Baidu’s related parties will reduce their holdings 64 times in 2023. Robin Li’s wife, Ma Dongmin, will reduce her holdings by more than US$200 million.

On December 4, Baidu issued an announcement that related parties planned to reduce their holdings, saying that shareholder Brent Callinicos sold 664 Baidu shares worth US$78,371. Public information shows that Brent Callinicos is a director of Baidu and a member of the audit committee of the board of directors. He is the former CFO of Uber and has served as a senior executive in Google, Microsoft and other companies. In 2015, he was appointed as a director of Baidu together with Lenovo Group CEO Yang Yuanqing.

This is not the first time Brent Callinicos has reduced its holdings in Baidu this year. On May 30, Brent Callinicos reduced its holdings of 8,788 Baidu shares worth US$1.1 million.

Baidu has issued a total of 6 announcements this year involving related parties planning to reduce their holdings in Baidu stock.

Among them, there are several actions involving relatively high stock values. On June 15, Shen Dou, executive vice president of Baidu and president of the Intelligent Cloud Division, reduced his holdings of 58,748 Baidu shares, valued at US$8.65 million. On July 3 and October 2, Robin Li's wife Ma Dongmin reduced her holdings of Baidu stocks twice, by 390,000 shares each time. Based on the delivery price, the values ​​were US$53.39 million and US$52.4 million respectively.

In addition, according to the information disclosed in the announcement, Shen Dou also reduced his holdings of Baidu stocks twice in March, with a total value of US$3.08 million; Ma Dongmin also reduced his holdings of Baidu stocks 27 times from April to June, with a total value of approximately US$49.46 million; from July to September, he reduced his holdings 26 times, with a total value of approximately US$54.66 million; Brent Callinicos also reduced his holdings of Baidu stocks three times in February and May, with a total value of US$680,000.

Based on the above information, Baidu has had 64 related party reductions this year.

Among them, Ma Dongmin’s cumulative reduction of Baidu shares is worth approximately US$210 million; Shen Dou’s cumulative reduction of Baidu shares is worth approximately US$11.73 million.

In addition, Baidu also sold some Ctrip shares this year. Among the Baidu shares that Ma Dongmin reduced its holdings, Baidu did not announce whether Baidu received any proceeds from the sale of Ctrip shares.