cumulative rides exceeding 22 million as of April 2026.

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AmiGo, an on-demand autonomous mobility service developed through a partnership between Baidu's Apollo Go and Swiss Post's PostBus, has received a special operating permit from Switzerland's Federal Roads Office (FEDRO) for Level 4 autonomous operations in Eastern Switzerland. The permit confirms that AmiGo's vehicles and autonomous driving system meet Switzerland's safety and quality requirements, marking a significant step in Apollo Go's European expansion. Open-road autonomous driving trials began on June 1, 2026, across an approximately 80 km² service area in the cantons of St. Gallen, Appenzell Ausserrhoden, and Appenzell Innerrhoden.

Regulatory Approval and Operational Milestones

The FEDRO special permit provides the regulatory framework for the trial, with clear requirements and defined responsibilities. Jürg Röthlisberger, Director of FEDRO, stated that the trial represents a new dimension in automated driving, featuring multiple vehicles, a real service area, and a concrete public transport offering. The current trials involve a safety operator on board. Provided all safety and regulatory requirements are met, regular fully driverless operations are expected to launch in early 2027.

Technology and Service Integration

AmiGo combines Apollo Go's RT6 vehicles and autonomous driving expertise with PostBus's knowledge of Swiss public transport operations. The service complements the existing public transport network, particularly in areas where conventional services reach their limits. The RT6 vehicles are fully electric, carry up to three passengers, and are equipped with over 30 sensors for environmental perception and real-time data processing. The steering wheel is designed to be removed once the service transitions to fully autonomous operations.

Apollo Go's Global Performance

Apollo Go reported significant operational metrics in the first quarter of 2026, delivering 3.2 million fully driverless rides with weekly rides peaking at over 350,000 in March, representing 120% year-over-year growth. As of April 2026, cumulative rides provided to the public exceeded 22 million. Apollo Go's global footprint spans 27 cities, with fleets accumulating over 330 million autonomous kilometers as of May, including over 220 million fully driverless kilometers.

Metric Value
Q1 2026 Fully Driverless Rides 3.2 million
March 2026 Peak Weekly Rides Over 350,000
YoY Growth (March Rides) 120%
Cumulative Rides (as of April 2026) Over 22 million
Total Autonomous Kilometers (as of May 2026) Over 330 million
Fully Driverless Kilometers (as of May 2026) Over 220 million

Strategic Outlook

Nan Yang, Vice President of Baidu and General Manager of Overseas Business Unit, Intelligent Driving Group, highlighted the permit as a validation of the company's technology under Switzerland's rigorous safety framework. Stefan Regli, CEO of PostBus, emphasized that the special permit demonstrates the ability to implement operations step by step under defined safety requirements. The next phase involves a closed-group user trial, followed by initial rides without safety operators once safety evidence is fully provided.

What are the key performance indicators that must be met during the current trials to secure approval for the transition to fully driverless operations in early 2027?

How will the operational data and safety evidence gathered in Switzerland influence Apollo Go's expansion strategy into other European markets with similar regulatory frameworks?

What is the projected pricing model for the AmiGo service, and how will it compete with traditional public transport and ride-hailing options in the region?

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