Baidu's Robin Li becomes China's richest internet tycoon, knocking down Ding Lei from the top spot.

TOM Technology News (Written by Liu Shihui) - On Friday, July 6th, in US Eastern Time, Baidu's stock price surged 6.82% on the NASDAQ, hitting a 52-week high and approaching the $200 mark once again.

On Friday, Baidu's stock price rose by $12.61, closing at $197.60 with an increase of 6.82%. During trading hours, Baidu's stock price once reached as high as $199.88, setting a new 52-week high. Baidu's previous 52-week highest stock price was $193.75 and the lowest was $67.92. Calculated based on the latest closing price, Baidu's total market capitalization has reached $6.66 billion.

If calculated according to the original 22.9% shareholding ratio, Robin Li's net worth amounts to $1.525 billion, surpassing China's former richest internet tycoon William Ding.