Sou Hu Cai Jing·2026-01-02 06:34Group 1 - Baidu Group has announced that its subsidiary Kunlun Chip has officially initiated the process for listing in Hong Kong [1] - Kunlun Chip has submitted an A1 listing application form to the Hong Kong Stock Exchange through its joint sponsors in a confidential manner [1] - The spin-off listing plan will be implemented through a global offering, which includes a public offering to local investors in Hong Kong and a placement of shares to institutional and professional investors [3] Group 2 - Kunlun Chip, as a non-wholly-owned subsidiary of Baidu Group, is expected to maintain its subsidiary status and continue to be part of Baidu's business system after the spin-off is completed [3] - Market analysts indicate that Kunlun Chip's independent listing will help highlight its technological value and market potential in the artificial intelligence chip sector [3] - If the application is approved, it will represent another significant move for Baidu's enterprises to expand their presence in the capital markets [3]