China $49 Billion Internet & Cloud-Computing Giant Baidu Plans Dual Listing IPO for AI Chip Subsidiary Kunlunxin in Shanghai & Hong Kong to Raise $1.5 Billion, Previous Funding at $3 Billion (CNY 21 Billion) Valuation, Kunlunxin Founded in 2012 to Develop AI Chips for Baidu (Founded in 2000 by Robin Li Who is Billionaire with $8 Billion Fortune)
9th May 2026 | Hong Kong
China internet & cloud-computing giant Baidu ($49 billion market value) is planning dual listing IPO for AI chip subsidiary Kunlunxin in Shanghai & Hong Kong to raise around $1.5 billion. In 2026 January, Kunlunxin Hong Kong IPO was reported to be raising around $1.5 billion, having previously raised funding at $3 billion (CNY 21 billion) valuation. In 2026 January, Kunlunxin filed for Hong Kong IPO after raising previous funding at $3 billion (CNY 21 billion) valuation. In 2025 December, Baidu was planning for AI chip subsidiary Kunlunxin Hong Kong IPO after raising funding at $3 billion (CNY 21 billion) valuation. Kunlunxin was founded in 2012 to develop AI chips for Baidu. In 2026 January, Baidu was reported to be planning to switch Hong Kong secondary listing to Hong Kong primary listing. Baidu primary listing IPO on Nasdaq was in 2005 & has secondary listing on Hong Kong Exchange (HKEX). Baidu was founded in 2000 by Robin Li who is a billionaire with $8 billion fortune. In 2025 September, Baidu was issuing a $617 million (CNY 4.4 billion) CNY 4-year offshore bonds with 1.9% coupon maturing in 2029. In 2025 March, Baidu issued a $2 billion zero-coupon convertible bonds into online travel platform Trip.com shares at 43% premium over share price of HKD 491. The bonds will be listed on Frankfurt Stock Exchange. In 2025 March, Baidu was planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
“ China $49 Billion Internet & Cloud-Computing Giant Baidu Plans Dual Listing IPO for AI Chip Subsidiary Kunlunxin in Shanghai & Hong Kong to Raise $1.5 Billion, Previous Funding at $3 Billion (CNY 21 Billion) Valuation, Kunlunxin Founded in 2012 to Develop AI Chips for Baidu (Founded in 2000 by Robin Li Who is Billionaire with $8 Billion Fortune) “
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China $51 Billion Internet & Cloud-Computing Giant Baidu Plans to Switch Hong Kong Secondary Listing to Primary Listing, Baidu Primary Listing IPO on Nasdaq in 2005 & Has Secondary Listing on Hong Kong Exchange (HKEX), Baidu Founded in 2000 by Robin Li Who is Billionaire with $8 Billion Fortune, Current Market Value at $51.1 Billion, Share Price +1.8% YTD, +84.7% Last 12 Months & -31.7% Last 5 Years
16th January – China internet & cloud-computing giant Baidu ($51 billion market value) is reported to be planning to switch Hong Kong secondary listing to Hong Kong primary listing. Baidu primary listing IPO on Nasdaq was in 2005 & has secondary listing on Hong Kong Exchange (HKEX). Baidu was founded in 2000 by Robin Li who is a billionaire with $8 billion fortune. Baidu current market value at $51.1 billion, share price +1.8% YTD, +84.7% last 12 months & -31.7% last 5 years. In 2026 January, Baidu AI chip subsidiary Kunlunxin Hong Kong IPO is reported to be raising around $1.5 billion, having previously raised funding at $3 billion (CNY 21 billion) valuation. In 2026 January, Kunlunxin filed for Hong Kong IPO after raising previous funding at $3 billion (CNY 21 billion) valuation. In 2025 December, Baidu was planning for AI chip subsidiary Kunlunxin Hong Kong IPO after raising funding at $3 billion (CNY 21 billion) valuation. Kunlunxin was founded in 2012 to develop AI chips for Baidu. In 2025 September, Baidu was issuing a $617 million (CNY 4.4 billion) CNY 4-year offshore bonds with 1.9% coupon maturing in 2029. In 2025 March, Baidu issued a $2 billion zero-coupon convertible bonds into online travel platform Trip.com shares at 43% premium over share price of HKD 491. The bonds will be listed on Frankfurt Stock Exchange. In 2025 March, Baidu was planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
