Baidu Set for Hong Kong Debut After Raising $3.1 Billion

Mar.22 -- Chinese search engine Baidu Inc. edged higher in Hong Kong’s gray market trading Monday ahead of its trading debut. The Nasdaq-listed company raised HK$23.9 billion ($3.1 billion) in its Hong Kong share sale, sealing the latest in a string of blockbuster equity offerings in the financial hub. Tom Mackenzie reports on "Bloomberg Daybreak: Australia."