Schedule 13G/Amendment No. 5

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 5)*

Baidu, Inc.
(Name of Issuer)
Class A Ordinary Shares
Class B Ordinary Shares
(Title of Class of Securities)
G07034104
(CUSIP Number)
December 31, 2010
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     o Rule 13d-1(c)

     þ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 


 

                     
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)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  The People’s Republic of China
       
  5   SOLE VOTING POWER
     
NUMBER OF   5,602,6791 ordinary shares. Handsome Reward Limited may also be deemed to have sole voting power with respect to 5,490,000 ordinary shares.
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   5,602,6791 ordinary shares. Handsome Reward Limited may also be deemed to have sole dispositive power with respect to 5,490,000 ordinary shares.
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,602,679 ordinary shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  þ
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  16.1%2
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
1 Includes (i) 37,665 Class A Ordinary Shares directly held by Mr. Li; (ii) 35,249 Class A Ordinary Shares in the form of American depositary shares (“ADSs”) held in the brokerage account of the administrator of the issuer’s employee stock option program; (iii) 39,000 Class A Ordinary Shares issuable upon exercise of options within 60 days after the date of December 31, 2010; (iv) 765 Class A Ordinary Shares issuable upon vesting of restricted shares within 60 days after the date of December 31, 2010 and (v) 5,490,000 Class B Ordinary Shares held by Handsome Reward Limited, a British Virgin Islands company wholly owned by Mr. Li. Each Class B Ordinary Share is convertible at the option of the holder into one Class A Ordinary Share. The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B Ordinary Share is entitled to ten votes per share, whereas each Class A Ordinary Share is entitled to one vote per share.
2 Assumes conversion of all Class B Ordinary Shares into the same number of Class A Ordinary Shares.
 
 

Page 2 of 7 Pages


 

                     
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)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  British Virgin Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   5,490,0003 ordinary shares. Robin Yanhong Li may also be deemed to have sole voting power with respect to the above shares.
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   5,490,0003 ordinary shares. Robin Yanhong Li may also be deemed to have sole dispositive power with respect to the above shares.
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,490,000 ordinary shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  15.8%4
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO
3 Includes 5,490,000 Class B Ordinary Shares.
4 Assumes conversion of all Class B Ordinary Shares into the same number of Class A Ordinary Shares.
 
 

Page 3 of 7 Pages


 

                     
CUSIP No.
 
G07034104 
 
     
Item 1(a).
  Name of Issuer:
 
   
 
  Baidu, Inc.
 
   
Item 1(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
 
   
Item 2(b).
  Address of 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 Republic of China
 
   
Item 2(c)
  Citizenship:
 
   
 
  Robin Yanhong Li — The People’s Republic of China
 
   
 
  Handsome Reward Limited — British Virgin Islands
 
   
Item 2(d).
  Title of Class of Securities:
 
   
 
  Class A Ordinary Shares and Class B Ordinary Shares (collectively, “Ordinary Shares”)
 
   
Item 2(e).
  CUSIP Number:
 
   
 
  G07034104

 

Page 4 of 7 Pages


 

                     
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 persons filing is a:
 
   
 
  Not applicable
 
   
Item 4.
  Ownership:
 
   
 
  The following information with respect to the ownership of the Ordinary Shares of the issuer by each of the reporting persons is provided as of December 31, 2010:
                                                 
                    Sole     Shared     Sole     Shared  
                    power to     power to     power to     power to  
    Amount             vote or     vote or to     dispose or to     dispose or to  
    beneficially     Percent     direct     direct     direct the     direct the  
Reporting Person   owned:     of class:     the vote:     the vote:     disposition of:     disposition of:  
Robin Yanhong Li
    5,602,679       16.1 %     5,602,679       0       5,602,679       0  
 
                                               
Handsome Reward Limited
    5,490,000       15.8 %     5,490,000       0       5,490,000       0  
     
 
  The above table includes collectively those Class A Ordinary Shares and Class B Ordinary Shares held by each reporting person, and assumes conversion of all Class B Ordinary Shares into the same number of Class A Ordinary Shares.
 
   
 
  Robin Yanhong Li is the record owner of 37,665 Class A Ordinary Shares and owns 35,249 Class A Ordinary Shares in the form of ADSs held in the brokerage account of the administrator of the issuer’s employee stock option program. He also has right to acquire 39,000 Class A Ordinary Shares upon exercise of options, and 765 Class A Ordinary Shares upon vesting of restricted shares, granted under the Company’s share incentive plans within 60 days after December 31, 2010.
 
   
 
  Handsome Reward Limited, a British Virgin Islands company, is the record owner of 5,490,000 Class B Ordinary Shares. Robin Yanhong Li is the sole owner and director of Handsome Reward Limited. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Robin Yanhong Li may be deemed to beneficially own all of the shares held by Handsome Reward Limited.
 
   
 
  Melissa Ma, Robin Yanhong Li’s wife, is the record owner of 1,676,667 Class B Ordinary Shares. Robin Yanhong Li may be deemed to share beneficial ownership of the shares held by Melissa Ma. Robin Yanhong Li expressly disclaims such beneficial ownership of the shares beneficially owned by Melissa Ma.
 
   
Item 5.
  Ownership of Five Percent or Less of a Class:
 
   
 
  Not applicable

 

Page 5 of 7 Pages


 

                     
CUSIP No.
 
G07034104 
 
     
Item 6.
  Ownership of More than Five 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 Controlling 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

 

Page 6 of 7 Pages


 

                     
CUSIP No.
 
G07034104 
 
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.
Dated: January 28, 2011
         
Robin Yanhong Li 
/s/ Robin Yanhong Li 
 
  Robin Yanhong Li    
 
Handsome Reward Limited  By:   /s/ Robin Yanhong Li    
    Name:   Robin Yanhong Li   
    Title:   Director   

 

Page 7 of 7 Pages


 

LIST OF EXHIBITS
     
Exhibit No.   Description
   
 
A  
Joint Filing Agreement