Chinese internet search giant Baidu said on Friday its AI chip unit Kunlunxin has confidentially filed a listing application with the Hong Kong stock exchange on January 1, paving the way for a spin-off and separate listing.

Baidu's Hong Kong-listed shares rose over 6% amid reports that its AI chip unit Kunlunxin is targeting a $50 billion initial public offering in the city.

Baidu, Inc. has announced plans for a spin-off and separate listing of its subsidiary Kunlunxin, aimed at increasing visibility and attracting AI investment.

China's Zhipu AI released its latest artificial intelligence model on Wednesday, joining a wave of domestic rivals unveiling more sophisticated versions of the technology ahead of the Lunar New Year f...

Baidu’s AI chip unit Kunlunxin is heading toward a dual listing in Shanghai and Hong Kong, with Bloomberg reporting a Hong Kong IPO that could raise as much as $2 billion and earlier filings showing the unit already submitted its application to the Hong Kong exchange, turning China’s chip independence push into a public-market financing story. The unit at the center of the deal is Kunlunxin, Baidu’s artificial intelligence chip subsidiary based in Beijing. Baidu said in its filing that the business is being carved out because a separate listing would better reflect its value and appeal to investors focused on general-purpose AI computing chips and related hardware-software systems. The company also said it would remain the controlling shareholder after the spin-off, which means this is not a full exit. It is a financing event designed to unlock capital while keeping strategic control inside the Baidu group. The reported filing timetable suggests the process is already underway. Baidu confidentially filed Kunlunxin’s Hong Kong listing application on Jan. 1, 2026, and Bloomberg later reported that the unit hired China International Capital Corp., Citic Securities, Huatai Securities, and China Securities International to lead the offering, with proceeds that may reach $2 billion...

China's focus on pushing domestic chips could make Baidu's chip unit, Kunlunxin, a fast-growing business for the company.

Baidu has announced plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list the new firm on the Hong Kong Stock Exchange.

Baidu confidentially filed for Kunlunxin AI chip unit Hong Kong IPO valued at $3B as China pushes semiconductor independence.

Baidu wil zijn AI-chipafdeling Kunlunxin naar de beurs brengen. Dat zou al begin volgend jaar moeten gebeuren. Dat schrijft Reuters, maar Baidu en Kunlunxin bevestigen het nieuws niet. China wil via de beursgang zijn onafhankelijkheid op de chipmarkt sneller laten groeien.

Baidu has announced plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list the new firm on the Hong Kong Stock Exchange.

Baidu has announced plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list the new firm on the Hong Kong Stock Exchange.

Kunlunxin, the AI chip unit of Chinese internet search giant Baidu , is planning an initial public offering in Hong Kong, having recently completed a fundraising that valued it at 21 billion yuan ($2.97 billion), three people familiar with the matter told Reuters.

Kunlunxin may bag a $50 bln valuation, up 17-fold in ​months as semiconductor shortages ​continue, accounting for most of its ⁠top owner’s worth. The ​implied 25 times sales is akin ​to listed rivals. But the speed and disconnect highlight how the market ​is running uncomfortably hot.

A Baidu Affiliate Aims to Raise $50 Billion in Hong Kong IPO The Information reported Sunday that Baidu’s AI chip unit, Kunlunxin, is planning a…

Sneha Kumar / Reuters: **Baidu's AI chip unit Kunlunxin confidentially files for a Hong Kong IPO, paving the way for a spin-off; a recent fundraising reportedly valued it at ~$3B**   —  Chinese internet search giant Baidu (9888.HK) said on Friday its AI chip unit Kunlunxin has confidentially filed a listing application …