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Baidu's Kunlun Chip Pursues Dual Listings on Shanghai STAR Board and Hong Kong, Valued Above $30 Billion

GateNews

Stocks AI Industry News

2026-05-08 08:25:44

According to Bloomberg, Baidu’s artificial intelligence chip subsidiary Kunlun Chip is pursuing dual listings on Shanghai’s STAR Board and Hong Kong. The company, 58% owned by Baidu, has submitted an IPO application to China’s securities regulator via China International Capital Corporation and previously filed a confidential Hong Kong listing application earlier this year. With an estimated valuation exceeding $30 billion, Jefferies analysts expect Kunlun Chip’s Hong Kong IPO to complete in Q3 2026, while the Shanghai listing would provide easier access to domestic investor funding.

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