Form 20-F
BAIDU, INC. filed this Form 20-F on 04/08/2016
Document Outline
Entire Document (8987.8 KB)
Subdocument 1 - 20-F - FORM 20-F
Page 1 - UNITED STATES
Page 2 - TABLE OF CONTENTS
Page 3 - INTRODUCTION
Page 4 - PART I
Page 5 - N/A
Page 6 - Exchange Rate Information
Page 7 - Risks Related to Our Business
Page 8 - Our business depends on a strong brand, and if we are not able to maintain and enhance our brand, ou
Page 9 - If our expansions into new internet businesses are not successful, our future results of operations
Page 10 - Interruption or failure of our own information technology and communications systems or those of thi
Page 11 - We may face intellectual property infringement claims and other related claims that could be time-co
Page 12 - We have been and may again be subject to claims based on the content found on our websites, the resu
Page 13 - We may be subject to patent infringement claims with respect to our P4P platform.
Page 14 - Our business may be adversely affected by third-party software applications or practices that interf
Page 15 - We rely on highly skilled personnel. If we are unable to retain or motivate them or hire additional
Page 16 - We are subject to risks and uncertainties faced by companies in a rapidly evolving industry.
Page 17 - Our results of operations may fluctuate, which makes our results difficult to predict and could caus
Page 18 - Because we rely to a large extent on distributors in providing our online marketing services, failur
Page 19 - Our overseas operations may not be successful.
Page 20 - The successful operation of our business depends upon the performance and reliability of the interne
Page 21 - If we fail to maintain an effective system of internal control over financial reporting, we may lose
Page 22 - Risks Related to Our Corporate Structure
Page 23 - Our contractual arrangements with our consolidated affiliated entities in China and the individual n
Page 24 - We may have exposure to greater than anticipated tax liabilities.
Page 25 - We may be unable to collect long-term loans to the nominee shareholders of our consolidated affiliat
Page 26 - Risks Related to Doing Business in China
Page 27 - N/A
Page 28 - Substantial uncertainties exist with respect to the enactment timetable, interpretation and implemen
Page 29 - N/A
Page 30 - Regulation and censorship of information disseminated over the internet in China may adversely affec
Page 31 - The discontinuation of any of the preferential income tax treatments currently available to us in th
Page 32 - We may be deemed a PRC resident enterprise under the EIT Law, which could subject us to PRC taxation
Page 33 - Our subsidiaries and consolidated affiliated entities in China are subject to restrictions on paying
Page 34 - PRC regulations relating to the establishment of offshore special purpose companies by PRC residents
Page 35 - Failure to comply with PRC regulations regarding the registration requirements for employee stock ow
Page 36 - Our auditor, like other independent registered public accounting firms operating in China, is not pe
Page 37 - Fluctuation in the value of the RMB may have a material and adverse effect on your investment.
Page 38 - Risks Related to Our ADSs
Page 39 - Substantial future sales or the perception of sales of our ADSs in the public market could cause the
Page 40 - You may not be able to participate in rights offerings and may experience dilution of your holdings
Page 41 - Our dual-class ordinary share structure with different voting rights could discourage others from pu
Page 42 - We may be classified as a passive foreign investment company, which could result in adverse U.S. fed
Page 43 - Baidu.com
Page 44 - Customers.
Page 45 - N/A
Page 46 - Baidu Image Search.
Page 47 - Hao123.com
Page 48 - BrandZone.
Page 49 - Aladdin.
Page 50 - Certification Services
Page 51 - Baidu Navigation
Page 52 - iQiyi
Page 53 - 2015 Brand Digital Asset Ranking
Page 54 - Web Search Technology
Page 55 - Natural Language Processing.
Page 56 - P4P Billing System.
Page 57 - Baidu.com
Page 58 - Baidu.com
Page 59 - Regulations on News Display
Page 60 - Regulations on Internet Drug Information Services
Page 61 - Regulations on Internet Publishing
Page 62 - Regulations on Payment Services by Non-financial Institutions
Page 63 - Regulations on Online Game Virtual Currency
Page 64 - Tort Liability Law
Page 65 - Copyright.
Page 66 - Trademark.
