百度公司：评估芯片子公司昆仑芯分拆上市潜力，解锁价值的一步；评级 “买入”

Equity Research 9 December 2025 | 9:05PM HKT Baidu.com Inc. (BIDU): Baidu assessing chip subsidiary Kunlunxin's potential spin-off and listing, a step toward unlocking value; Buy What happened: On Dec. 7, Baidu issued a voluntary announcement noting it is in the process of assessing Kunlunxin (Kunlun chip) for a 'Proposed Spin-off and Listing'. Per the release, if it proceeds, the proposed spin-off and listing would be subject to the relevant regulatory approval process. Separately, per a Reuters article, a ...