The domestic AI chip industry has made remarkable strides. On May 7, 2026, Kunlunxin (Beijing) Technology Co., Ltd. officially embarked on its IPO preparation journey on the STAR Market, with China International Capital Corporation serving as its IPO advisor. This preparation phase is anticipated to extend into the latter half of 2026. Earlier, on January 1, 2026, the company had discreetly filed its application for a main board listing with the Hong Kong Stock Exchange, signaling Kunlunxin's proactive pursuit of a dual-listing strategy across both the 'A' (domestic) and 'H' (Hong Kong) markets.

Kunlunxin, previously known as Baidu's Intelligent Chip and Architecture Department, counts Baidu as its majority shareholder. In recent years, Kunlunxin has exhibited robust financial performance, with its AI server solution, powered by the Kunlunxin P800 chip, demonstrating formidable competitiveness. In China Mobile's 2025 AI server procurement initiative, valued at over 5 billion yuan, Kunlunxin secured a dominant portion of the critical segments. Securities firms forecast that Kunlunxin's annual revenue for 2026 could soar to between 6.5 and 8.3 billion yuan. Should the dual-listing be successfully executed, Kunlunxin will secure enhanced financial backing to further cement its preeminent standing in the AI chip sector.