Connect with us

Technology

Baidu to Pursue Voluntary Conversion to Dual-Primary Listing on The Main Board of The Stock Exchange of Hong Kong Limited

Published

on

BEIJING, July 16, 2026 /PRNewswire/ — Baidu, Inc. (“Baidu” or the “Company”) (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the board of directors of the Company (the “Board”) approved a motion to pursue the voluntary conversion to dual-primary listing (the “Primary Conversion”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”). The Primary Conversion is expected to become effective within this year. The Board also authorized the Company’s management to proceed with the relevant preparatory work and undertake the necessary procedures to complete the Primary Conversion.

After the Primary Conversion, the Company will become a dual-primary listed company on the Main Board of the Hong Kong Stock Exchange and the Nasdaq Global Select Market, and its Class A ordinary shares and American depositary shares will continue to be traded on both stock exchanges (as the case may be) and remain mutually fungible. The Company believes that the dual-primary listing, once effective, will enhance the liquidity of its securities, broaden its investor base and provide greater flexibility in accessing both capital markets.

The Primary Conversion is conditional upon and subject to, among other things, market conditions and the obtaining of the necessary regulatory approvals. The Company will make further announcement(s) to disclose any material updates and progress with respect to the Primary Conversion in accordance with applicable laws and regulations as and when appropriate. This announcement is for information purposes only and does not constitute, or form part of, any invitation or offer to acquire, purchase or subscribe for any securities of the Company. Shareholders and potential investors should exercise caution when dealing in the securities of the Company.

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to” and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the SEC, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this announcement is as of the date of the announcement, and Baidu undertakes no duty to update such information, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/baidu-to-pursue-voluntary-conversion-to-dual-primary-listing-on-the-main-board-of-the-stock-exchange-of-hong-kong-limited-302827383.html

SOURCE Baidu, Inc.

Continue Reading

Technology

Samsung Semiconductor Highlights 400+ Layer V-NAND and zNAND-O at GMIF2026 as Foundation for Agentic AI

Published

on

By

SHENZHEN, China, Oct. 15, 2026 /PRNewswire/ — The 5th GMIF Innovation Summit (Global Memory Innovation Forum 2026, GMIF2026), co-hosted by the Shenzhen Memory Industry Association and the School of Integrated Circuits at Peking University, recently concluded in Shenzhen. Themed “The Future Built on AI Memory and Storage,” the summit drew more than 3,000 registered professional attendees for discussions on AI inference, enterprise storage, and cloud-edge-device coordination as AI infrastructure enters a new cycle.

Kevin Yoon, CVP & CTO of Samsung Memory China at Samsung Electronics, delivered a keynote titled “The Memory Revolution: Building the Foundation of Agentic AI,” presenting Samsung’s full-stack portfolio from server SSDs to on-device zNAND-O. As AI has moved from generative to agentic, multiple agents collaborate on complex tasks and massive numbers of tokens have been generated, driving up KV cache capacity and reuse needs. Once KV cache outgrows GPU memory, an independent shared storage tier becomes inevitable.

PM1763 and BM1773: A Two-Track Server SSD Lineup

Yoon introduced two server SSDs for KV cache shared storage. The performance flagship PCIe Gen6 SSD PM1763 combines V-NAND TLC with an enhanced cooling system and will sample in Q4 2026. The capacity flagship BM1773, built on V9 QLC, spans 16TB to 256TB and is billed as “the world’s smallest 256TB SSD.”

“With these two SSDs, we will drive both the performance and capacity markets,” Yoon said.

V10: The Industry’s First 400+ Layer V-NAND

At the NAND process level, Yoon introduced Samsung’s latest V10 BV-NAND, the industry’s first V-NAND with over 400 layers. Compared with V9, it delivers 58% higher bit density, 33% faster I/O, and 25% lower power consumption. The key, Yoon said, is advanced bonding technology: memory cells and peripheral circuits are manufactured separately and then bonded vertically, enabling high-density stacking.

zNAND-O: 10x the Bit Density of DRAM for On-Device AI

With AI models expected to exceed one trillion parameters by 2030, keeping all weights in DRAM under the traditional UMA would sharply raise on-device costs. Samsung’s answer is zNAND-O, a next-generation NAND architecture designed for on-device AI, now in development in 4-layer and 8-layer versions. It is co-packaged with the MPU and connected through the UCIe interface, delivering 10x the bit density of DRAM and 7x the read bandwidth and read energy efficiency of NAND flash.

In a simulation using Moonshot AI’s Kimi K2-1T model, an NPU-optimized architecture with zNAND-O cut memory cost to 1/4 at equal performance and fit a model nearly twice as large.

Outstanding AI Memory & Storage Industry Leadership Award

GMIF annually recognized companies driving core technology breakthroughs and compute ecosystem building across the industry chain. Samsung Semiconductor received the Outstanding AI Memory & Storage Industry Leadership Award for its sustained leadership in DRAM and NAND, including the zNAND-O 3D architecture, 400-plus layers V10 NAND, and CXL memory, setting a benchmark for the global memory industry and providing important support for the build-out of global AI infrastructure.

Closing

As an annual gathering for the memory industry, GMIF brought together leaders from across the value chain, and Kevin Yoon’s keynote gave the industry a clear view of where memory and storage are heading in the agentic AI era. As KV cache outgrows GPU memory, Samsung is answering at every layer, from PCIe Gen6 and high-capacity server SSDs for shared KV cache, to 400+ layer V10 NAND, to zNAND-O for on-device AI. With its second consecutive GMIF award, Samsung has shown that it is not only keeping pace with agentic AI’s demands on memory & storage, but helping define the path forward.

