Baidu Inc., a leading AI company with a strong Internet foundation, has announced a proposed offering of CNY-denominated senior unsecured notes. The notes are being offered in offshore transactions outside the United States to non-U.S. persons under Regulation S of the United States Securities Act of 1933. The principal amount, interest rates, maturity dates, and other terms of the notes will be determined at the time of pricing the offering. The company plans to use the net proceeds from the offering for general corporate purposes, including the repayment of certain existing indebtedness and interest payments. The notes have not been registered under the Securities Act and cannot be sold in the United States except under specific exemptions. There is no assurance that the notes offering will be completed as planned.