On December 7, Baidu Group released an announcement on the Hong Kong Stock Exchange to clear up media speculations surrounding the proposed spin - off and independent listing of its non - wholly owned subsidiary, Kunlunxin (Beijing) Technology Co., Ltd. Baidu mentioned that it is presently in the process of evaluating the proposed spin - off and listing. If the company decides to move forward with this plan, it will need to obtain relevant regulatory approvals. Moreover, there is no certainty that the spin - off and listing will actually take place.

Earlier reports had suggested that Kunlunxin had already started making preparations for a Hong Kong listing. It intended to submit a listing application in the first quarter of 2026 and complete its Initial Public Offering (IPO) in early 2027. The latest estimated financing valuation stood at around RMB 21 billion.

Influenced by this news, Baidu's stock price on the Hong Kong Stock Exchange soared by 5% on December 5. Kunlunxin, a subsidiary of Baidu, is dedicated to AI chip research and development. Its products are mainly utilized in data centers, cloud computing, and autonomous driving sectors.