BIDU is trading at $143.40 (+3.95%) in after-hours after announcing a $5 billion share repurchase program through 2028 and its first-ever dividend policy.
- The board cited strong cash reserves to boost shareholder returns alongside ongoing investments in AI and autonomous driving.
- The initial dividend payout is expected in 2026, marking a significant shift in the company's capital allocation strategy.
- The positive announcement provides a sharp rebound for the stock, countering recent declines and broader pressure on the Hong Kong tech sector.