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Correction: Portnoy Law Firm investigates claims by Baidu investors, no complaint has been filed as of today, Baidu, Inc. Investigated by the Portnoy Law Firm

globenewswire.com
BIDU The article details an investigation into Baidu for possible securities fraud, citing reports of aiding the Chinese military, declining revenues, and intense competition. Stock prices have fallen significantly following these announcements.

Correction: Portnoy Law Firm investigates claims by Baidu investors, no complaint has been filed as of today, Baidu, Inc. Investigated by the Portnoy Law Firm LOS ANGELES, Sept. 10, 2026 (GLOBE NEWSWIRE) -- In a release issued earlier today titled "Portnoy Law Firm Announces Class Action on Behalf of Baidu, Inc. Investors" by Portnoy Law, please note that the content and headline should have been about an investigation and not a class action. The corrected release follows:

The Portnoy Law Firm advises Baidu, Inc., (“Baidu" or the "Company") (NASDAQ: BIDU) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/baidu-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

On November 26, 2025, Reuters reported that an October 7th letter from Deputy Defense Secretary Stephen Feinberg informed lawmakers that the Pentagon had determined Baidu to be one of three companies newly added to a list of entities aiding the Chinese military. On this news, Baidu's American Depositary Share ("ADS") price fell $1.54, or 1.3%, to close at $116.34 on November 26, 2025.

Subsequently, on February 26, 2026, the Company reported its fourth quarter and full year 2025 financial results, disclosing total revenues of RMB129.1 billion ($18.46 billion), representing a 3% year-over-year decline. The Company attributed this drop primarily "to a decrease in Legacy Business, partially offset by an increase in Baidu Core AI-powered Business." Following this announcement, Baidu's ADS price fell $7.50, or 5.65%, to close at $125.15 on February 26, 2026.

Finally, on August 18, 2026, the Company reported its second quarter 2026 financial results, revealing revenues of RMB31.3 billion ($4.62 billion), a 4% year-over-year decrease. Baidu management advised that the Company was "deliberately holding back on monetizing the AI search," which had "weighed on our advertising businesses in the near term," while noting that "competition in this industry remains very intense" and "competition for users' time and attention has intensified further." Following this news, Baidu's ADS price plummeted $13.25, or 12.73%, to close at $90.87 on August 18, 2026.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.

Admitted CA, NY and TX Bar

lesley@portnoylaw.com

310-692-8883

www.portnoylaw.com

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