Baidu Plans 2026 Spin-Off and Dual Listing for Chip Unit Kunlunxin
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Baidu expects to spin off and list its chip unit Kunlunxin in Hong Kong and Shanghai in 2026, Chief Financial Officer Henry He said. The move would separate the chip business from the parent and take it public in both markets.
He said the listing would make Kunlunxin a "neutral player," indicating Baidu sees a standalone structure as a way to position the chip unit more independently.
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@techmemeBaidu CFO Henry He says the company expects to spin off and list its chip unit Kunlunxin in Hong Kong and Shanghai in 2026, making it a "neutral player" (@tracyyyqu / Wall Street Journal) (Visit Techmeme dot com for the link and full conte