Robin Li Yanhong, co-founder and chief executive officer of Baidu in Beijing, China in October 2018.
Visual China Group | Getty Images
GUANGZHOU, China — Baidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.
The Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong Kong secondary listing. Shares pared those gains during morning trade.
Unlike initial public offerings, secondary listings may not be greeted with massive first-day rallies as shares of the company are already trading on another exchange.
The Hong Kong listing is a big moment for Baidu, China’s largest search engine. The company has had a rough couple years…