Baidu vs Huawei

Levi & Korsinsky Reminds Baidu Investors of Class Action Deadline

Levi & Korsinsky, LLP notifies investors in Baidu, Inc. (NASDAQ: BIDU) of an upcoming securities class action deadline. The lawsuit alleges that Baidu overstated the ability of its AI-powered business to offset a decline in its legacy search advertising revenue. The class period is from November 18, 2025 to August 17, 2026. The lead plaintiff deadline is November 13, 2026. The complaint claims that on August 18, 2026, Baidu disclosed that its AI-powered business fell 8% quarter-over-quarter to RMB 12.5 billion, while legacy business revenue fell 23% year-over-year, causing a single-day stock drop of 12.73%.

• Levi & Korsinsky, LLP has filed a securities class action against Baidu, Inc.
• The class period is from November 18, 2025 to August 17, 2026.
• Lead plaintiff applications must be submitted by November 13, 2026.

6-K Financial Filing Analysis for Baidu (2026-09-04)

Baidu, Inc. announced the upcoming inclusion of its Class A ordinary shares in the Shanghai-Hong Kong Stock Connect program. This regulatory and market development allows eligible mainland Chinese investors to directly trade Baidu's Hong Kong-listed shares via Southbound trading channels. The move is expected to significantly broaden Baidu's domestic investor base, improve secondary market liquidity, and strengthen capital access from mainland retail and institutional participants.

• Baidu announced the upcoming inclusion of its Class A ordinary shares into the Shanghai-Hong Kong Stock Connect program.
• The inclusion enables eligible mainland China-based investors to trade Baidu's Hong Kong-listed ordinary shares via Southbound trading.
• The filing was formally submitted and executed on September 4, 2026, by Chief Financial Officer Haijian He.

6-K Financial Filing Analysis for Baidu (2026-09-08)

Baidu, Inc. announced the inclusion of its Hong Kong-listed Class A ordinary shares into both the Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect programs, effective September 8, 2026. This Southbound trading access enables qualified mainland Chinese institutional and retail investors to directly trade Baidu's shares listed in Hong Kong. The move expands Baidu's investor base, enhances liquidity, and provides direct access to domestic mainland capital markets.

• Baidu's Class A ordinary shares have been officially added to both the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programs.
• The inclusion was formally disclosed via a Form 6-K furnished to the SEC on September 8, 2026, signed by CFO Haijian He.
• The filing included a press release, voluntary announcement, and a next-day disclosure return detailing the cross-border listing eligibility.

Huawei and Qualcomm Sign AI and 5G Patent Deal

Despite trade tensions, Huawei and Qualcomm have signed a cross-licensing agreement covering patents related to AI and 5G technology. The deal, announced in late September 2026, aims to reduce legal disputes and foster innovation. Financial terms were not disclosed. This collaboration is significant as it could stabilize supply chains and set a precedent for tech cooperation amid geopolitical friction, potentially benefiting the broader mobile and AI industries.

• Huawei and Qualcomm signed a cross-licensing agreement for AI and 5G patents.
• The deal was announced in late September 2026.
• Financial terms of the agreement were not disclosed.

Notice on Rotating Chairman Tenure

Huawei has published a press release titled 'Notice on Rotating Chairman Tenure' dated Sep 30, 2026, indicating a change in the rotating chairman position.

Alibaba's T-Head AI Chips: Cloud Customers or Qwen Training?

Alibaba announced at its Apsara conference that its new Zhenwu V900 AI chip will enter mass production and go on sale in Q1 2027, two quarters earlier than planned. This follows Huawei's announcement of its Ascend 960DT chip being ready in Q1 2027. Both companies face high demand and limited supply for their chips. IDC data shows Nvidia holds 55% of China's server AI accelerator shipments, Huawei 20%, and T-Head 7%. Alibaba plans to train Qwen models with 5-10 trillion parameters, but has not disclosed which chips will be used, raising concerns about competition between internal model training and paying cloud customers for scarce chip capacity.

• Alibaba announced its Zhenwu V900 chip will enter mass production and go on sale in Q1 2027.
• Huawei announced its Ascend 960DT chip will be ready in Q1 2027, three quarters earlier than planned.
• IDC reported Nvidia held 55% of China's server AI accelerator shipments in 2025, Huawei 20%, and T-Head 7%.