{"id":262759,"date":"2026-01-02T03:44:06","date_gmt":"2026-01-02T03:44:06","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/262759\/"},"modified":"2026-01-02T03:44:06","modified_gmt":"2026-01-02T03:44:06","slug":"baidus-ai-chip-arm-kunlunxin-files-confidentially-for-hong-kong-listing-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/262759\/","title":{"rendered":"Baidu\u2019s AI chip arm Kunlunxin files confidentially for Hong Kong listing"},"content":{"rendered":"

Jan 2 (Reuters) – Chinese internet search giant Baidu (9888.HK), opens new tab<\/a> 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.Reuters had earlier reported<\/a> that Kunlunxin was planning for a Hong Kong initial public offering after completing a fundraising that valued it at 21 billion yuan ($3 billion).<\/p>\n

Sign up here.<\/a><\/p>\n

China is pushing to develop domestic alternatives to U.S. semiconductors amid escalating Washington export restrictions on advanced chips, and several other Chinese AI chip companies have announced public share debuts.<\/p>\n

Earlier this week, Chinese AI startup MiniMax said<\/a> it expects to raise up to HK$4.19 billion ($538 million) in its Hong Kong offering, and semiconductor designer Shanghai Biren Technology (6082.HK), opens new tab<\/a> raised<\/a> HK$5.58 billion in its public offering, according to an exchange filing.Semiconductor specialists OmniVision Integrated Circuits<\/a> (603501.SS), opens new tab<\/a> and GigaDevice Semiconductor<\/a> (603986.SS), opens new tab<\/a> have also started bookbuilding for IPOs, aiming to raise about $600 million each.<\/p>\n

Hong Kong raised $36.5 billion from 114 new listings in 2025, its strongest year since 2021, and more than triple the $11.3 billion raised in 2024, LSEG data shows.<\/p>\n

After the proposed spin-off, Kunlunxin is expected to remain a subsidiary of Baidu, the company said.<\/p>\n

Details such as the offering size and structure have not been finalised yet, it said.<\/p>\n

Founded in 2012 as an internal business unit developing AI chips for Baidu, Kunlunxin has since become independently operated, although Baidu retains a controlling stake.<\/p>\n

Kunlunxin mainly supplies chips to Baidu but has expanded external sales over the past two years.<\/p>\n

($1 = 6.9931 yuan)<\/p>\n

($1 = 7.7847 Hong Kong dollars)<\/p>\n

Reporting by Sneha Kumar in Bengaluru; Editing by Tom Hogue<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Jan 2 (Reuters) – Chinese internet search giant Baidu (9888.HK), opens new tab said on Friday its AI…\n","protected":false},"author":2,"featured_media":216434,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,82793,289,290,2786,82703,82499,36586,8535,84433,82500,53515,82502,82529,82710,101196,82702,18,82578,97937,45748,19,11092,17,134034,107249,82799,82510,82512,84338,82800,82801,753,82,82999,30150],"class_list":{"0":"post-262759","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-arti","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-asia","13":"tag-asxpac","14":"tag-bact","15":"tag-biz","16":"tag-chip","17":"tag-chip1","18":"tag-cmpny","19":"tag-cn","20":"tag-deal1","21":"tag-destoustcm","22":"tag-destseabs","23":"tag-dvst","24":"tag-easia","25":"tag-eire","26":"tag-emrg","27":"tag-fine1","28":"tag-gen","29":"tag-ie","30":"tag-ipo","31":"tag-ireland","32":"tag-list1","33":"tag-mevn","34":"tag-netsv","35":"tag-publ","36":"tag-sci","37":"tag-semi","38":"tag-srchen","39":"tag-swit","40":"tag-tech","41":"tag-technology","42":"tag-teeq","43":"tag-tmt"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115823448056772949","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/262759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=262759"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/262759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/216434"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=262759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=262759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=262759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}