Group 1 - Baidu announced that Kunlun Chip has submitted a listing application to the Hong Kong Stock Exchange for approval to list its shares on the main board [2] - The proposed spin-off will involve a global offering of Kunlun Chip shares, including a public offering in Hong Kong and a placement to institutional and professional investors [2] - As of the announcement date, Kunlun Chip is a non-wholly owned subsidiary of Baidu, and it is expected to remain a subsidiary after the proposed spin-off [2] Group 2 - Reports indicate that Kunlun Chip has officially started preparations for its Hong Kong listing, aiming to submit the application as early as Q1 2026 and complete the IPO by early 2027, with a latest financing valuation of approximately 21 billion RMB (about 2.97 billion USD) [4] - Kunlun Chip focuses on AI chip development, with its products primarily used in data centers, cloud computing, and autonomous driving [5] - Baidu has acknowledged media reports regarding the proposed spin-off and listing of Kunlun Chip, stating that it is currently evaluating the proposal, which will require regulatory approval [5]
刚刚 百度正式公告！
Zheng Quan Shi Bao·2026-01-02 00:00