[Baidu's Q2 Earnings Miss Expectations, Pre-Market Drops Over 5%, Advancing Hong Kong Dual Primary Listing Conversion] BlockBeats News, August 18, Baidu Group released its second-quarter financial report, with revenue of RMB 31.33 billion, compared to an estimate of RMB 31.59 billion. Second-quarter core AI new business revenue reached RMB 12.5 billion, and adjusted profit per ADS for the second quarter was RMB 7.22, compared to an estimate of RMB 9.75. Baidu stated it is advancing the Hong Kong dual primary listing conversion process, which is expected to take effect within the year. According to BIT (bit.com) market data, Baidu's U.S. stock pre-market dropped over 5%.