SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G/A


UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 19)*


Baidu, Inc.
(Name of Issuer)


Class A ordinary shares, Class B ordinary shares
(Title of Class of Securities)


G07034104
(CUSIP Number)


06/30/2025
(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐   Rule 13d-1(b)
☐   Rule 13d-1(c)
☒   Rule 13d-1(d)




SCHEDULE 13G/A
CUSIP No.
G07034104


1 Names of Reporting Persons

Robin Yanhong Li
2 Check the appropriate box if a member of a Group (see instructions)

☐  (a)
☐  (b)
3SEC Use Only
4 Citizenship or Place of Organization

CHINA
Number of Shares Beneficially Owned by Each Reporting Person With:
5 Sole Voting Power: 521,447,432.00
6 Shared Voting Power: 0.00
7 Sole Dispositive Power: 455,401,336.00
8 Shared Dispositive Power: 0.00
9 Aggregate Amount Beneficially Owned by Each Reporting Person

521,447,432.00
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

☒
11 Percent of class represented by amount in row (9)

19.2 %
12 Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: 1. The 521,447,432 ordinay shares beneficially owned with sole voting power include (i) 3,013,200 Class A ordinary shares directly held by Mr. Li on record, (ii) 3,530,768 Class A ordinary shares in the form of ADSs held by Mr. Li in the brokerage account of the administrator of the Issuer's employee stock option program, (iii) 439,200,000 Class B ordinary shares held on record by Handsome Reward Limited, a British Virgin Islands company wholly owned by Mr. Li, (iv) 7,399,504 Class A ordinary shares in the form of ADSs held by Handsome Reward Limited in the brokerage account of the administrator of the Issuer's employee stock option program, (v) 1,404,960 Class A ordinary shares issuable to Handsome Reward Limited upon exercise of options within 60 days after June 30, 2025, (vi) 852,904 Class A ordinary shares issuable to Handsome Reward Limited upon vesting of restricted shares within 60 days after June 30, 2025, and (vii) 66,046,096 Class A ordinary shares in the form of ADSs held by certain employees who have granted Mr. Li irrevocable voting proxies with respect to these shares on their behalf. However, Mr. Li does not have any economic interest with respect to the 66,046,096 Class A ordinary shares in the form of ADSs held by certain employees that are subject to irrevocable voting proxies. 2. The voting power of the ordinary shares beneficially owned represent 60.2% of the total outstanding voting power of the Issuer. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of June 30, 2025 (taking into account the number of shares that the reporting person had the right to acquire based on the options and restricted shares that shall have become vested within 60 days after June 30, 2025). Each Class A ordinary share is entitled to one vote per share and each Class B ordinary share is entitled to ten votes per share on all matters submitted to the shareholders for a vote. 3. As of June 30, 2025, Melissa Ma, Robin Yanhong Li's wife, was the record holder of 3,732,240 Class A ordinary shares and 85,040,000 Class B ordinary shares, and also owned 46,719 ADSs in the brokerage account of the administrator of the Issuer's employee stock option program. Robin Yanhong Li may be deemed to share beneficial ownership of the shares owned by Melissa Ma. Mr. Li expressly disclaims such beneficial ownership of the shares beneficially owned by Ms. Ma.


SCHEDULE 13G/A
CUSIP No.
G07034104


1 Names of Reporting Persons

Handsome Reward Limited
2 Check the appropriate box if a member of a Group (see instructions)

☐  (a)
☐  (b)
3SEC Use Only
4 Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH
Number of Shares Beneficially Owned by Each Reporting Person With:
5 Sole Voting Power: 448,857,368.00
6 Shared Voting Power: 0.00
7 Sole Dispositive Power: 448,857,368.00
8 Shared Dispositive Power: 0.00
9 Aggregate Amount Beneficially Owned by Each Reporting Person

448,857,368.00
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

☐
11 Percent of class represented by amount in row (9)

16.6 %
12 Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: 1. The 448,857,368 ordinay shares beneficially owned with sole voting power include (i) 439,200,000 Class B ordinary shares held on record by Handsome Reward Limited, (ii) 7,399,504 Class A ordinary shares in the form of ADSs held by Handsome Reward Limited in the brokerage account of the administrator of the Issuer's employee stock option program, (iii) 1,404,960 Class A ordinary shares issuable upon exercise of options within 60 days after June 30, 2025, and (iv) 852,904 Class A ordinary shares issuable upon vesting of restricted shares within 60 days after June 30, 2025. 2. The voting power of the ordinary shares beneficially owned represent 59.3% of the total outstanding voting power of the Issuer. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of June 30, 2025 (taking into account the number of shares that the reporting person had the right to acquire based on the options and restricted shares that shall have become vested within 60 days after June 30, 2025). Each Class A ordinary share is entitled to one vote per share and each Class B ordinary share is entitled to ten votes per share on all matters submitted to the shareholders for a vote.



SCHEDULE 13G/A

Item 1. 
(a) Name of issuer:

Baidu, Inc.
(b) Address of issuer's principal executive offices:

Baidu Campus, No. 10 Shangdi 10th Street, Haidian District, Beijing 100085, The People's Republic of China
Item 2. 
(a) Name of person filing:

Robin Yanhong Li Handsome Reward Limited
(b) Address or principal business office or, if none, residence:

Robin Yanhong Li Baidu Campus No. 10 Shangdi 10th Street Haidian District, Beijing 100085 The People's Republic of China Handsome Reward Limited c/o Robin Yanhong Li Baidu Campus No. 10 Shangdi 10th Street Haidian District, Beijing 100085 The People's Repurblic of China
(c) Citizenship:

Robin Yanhong Li - The People's Republic of China Handsom Reward Limited - British Virgin Islands
(d) Title of class of securities:

Class A ordinary shares, Class B ordinary shares
(e) CUSIP No.:

G07034104
Item 3.If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)☐   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)☐   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)☐   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)☐   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)☐   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)☐   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)☐   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)☐   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)☐   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)☐   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
       please specify the type of institution:
(k)☐   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
 
Item 4.Ownership
(a) Amount beneficially owned:

Robin Yanhong Li - 521,447,432 Handsom Reward Limited - 448,857,368
(b) Percent of class:

Robin Yanhong Li - 19.2% Handsom Reward Limited - 16.6  %
(c) Number of shares as to which the person has:
  (i) Sole power to vote or to direct the vote:

Robin Yanhong Li - 521,447,432 Handsom Reward Limited - 448,857,368

  (ii) Shared power to vote or to direct the vote:

Robin Yanhong Li - 0 Handsom Reward Limited - 0

  (iii) Sole power to dispose or to direct the disposition of:

Robin Yanhong Li - 455,401,336 Handsom Reward Limited - 448,857,368

  (iv) Shared power to dispose or to direct the disposition of:

Robin Yanhong Li - 0 Handsom Reward Limited - 0

Item 5.Ownership of 5 Percent or Less of a Class.
 
Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
 
Not Applicable
Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
Not Applicable
Item 8.Identification and Classification of Members of the Group.
 
Not Applicable
Item 9.Notice of Dissolution of Group.
 
Not Applicable

Item 10.Certifications:
 
Not Applicable

    SIGNATURE 
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 
Robin Yanhong Li
 Signature:/s/ Robin Yanhong Li
 Name/Title:Robin Yanhong Li
 Date:08/14/2025
 
Handsome Reward Limited
 Signature:/s/ Robin Yanhong Li
 Name/Title:Director
 Date:08/14/2025