UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.)*
BAIDU.COM,INC.
--------------------------------------------------------------------------------
(Name of Issuer)
American Depositary Shares
Each representing one Class A Ordinary Share
--------------------------------------------------------------------------------
(Title of Class of Securities)
056752108
---------
(CUSIP Number)
May 31, 2006
------------
(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)
[X] Rule 13d-1(c)
[ ] 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 on 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. 05672108 13G Page 2 of 11 Pages
-------------------------------------------- ----------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 669,400 (1)(2) (see Item 4)
PERSON WITH ----- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
669,400 (1)(2) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
669,400 (1)(2) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 11
-------------------------------------------- ----------------------
CUSIP No. 05672108 13G Page 3 of 11 Pages
-------------------------------------------- ----------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 669,400 (1)(2) (see Item 4)
PERSON WITH ----- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
669,400 (1)(2) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
669,400 (1)(2) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 11
-------------------------------------------- ----------------------
CUSIP No. 05672108 13G Page 4 of 11 Pages
-------------------------------------------- ----------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CR Intrinsic Investors, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 250,000 (1)(3) (see Item 4)
PERSON WITH ----- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
250,000 (1)(3) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,000 (1)(3) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.9% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 11
-------------------------------------------- ----------------------
CUSIP No. 05672108 13G Page 5 of 11 Pages
-------------------------------------------- ----------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Management, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 30,000 (1)(see Item 4)
PERSON WITH ----- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
30,000 (1)(see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,000 (1)(see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 11
-------------------------------------------- ----------------------
CUSIP No. 05672108 13G Page 6 of 11 Pages
-------------------------------------------- ----------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 949,400 (1)(4) (see Item 4)
PERSON WITH ----- ----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
949,400 (1)(4) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
949,400 (1)(4) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 6 of 11
Item 1(a) Name of Issuer:
--------------
Baidu.com, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
12/F Ideal International Plaza
No. 58 West-North 4th Ring
Beijing 100080
People's Republic of China
Items 2(a) Name of Person Filing:
----------------------
This statement is filed by: (i) S.A.C. Capital Advisors,
LLC, ("SAC Capital Advisors") with respect to American
Depositary Shares ("ADS"), each representing one Class A
Ordinary Share of the Issuer, beneficially owned by S.A.C.
Capital Associates, LLC ("SAC Capital Associates") and
S.A.C. MultiQuant Fund, LLC ("SAC MultiQuant"); (ii) S.A.C.
Capital Management, LLC, ("SAC Capital Management") with
respect to ADS beneficially owned by SAC Capital Associates
and SAC MultiQuant; (iii) CR Intrinsic Investors, LLC ("CR
Intrinsic Investors") with respect to ADS beneficially owned
by CR Intrinsic Investments, LLC ("CR Intrinsic
Investments"); (iv) Sigma Capital Management, LLC ("Sigma
Management") with respect to ADS beneficially owned by Sigma
Capital Associates, LLC ("Sigma Capital Associates") and (v)
Steven A. Cohen with respect to ADS beneficially owned by
SAC Capital Advisors, SAC Capital Management, SAC Capital
Associates, SAC MultiQuant, CR Intrinsic Investors, CR
Intrinsic Investments, Sigma Management and Sigma Capital
Associates.
Item 2(b) Address of Principal Business Office:
-------------------------------------
The address of the principal business office of (i) SAC
Capital Advisors, CR Intrinsic Investors and Mr. Cohen is 72
Cummings Point Road, Stamford, Connecticut 06902 and (ii)
SAC Capital Management and Sigma Management is 540 Madison
Avenue, New York, New York 10022.
Item 2(c) Citizenship:
------------
SAC Capital Advisors, SAC Capital Management, CR Intrinsic
Investors and Sigma Management are Delaware limited
liability companies. Mr. Cohen is a United States citizen.
