Baidu’s AI Chip Unit Kunlun Xin Eyes HK IPO With $50 Billion Valuation Target

Tiger Newspress

5小時前

Citing The Information, Kunlunxin, Baidu’s AI chip subsidiary, is planning an IPO in Hong Kong with a target valuation of approximately US$50 billion.

People familiar with the matter disclosed that TENCENT has become a client of Kunlunxin, while ByteDance is also weighing the adoption of its AI chips. The company’s Kunlunxin P800 has passed large-scale verification.

Since 2025, multiple ten-thousand-card clusters have been delivered, and the important Wenxin 5.1 model has been trained on an all-domestic chip cluster.

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