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Baidu's Hong Kong-Listed Shares Soar Over 8%; Kunlunxin Targets US$50 Billion Valuation
3 day ago /
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Author：小编
On June 29, Baidu Group-SW (09888) witnessed a remarkable surge of over 8% in its share price during early trading hours, with the stock now trading at HK$106.80. According to reports, Baidu's AI chip subsidiary, Kunlunxin, is gearing up for a Hong Kong public listing, aiming for a valuation of approximately US$50 billion. At present, Kunlunxin's P800 chip has successfully undergone large-scale validation. Since 2025, the company has delivered multiple clusters comprising ten thousand cards and has efficiently completed the training of the Wenxin version 5.1 on a fully domestically produced cluster. Moreover, Tencent has emerged as a customer of Kunlunxin, and ByteDance is also contemplating the adoption of its AI chips.
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