Kunlunxin starts dual-listing process in Shanghai and Hong Kong
Updated
Updated · MarketWatch · May 8
Kunlunxin starts dual-listing process in Shanghai and Hong Kong
13 articles · Updated · MarketWatch · May 8
The Baidu unit signed a tutoring agreement with China International Capital Corp on 29 April and had already filed for a Hong Kong IPO in January.
Analysts expect the Hong Kong listing in late second quarter or early third quarter as Baidu pushes chips, AI and self-driving to offset slowing advertising growth.
Spun off in 2021, Kunlunxin is seen as a key Baidu asset; Nomura forecasts 2026 revenue of 6.6 billion yuan amid a broader wave of AI listings.
With US sanctions looming, can Baidu's chip unit IPO truly challenge Nvidia's AI dominance?
Baidu's profits are falling, so why is it spinning off its prized AI chip unit now?