On December 16, Kunlunxin (Beijing) Technology Co., Ltd. underwent significant industrial and commercial modifications. The firm's name was officially updated to Kunlunxin (Beijing) Technology Joint-Stock Co., Ltd. Its registered capital witnessed a substantial surge, escalating from roughly 21.28 million yuan to an impressive 400 million yuan, marking an approximate 1780% increase. Concurrently, there have been alterations in some key senior management positions. Earlier, Baidu Group had released a statement in response to media reports concerning the proposed spin-off and subsequent independent listing of Kunlunxin. The statement clarified that the group was currently in the process of evaluating the feasibility of the proposed spin-off and listing. Should the plan materialize, it would necessitate obtaining pertinent regulatory approvals. Moreover, the group emphasized that there is no certainty that the spin-off and listing will definitely occur.