Report of Foreign Issuer (6-k)
April 30 2018 - 6:39AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2018
Commission File Number:
000-51469
BAIDU, INC.
Baidu Campus
No. 10 Shangdi 10th Street
Haidian District, Beijing 100085
The Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒
Form
40-F ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7): ☐
EXPLANATORY NOTE
Baidu, Inc. (NASDAQ: BIDU) (Baidu or the Company) is furnishing two press releases on this
Form 6-K:
(i) an updated earnings release to correct certain clerical errors in the previously announced unaudited financial results for the first quarter ended March 31, 2018 as Exhibit 99.1, and
(ii) a press release announcing its entry into definitive agreements relating to the divestiture of its financial services business as Exhibit 99.2.
On April 26, 2018, the Company announced its unaudited financial results for the first quarter ended March 31, 2018. In the original
announcement, a clerical error was made in calculating the newly added
non-GAAP
adjustment of the fair value change of long-term investments, net of taxes, due to the fact that the portion attributable to
noncontrolling interests were not properly adjusted. Exhibit 99.1 attached hereto corrects this clerical error. As a result,
non-GAAP
net income attributable to Baidu is changed to RMB4,585 million ($731
million) and
non-GAAP
diluted earnings per ADS is changed to RMB13.03 ($2.08). There are no changes to any GAAP information and other
non-GAAP
measures in the original
announcement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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BAIDU, INC.
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By:
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/s/ Herman Yu
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Name:
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Herman Yu
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Title:
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Chief Financial Officer
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Date: April 30, 2018
Exhibit Index
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Exhibit 99.1
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Press Release Baidu Announces First Quarter 2018 Results
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Exhibit 99.2
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Press Release Baidu Enters into Definitive Agreements to Divest its Financial Services Business
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