刚刚，百度正式公告！

Core Viewpoint - Baidu's subsidiary Kunlun Chip has initiated the process for a potential IPO in Hong Kong, aiming for a public offering that could enhance its market position and funding capabilities [1][3]. Group 1: IPO Announcement - On January 1, Kunlun Chip submitted a listing application to the Hong Kong Stock Exchange through its joint sponsors, seeking approval for its shares to be traded on the main board [1]. - The proposed spin-off will involve a global offering, including a public sale in Hong Kong and allocations 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 post-spin-off [1]. Group 2: Valuation and Market Impact - Reports indicate that Kunlun Chip's latest financing round has reached a valuation of approximately 21 billion RMB (about 2.97 billion USD) [3]. - Following the announcement of the IPO plans, Baidu's stock price surged by 5% in the Hong Kong market [4]. Group 3: Business Focus - Kunlun Chip specializes in AI chip development, with its products primarily used in data centers, cloud computing, and autonomous driving sectors [5].