Page 67 - Regulations on Internet Privacy
Page 68 - Regulations on Foreign Exchange
Page 69 - Regulations on Labor
Page 70 - Regulations on Taxation
Page 71 - Contractual Arrangements with Our Consolidated Affiliated Entities and the Nominee Shareholders
Page 72 - Contractual Arrangements relating to Baidu Netcom, Beijing Perusal and BaiduPay
Page 73 - License Agreements
Page 74 - Loan Agreements
Page 75 - N/A
Page 76 - Overview
Page 77 - Reorganization of Operating Segments
Page 78 - Transaction Services
Page 79 - Revenue Collection
Page 80 - Cost of Revenues
Page 81 - Operating Expenses
Page 82 - Taxation
Page 83 - Withholding Tax
Page 84 - Tax Residence
Page 85 - PRC Business Tax and VAT
Page 86 - Results of Operations
Page 87 - Consolidated operating costs and expenses.
Page 88 - Operating profit
Page 89 - Operational Costs
Page 90 - Segment Revenues
Page 91 - Segment Operating Costs and Expenses
Page 92 - Inflation
Page 93 - Consolidation
Page 94 - Nonmonetary exchanges of licensed copyrights of video contents.
Page 95 - Revenue Recognition: Services
Page 96 - Equity: Equity-based Payments to Non-Employees
Page 97 - Impairment of Goodwill
Page 98 - Impairment of Long-term Investments
Page 99 - N/A
Page 100 - N/A
Page 101 - Cash Flows and Working Capital
Page 102 - Operating Activities
Page 103 - Holding Company Structure
Page 104 - N/A
Page 105 - Robin Yanhong Li
Page 106 - Jing Wang
Page 107 - Brent Callinicos
Page 108 - N/A
Page 109 - 2008 Share Incentive Plan
Page 110 - Restricted Shares and Restricted Share Unites.
Page 111 - Compensation Committee
Page 112 - Terms of Directors and Executive Officers
Page 113 - N/A
Page 114 - N/A
Page 115 - Share Options and Restricted Shares Grants
Page 116 - Dividend Policy
Page 117 - N/A
Page 118 - Registered Office and Objects
Page 119 - Transfer of Shares.
Page 120 - Repurchase of Shares.
Page 121 - People s Republic of China Taxation
Page 122 - U.S. Holders are urged to consult their tax advisors about the application of the U.S. federal tax r
Page 123 - Sale, Exchange or Other Disposition of the ADSs or ordinary shares
Page 124 - de minimis
Page 125 - Medicare Tax
Page 126 - Interest Rate Risk
Page 127 - Foreign Exchange Risk
Page 128 - Fees and Other Payments Made by the Depositary to Us
Page 129 - PART II
Page 130 - N/A
Page 131 - Item 16H. Mine Safety Disclosure
Page 132 - PART III
Page 133 - N/A
Page 134 - N/A
Page 135 - N/A
Page 136 - N/A
Page 137 - N/A
Page 138 - N/A
Page 139 - SIGNATURES
Page 140 - N/A
Page 141 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Page 142 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Page 143 - N/A
Page 144 - N/A
Page 145 - N/A
Page 146 - N/A
Page 147 - N/A
Page 148 - 1. ORGANIZATION, CONSOLIDATION AND PRESENTATION OF FINANCIAL STATEMENTS
Page 149 - Consolidation
Page 150 - Proxy Agreement/Power of Attorney
Page 151 - License Agreements
Page 152 - N/A
Page 153 - N/A
Page 154 - Basis of Presentation
Page 155 - Segment Reporting
Page 156 - Cash and Cash Equivalents
Page 157 - Investments Debt and Equity Securities.
Page 158 - Investments-Equity Method and Joint Ventures
Page 159 - Research and development expenses
Page 160 - Goodwill and Intangible Assets
Page 161 - Intangible assets
Page 162 - Revenue Recognition
Page 163 - Services provided by Baidu Nuomi
Page 164 - Entertainment Films
Page 165 - Revenue Recognition: Customer Payments and Incentives
Page 166 - Government Subsidies
Page 167 - Equity: Equity-based Payments to Non-Employees
Page 168 - Contingencies
Page 169 - Business and economic risks
Page 170 - Derivative Instruments
Page 171 - Leases.
Page 172 - Business Combinations in 2013:
Page 173 - Other acquisitions
Page 174 - Cost method investments
Page 175 - N/A
Page 176 - N/A
Page 177 - N/A
Page 178 - 5. ACCOUNTS RECEIVABLE
Page 179 - 7. FIXED ASSETS
Page 180 - 8. GOODWILL AND INTANGIBLE ASSETS
Page 181 - Indefinite-lived intangible assets
Page 182 - 9. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
Page 183 - 11. NOTES PAYABLE
Page 184 - N/A
Page 185 - Subsidiaries Qunar
Page 186 - Japan
Page 187 - N/A
Page 188 - N/A
Page 189 - 13. EMPLOYEE DEFINED CONTRIBUTION PLAN
Page 190 - Commitments for Licensed Copyrights
Page 191 - Litigation
Page 192 - Distinguishing Liabilities from Equity.
