Zhi Tong Cai Jing·2026-01-02 02:04Group 1 - Baidu Group's stock has increased over 5%, with a cumulative rise of more than 15% this week, currently trading at 138.5 HKD with a transaction volume of 684 million HKD [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 [1] - Kunlun Chip is a semiconductor subsidiary of Baidu focused on AI chip development, with applications in data centers, cloud computing, and autonomous driving [1] Group 2 - JPMorgan predicts that Kunlun Chip's revenue will surge from approximately 1.3 billion RMB in 2025 to 8.3 billion RMB in 2026, representing a sixfold increase [1] - Based on an average price-to-sales ratio of 10 times for tech stocks, the valuation of Kunlun Chip could exceed 80 billion RMB, significantly enhancing Baidu's asset value [1]