Infini Capital Management Ltd fully liquidated its remaining Baidu position on February 13, 2026, selling 33,399 shares for approximately $4.4 million. The transaction marks the conclusion of a strategic pullback from the Chinese search engine giant that began throughout 2025, as the fund systematically reduced its exposure to the technology company.
The complete exit follows a challenging period for Baidu, which recorded an $2.2 billion impairment charge and experienced an 18% decline in advertising revenue on a yearly basis. These headwinds, coupled with broader market pressures in China's technology sector, appear to have accelerated the fund's decision to divest the holding entirely.
The Baidu sale is part of a more extensive portfolio restructuring by Infini Capital. During the fourth quarter of 2025, the fund divested nine of its eleven holdings, signaling a significant strategic shift in its investment positioning. This streamlined approach leaves the fund with a substantially more concentrated portfolio following the comprehensive reallocation.