Baidu weighs spin-off and separate listing of Kunlunxin chip unit · TechNode

Baidu mulls Hong Kong spin-off of Kunlunxin chip unit as China tech deals surge

Baidu’s Kunlunxin unit is eyeing a Hong Kong listing amid brisk deal activity among China’s chipmakers.

Baidu weighs spin-off and separate listing of Kunlunxin chip unit · TechNode

Baidu said in a filing to the Hong Kong stock exchange that media reports claiming the company plans to spin off its non-wholly owned subsidiary Kunlunxin (Beijing) Technology Co., Ltd. for an independent listing are inaccurate. The company said it is assessing a potential spin-off and listing of the unit. Any such move would be subject to regulatory approvals, and Baidu made no assurance that the proposed transaction will proceed. Kunlunxin (Be…