Page 193 - N/A
Page 194 - Accumulated Other Comprehensive Income (Loss)
Page 195 - 17. EARNINGS PER SHARE ( EPS )
Page 196 - 18. SHARE-BASED AWARDS PLAN
Page 197 - Share options
Page 198 - Restricted shares
Page 199 - Subsidiaries
Page 200 - 20. SEGMENT REPORTING
Page 201 - 21. FAIR VALUE MEASUREMENT
Page 202 - N/A
Page 203 - N/A
Page 204 - 22. SUBSEQUENT EVENTS
Subdocument 2 - EX-4.22 - EX-4.22
Page 1 - Exhibit 4.22
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - N/A
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - This document is a translation of the original text in Chinese
Page 15 - N/A
Page 16 - N/A
Page 17 - N/A
Page 18 - N/A
Page 19 - N/A
Page 20 - N/A
Page 21 - N/A
Page 22 - N/A
Page 23 - N/A
Page 24 - N/A
Page 25 - N/A
Page 26 - N/A
Subdocument 3 - EX-4.23 - EX-4.23
Page 1 - Exhibit 4.23
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - Party A: Baidu Online Network Technology (Beijing) Co., Ltd.
Page 6 - N/A
Page 7 - N/A
Page 8 - IN WITNESS THEREFORE,
Page 9 - This document is a translation of the original text in Chinese
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - Party A: Baidu Online Network Technology (Beijing) Co., Ltd.
Page 14 - N/A
Page 15 - N/A
Page 16 - IN WITNESS THEREFORE,
Subdocument 4 - EX-4.25 - EX-4.25
Page 1 - Exhibit 4.25
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - IN WITNESS WHEREOF
Page 7 - Party A: Baidu Online Network Technology (Beijing) Co., Ltd.
Page 8 - This document is a translation of the original text in Chinese
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - IN WITNESS WHEREOF
Page 14 - Party A: Baidu Online Network Technology (Beijing) Co., Ltd.
Subdocument 5 - EX-4.30 - EX-4.30
Page 1 - Exhibit 4.30
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - N/A
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Subdocument 6 - EX-4.31 - EX-4.31
Page 1 - Exhibit 4.31
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - Party A: Baidu Online Network Technology (Beijing) Co., Ltd.
Page 7 - IN WITNESS WHEREOF
Subdocument 7 - EX-4.33 - EX-4.33
Page 1 - Exhibit 4.33
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - IN WITNESS WHEREOF
Page 7 - Party A: Baidu Online Network Technology (Beijing) Co., Ltd.
Subdocument 8 - EX-4.41 - EX-4.41
Page 1 - Exhibit 4.41
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - Party A:Baidu Online Network Technology (Beijing) Co., Ltd.
Page 7 - N/A
Page 8 - Pledgee: Baidu Online Network Technology (Beijing) Co., Ltd.
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Subdocument 9 - EX-4.42 - EX-4.42
Page 1 - Exhibit 4.42
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - Party A:Baidu Online Network Technology (Beijing) Co., Ltd.
Page 7 - N/A
Page 8 - Pledgee: Baidu Online Network Technology (Beijing) Co., Ltd.
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Subdocument 10 - EX-4.44 - EX-4.44
Page 1 - Exhibit 4.44
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - N/A
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Subdocument 11 - EX-4.45 - EX-4.45
Page 1 - Exhibit 4.45
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - N/A
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Subdocument 12 - EX-4.61 - EX-4.61
Page 1 - Exhibit 4.61
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - IN WITNESS WHEREOF
Page 7 - Party A: Baidu Online Network Technology (Beijing) Co., Ltd.
Page 8 - Schedule 1
Subdocument 13 - EX-4.62 - EX-4.62
Page 1 - Exhibit 4.62
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - IN WITNESS WHEREOF
Page 7 - Party A: Baidu Online Network Technology (Beijing) Co., Ltd.
