Shares of BIDU80 by KTX surged 5.65% to THB 5.05 each on Monday, December 8, 2025, building on Friday’s 2.1% rise. The gains came as Baidu Inc. revealed plans to list its AI chip division, Kunlunxin, on the Hong Kong Stock Exchange by 2027, according to people familiar with the matter.
The report said the potential IPO could value Kunlunxin at no less than $3 billion. Further details—including the timing and size of the offering—remain under deliberation at this early stage.
Kunlunxin specializes in chips for powering data center servers. News of the possible listing triggered a rally in Baidu’s shares last Friday in Hong Kong, which climbed as much as 7.8%—the most significant intraday gain since September 17—after Reuters reported on the talks. The share price of BIDU extends gain by 3.3% on Monday, following a 5% rise last Friday.
Kunlunxin is among a select group of Chinese firms designing advanced accelerators needed for AI development. These efforts are part of China’s broader push to reduce dependency on US-made technology such as Nvidia chips. Alongside Huawei Technologies Co. and Cambricon Technologies Corp., Kunlunxin aims to address the gap created after Nvidia’s restricted access to the Chinese semiconductor market.