Page 7 of 11
Item 2(d) Title of Class of Securities:
-----------------------------
American Depositary Shares, each representing one Class A
Ordinary Share
Item 2(e) CUSIP Number:
-------------
056752108
Item 3 Not Applicable
Item 4 Ownership:
----------
The percentages used herein are calculated based upon the
Class A Ordinary Shares issued and outstanding as of March
31, 2006 as reported on the Issuer's current report of
foreign issuer on Form 6-K filed with the Securities and
Exchange Commission by the Issuer on May 10, 2006.
As of the close of business on May 31, 2006:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 669,400 (1)(2)
(b) Percent of class: 5.1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
669,400 (1)(2)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
669,400 (1)(2)
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 669,400 (1)(2)
(b) Percent of class: 5.1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
669,400 (1)(2)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
669,400 (1)(2)
3. CR Intrinsic Investors, LLC
(a) Amount beneficially owned: 250,000 (1)(3)
(b) Percent of class: 1.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
250,000 (1)(3)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
250,000 (1)(3)
Page 8 of 11
4. Sigma Capital Management, LLC
(a) Amount beneficially owned: 30,000 (1)
(b) Percent of class: 0.2%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
30,000 (1)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
30,000 (1)
5. Steven A. Cohen
(a) Amount beneficially owned: 949,400 (1)(4)
(b) Percent of class: 7.2%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
949,400 (1)(4)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
949,400 (1)(4)
(1) Each of the ADS represents one Class A Ordinary Share.
(2) The number of ADS reported herein includes options held
by SAC Capital Associates on 100,000 ADS.
(3) The number of ADS reported herein includes options held
by CR Intrinsic Investments on 225,000 ADS.
(4) The number of ADS reported herein includes options held,
as reported herein, by SAC Capital Associates and CR
Intrinsic Investments.
SAC Capital Advisors, SAC Capital Management, CR Intrinsic
Investors, Sigma Management and Mr. Cohen do not directly
own any ADS nor any Class A Ordinary Shares. Pursuant to
investment agreements, each of SAC Capital Advisors and SAC
Capital Management share all investment and voting power
with respect to the securities held by SAC Capital
Associates and SAC MultiQuant. Pursuant to an investment
management agreement, CR Intrinsic Investors maintains
investment and voting power with respect to the securities
held by CR Intrinsic Investments. Pursuant to an investment
management agreement, Sigma Management maintains investment
and voting power with respect to the securities held by
Sigma Capital Associates. Mr. Cohen controls each of SAC
Capital Advisors, SAC Capital Management, CR Intrinsic
Investors and Sigma Management. CR Intrinsic Investments is
a wholly owned subsidiary of SAC Capital Associates. By
reason of the provisions of Rule 13d-3 of the Securities
Exchange Act of 1934, as amended, each of (i) SAC Capital
Advisors, SAC Capital Management and Mr. Cohen may be deemed
to own beneficially 669,400 ADS (representing approximately
5.1.% of the Class A Ordinary Shares outstanding); (ii) CR
Intrinsic Investors and Mr. Cohen may be deemed to own
beneficially 250,000 ADS
Page 9 of 11
(constituting approximately 1.9% of the Class A Ordinary
Shares outstanding) and (iii) Sigma Management and Mr. Cohen
may be deemed to own beneficially 30,000 ADS (constituting
approximately 0.2% of the Class A Ordinary Shares
outstanding). Each of SAC Capital Advisors, SAC Capital
Management, CR Intrinsic Investors, Sigma Management and Mr.
Cohen disclaim beneficial ownership of any of the securities
covered by this statement, and SAC Capital Associates
disclaims beneficial ownership of any securities held by CR
Intrinsic Investments.
Item 5 Ownership of Five Percent or Less of a Class:
-------------------------------------------
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following.
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:
-----------------------------------------
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 Certification:
--------------
By signing below the signatory certifies that, to the best of his knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
Page 10 of 11
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: June 7, 2006
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
CR INTRINSIC INVESTORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 11 of 11