Page 8 - Schedule 1
Subdocument 14 - EX-4.68 - EX-4.68
Page 1 - Exhibit 4.68
Page 2 - CONTENTS
Page 3 - THIS AGREEMENT
Page 4 - Code
Page 5 - Event of Default
Page 6 - GAAP
Page 7 - Law or Regulation
Page 8 - NASDAQ
Page 9 - RMB
Page 10 - Subsidiary
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - N/A
Page 15 - Mandatory Prepayment Request
Page 16 - N/A
Page 17 - N/A
Page 18 - N/A
Page 19 - Tax Credit
Page 20 - N/A
Page 21 - N/A
Page 22 - N/A
Page 23 - N/A
Page 24 - N/A
Page 25 - N/A
Page 26 - N/A
Page 27 - approved currency
Page 28 - N/A
Page 29 - N/A
Page 30 - Adjusted Consolidated EBITDA
Page 31 - Consolidated Cash Balance
Page 32 - Consolidated Total Borrowings
Page 33 - Exceptional Item
Page 34 - N/A
Page 35 - N/A
Page 36 - N/A
Page 37 - AML/CTF Laws
Page 38 - N/A
Page 39 - N/A
Page 40 - N/A
Page 41 - N/A
Page 42 - N/A
Page 43 - N/A
Page 44 - N/A
Page 45 - N/A
Page 46 - Existing Lender
Page 47 - Transfer Date
Page 48 - N/A
Page 49 - Taxes
Page 50 - N/A
Page 51 - N/A
Page 52 - N/A
Page 53 - N/A
Page 54 - SCHEDULE 1
Page 55 - PART 2
Page 56 - N/A
Page 57 - SCHEDULE 2
Page 58 - N/A
Page 59 - SCHEDULE 3
Page 60 - N/A
Page 61 - N/A
Page 62 - THE SCHEDULE
Page 63 - SCHEDULE 4
Page 64 - SIGNATORIES
Subdocument 15 - EX-4.69 - EX-4.69
Page 1 - Exhibit 4.69
Page 2 - CONTENTS
Page 3 - THIS AGREEMENT
Page 4 - Business Day
Page 5 - Dollar, US$
Page 6 - GAAP
Page 7 - Increased Cost
Page 8 - NASDAQ
Page 9 - RMB
Page 10 - Security Interest
Page 11 - Utilisation Date
Page 12 - N/A
Page 13 - N/A
Page 14 - N/A
Page 15 - Mandatory Prepayment Request
Page 16 - N/A
Page 17 - N/A
Page 18 - N/A
Page 19 - Tax Credit
Page 20 - N/A
Page 21 - N/A
Page 22 - N/A
Page 23 - N/A
Page 24 - N/A
Page 25 - N/A
Page 26 - N/A
Page 27 - approved currency
Page 28 - Relevant Person
Page 29 - N/A
Page 30 - N/A
Page 31 - N/A
Page 32 - Adjusted Consolidated EBITDA
Page 33 - Consolidated EBIT
Page 34 - Consolidated Total Borrowings
Page 35 - Exceptional Item
Page 36 - N/A
Page 37 - N/A
Page 38 - N/A
Page 39 - AML/CTF Laws
Page 40 - N/A
Page 41 - N/A
Page 42 - N/A
Page 43 - N/A
Page 44 - N/A
Page 45 - N/A
Page 46 - N/A
Page 47 - Existing Lender
Page 48 - New Lender
Page 49 - N/A
Page 50 - Taxes
Page 51 - N/A
Page 52 - N/A
Page 53 - N/A
Page 54 - N/A
Page 55 - N/A
Page 56 - SCHEDULE 1
Page 57 - PART 2
Page 58 - N/A
Page 59 - SCHEDULE 2
Page 60 - SCHEDULE 3
Page 61 - N/A
Page 62 - N/A
Page 63 - THE SCHEDULE
Page 64 - SCHEDULE 4
Page 65 - SIGNATORIES
Subdocument 16 - EX-8.1 - EX-8.1
Page 1 - EXHIBIT 8.1
Subdocument 17 - EX-12.1 - EX-12.1
Page 1 - EXHIBIT 12.1
Subdocument 18 - EX-12.2 - EX-12.2
Page 1 - EXHIBIT 12.2
Subdocument 19 - EX-13.1 - EX-13.1
Page 1 - EXHIBIT 13.1
Subdocument 20 - EX-13.2 - EX-13.2
Page 1 - EXHIBIT 13.2
Subdocument 21 - EX-15.1 - EX-15.1
Page 1 - EXHIBIT 15.1
Subdocument 22 - EX-15.2 - EX-15.2
Page 1 - EXHIBIT 15.2
Subdocument 23 - EX-15.3 - EX-15.3
Page 1 - EXHIBIT 15.3
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