Baidu's AI Chip Unit Kunlunxin Eyes Hong Kong Listing
Update: 2025-12-05
Description
Baidu, the Chinese tech giant, is contemplating listing its AI chip business, Kunlunxin, on the Hong Kong stock exchange to attract investors interested in Chinas advanced chip development. Kunlunxin, valued at a minimum of three billion dollars, is one of a few Chinese companies capable of designing powerful AI chips. This move comes as China pushes for domestic technology development and reduces reliance on foreign tech products. Baidus shares in Hong Kong surged following the reports, indicating a positive market reaction. Kunlunxins potential listing could make it a major player in the AI chip sector, filling the gap left by Nvidias reduced presence in the Chinese market.
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