Group 1 - Baidu announced that Kunlun Chip has submitted a listing application to the Hong Kong Stock Exchange for approval to list and trade its shares on the main board [1] - 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 [1] - 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 [1] Group 2 - Media reports indicated that Kunlun Chip has officially started preparations for its Hong Kong listing, aiming to submit the application by Q1 2026 and complete the IPO by early 2027, with a latest financing valuation of approximately 21 billion RMB (about 2.97 billion USD) [3] - Following this positive news, Baidu's stock price in Hong Kong surged by 5% [3] - Kunlun Chip focuses on AI chip development, with its products primarily used in data centers, cloud computing, and autonomous driving [3]
刚刚!百度正式公告:计划分拆昆仑芯业务,并于港交所独立上市
Sou Hu Cai Jing·2026-01-02 01:39