{"id":89112,"date":"2026-06-29T06:16:09","date_gmt":"2026-06-29T06:16:09","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/89112\/"},"modified":"2026-06-29T06:16:09","modified_gmt":"2026-06-29T06:16:09","slug":"baidu-shares-jump-7-as-ai-chip-arm-kunlunxin-said-to-target-50-billion-hong-kong-ipo","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/89112\/","title":{"rendered":"Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO"},"content":{"rendered":"<p>A general view of the Baidu logo is seen at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai, China, on July 28, 2025.<\/p>\n<p>Ying Tang | Nurphoto | Getty Images<\/p>\n<p>Hong Kong-listed shares of <a href=\"https:\/\/www.cnbc.com\/quotes\/9888-HK\/\" rel=\"nofollow noopener\" target=\"_blank\">Baidu<\/a> surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion. <\/p>\n<p>Prospective investors were asked to buy semiconductors worth three to seven times the value of their intended investment in Kunlunxin&#8217;s planned listing, The Information <a href=\"https:\/\/www.theinformation.com\/articles\/baidus-chip-unit-asked-ipo-investors-buy-semiconductors\" target=\"_blank\" rel=\"nofollow noopener\">reported<\/a> Sunday, citing two sources familiar with the matter.<\/p>\n<p>Baidu confidentially <a href=\"https:\/\/ir.baidu.com\/news-releases\/news-release-details\/baidu-announces-proposed-spin-and-separate-listing-kunlunxin?referrer=grok.com\" target=\"_blank\" rel=\"nofollow noopener\">filed<\/a> a listing application for Kunlunxin on the Hong Kong Stock Exchange at the start of the year, though offering details, including size and structure, were undecided then.<\/p>\n<p>Kunlunxin chips have drawn interest from ByteDance, the owner of TikTok, according to an earlier Reuters report citing sources.\u00a0<\/p>\n<p>Stock Chart IconStock chart icon<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/p>\n<p>Founded in 2011, Kunlunxin mainly supplies \u200cchips to its parent company Baidu. While Baidu retains a controlling stake, the company operates independently and has broadened its scope to external sales over the past two years.<\/p>\n<p>The report comes as China accelerates efforts to strengthen its position in the increasingly competitive AI sector. <\/p>\n<p>&#8220;Despite Chinese progress, the United States remains for now ahead in the race for dominance over the so-called artificial intelligence hardware stack \u2013 the resources and equipment, especially semiconductors, needed to run AI models,&#8221; according to a report by Brussels-based economic think tank Bruegel. <\/p>\n<p>However, the think tank also noted that &#8220;the signs of Chinese catch-up are real,&#8221; citing factors such as an open-sourced toolkit with a state-backed contributor pipeline and a large enough domestic market that could buoy the ecosystem through its immature phase.<\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A general view of the Baidu logo is seen at the Shanghai New Expo Center during the World&hellip;\n","protected":false},"author":2,"featured_media":89115,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,25,2308,133,148,2350,134],"class_list":["post-89112","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-ai","tag-artificial-intelligence","tag-baidu-inc","tag-breaking-news-technology","tag-business-news","tag-consumer-electronics","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/89112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=89112"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/89112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/89115"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=89112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=89112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=89112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}