Carina Gu, wenjing.gu@gmif.com.cn 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/samsung-semiconductor-highlights-400-layer-v-nand-and-znand-o-at-gmif2026-as-foundation-for-agentic-ai-302909420.html

SOURCE Shenzhen Memory Industry Association (SMIA)

Continue Reading

Technology

How The Mobile Robot Company is Upending Logistics by Stopping at 80% Automation

Published

on

By

While the industry chases full autonomy, founders Emil Hauch Jensen and Odin Kudahl Skovsted built an award-winning firm by empowering warehouse workers rather than replacing them.

COPENHAGEN, Denmark, Oct. 15, 2026 /PRNewswire/ — When Emil Hauch Jensen visited an Amazon distribution center in 2023, he noticed a startling lack of mobile robots. The reason was flexibility: the facility faced up to ten process changes a week. That insight struck a chord. In November 2024, Jensen and co-founder Odin Kudahl Skovsted launched The Mobile Robot Company, aiming to build machines that adapt to human workers rather than replace them.

Their first product, the J1600 self-driving pallet jack, is a dual-mode vehicle that bridges the gap between manual labor and full automation. Instead of striving for 100% autonomy, which demands complex system integration and massive capital, the founders targeted the sweet spot of human-in-the-loop automation. The operator manually handles the judgment-heavy pallet pickup, and the robot takes over the long, repetitive transport. The J1600 offers an 80% reduction in manual transport work, allowing small and medium enterprises to reap automation’s benefits at a fraction of the usual cost.

The startup’s pragmatic design philosophy recently secured the prestigious IFOY Industrial Truck of the Year 2026 award, beating established industry giants just nineteen months after the company’s founding. Unlike competitors who hide costs behind lengthy sales negotiations, The Mobile Robot Company embraces transparency by publishing its €65,000 list price. The pricing and ROI model is openly accessible, drastically lowering the barrier to entry for facilities looking to modernize their material flows.

By stopping at partial autonomy, Jensen and Skovsted solved the rigidity that plagues modern warehouse robotics. The J1600 enables workers to intervene instantly with a familiar tiller, turning a potential breakdown into a brief manual override. “The operators are the first ones to buy into this product,” Jensen noted, emphasizing that workers feel empowered, not replaced. “When they have this feeling like, hey, this is not scary. This is not coming for my job. This is helping me. And I can do it myself,” the initial hesitation completely vanishes.

With distributors now active across eight countries and a rapidly expanding footprint, this Copenhagen-based hardware firm proves that sometimes, solving an industry’s biggest challenge requires putting humans back in the driver’s seat.

Related Links:

The Mobile Robot CompanyThe Mobile Robot Company Knowledge CenterThe Mobile Robot Company on LinkedIn

Emil Hauch Jensen
CEO
The Mobile Robot Company ApS
+45-88109012
emil@mobilerobot.com

This release was issued through WebWire®. For more information, visit http://www.webwire.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/how-the-mobile-robot-company-is-upending-logistics-by-stopping-at-80-automation-302902877.html

SOURCE The Mobile Robot Company ApS

Continue Reading

Technology

Xinhua Silk Road: Forum held in Jakarta to boost Belt and Road tax administration cooperation

Published

on

By

BEIJING, Oct. 15, 2026 /PRNewswire/ — The 7th Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) kicked off on Tuesday in Jakarta, Indonesia.

Themed “Smart Taxation, Shared Prosperity”, this forum brought together over 300 participants, including heads of tax administrations from nearly 40 countries and regions, representatives from eight international organizations, and delegates from Chinese and foreign multinational enterprises.

During the three-day event hosted by the Directorate General of Taxes of Indonesia, participants will discuss topics such as tax administration digitalization, taxpayer service facilitation, and coordinated capacity building. A tax dialogue among businesses will also be held to discuss taxpayer service improvements.

The event will witness the release of the Tax Administration Product Portfolio (TAPP) 2.0, the Taxpayer Service Product Portfolio (TSPP) 2.0, and the 2026 Compilation of the Belt and Road Initiative Tax Administration and Taxpayer Service Product Portfolio. It will also update the courses of the Belt and Road Initiative Tax Administration Capacity Enhancement Group and publish the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) Annual Report (2026).

These deliverables, by pooling advanced practices and typical cases, will promote alignment of tax administration rules and mutual recognition of standards of Belt and Road partner countries, thus providing comprehensive toolkits and practical models for the participants to enhance their tax governance capacity and optimize tax-related business environment.

The BRITACOM was initiated and established by China in April 2019. It currently has 38 members and 30 observers, making it a significant multilateral tax cooperation platform under the Belt and Road Initiative. 

Since the inception of the BRITACOM, a series of consensuses has been reached, and steady progress has been made in boosting tax certainty, advancing digital transformation of tax administration, improving tax-related business environment and strengthening tax administration capacity building.

The previous six editions of the BRITACOF were held in China, Kazakhstan (online), Algeria, Georgia, China’s Hong Kong Special Administrative Region, and Nepal, respectively. 

Original link: https://en.imsilkroad.com/p/352544.html

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/xinhua-silk-road-forum-held-in-jakarta-to-boost-belt-and-road-tax-administration-cooperation-302909326.html

SOURCE Xinhua Silk Road

Continue Reading

Trending