Kunlunxin, Baidu’s semiconductor subsidiary, seeks a $14.7 billion valuation ahead of its planned listing in Hong Kong.
Baidu’s artificial intelligence chip unit Kunlunxin is pursuing a minimum valuation of $14.7 billion for its upcoming Hong Kong stock exchange listing. The move marks a significant step in the company’s expansion into the semiconductor sector amid rising demand for AI hardware.
The valuation target follows preparations for the IPO, though no formal filing has been announced. Baidu, a leader in China’s AI industry, has increasingly focused on hardware development to complement its software and cloud services.
Market reaction remains unclear as details of the offering, including timing and size, have not been disclosed.