China $49 Billion Internet & Cloud-Computing Giant Baidu AI Chip Subsidiary Kunlunxin Hong Kong IPO to Raise $1.5 Billion, Previous Funding at $3 Billion (CNY 21 Billion) Valuation, Kunlunxin Founded in 2012 to Develop AI Chips for Baidu (Founded in 2000 by Robin Li Who is Billionaire with $8 Billion Fortune)
8th January – China internet & cloud-computing giant Baidu ($49 billion market value) AI chip subsidiary Kunlunxin Hong Kong IPO is reported to be raising around $1.5 billion, having previously raised funding at $3 billion (CNY 21 billion) valuation. In 2026 January, Kunlunxin filed for Hong Kong IPO after raising previous funding at $3 billion (CNY 21 billion) valuation. In 2025 December, Baidu was planning for AI chip subsidiary Kunlunxin Hong Kong IPO after raising funding at $3 billion (CNY 21 billion) valuation. Kunlunxin was founded in 2012 to develop AI chips for Baidu. Baidu was founded in 2000 by Robin Li who is a billionaire with $8 billion fortune. In 2025 September, Baidu was issuing a $617 million (CNY 4.4 billion) CNY 4-year offshore bonds with 1.9% coupon maturing in 2029. In 2025 March, Baidu issued a $2 billion zero-coupon convertible bonds into online travel platform Trip.com shares at 43% premium over share price of HKD 491. The bonds will be listed on Frankfurt Stock Exchange. In 2025 March, Baidu was planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
China $51 Billion Internet & Cloud-Computing Giant Baidu AI Chip Subsidiary Kunlunxin Files for Hong Kong IPO after Previous Funding at $3 Billion (CNY 21 Billion) Valuation, Kunlunxin Founded in 2012 to Develop AI Chips for Baidu (Founded in 2000 by Robin Li Who is Billionaire with $8 Billion Fortune)
3rd January – China internet & cloud-computing giant Baidu ($51 billion market value) AI chip subsidiary Kunlunxin has filed for Hong Kong IPO after raising previous funding at $3 billion (CNY 21 billion) valuation. In 2025 December, Baidu was planning for AI chip subsidiary Kunlunxin Hong Kong IPO after raising funding at $3 billion (CNY 21 billion) valuation. Kunlunxin was founded in 2012 to develop AI chips for Baidu. Baidu was founded in 2000 by Robin Li who is a billionaire with $8 billion fortune. In 2025 September, Baidu is issuing a $617 million (CNY 4.4 billion) CNY 4-year offshore bonds with 1.9% coupon maturing in 2029. In 2025 March, Baidu issued a $2 billion zero-coupon convertible bonds into online travel platform Trip.com shares at 43% premium over share price of HKD 491. The bonds will be listed on Frankfurt Stock Exchange. In 2025 March, Baidu was planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
China $43 Billion Internet & Cloud-Computing Giant Baidu Plans AI Chip Subsidiary Kunlunxin Hong Kong IPO after Raising Funding at $2.97 Billion (CNY 21 Billion) Valuation, Kunlunxin Founded in 2012 to Develop AI Chips for Baidu (Founded in 2000 by Robin Li Who is Billionaire with $7 Billion Fortune)
6th December – China internet & cloud-computing giant Baidu ($43 billion market value) is planning for AI chip subsidiary Kunlunxin Hong Kong IPO after raising funding at $2.97 billion (CNY 21 billion) valuation. Kunlunxin was founded in 2012 to develop AI chips for Baidu. Baidu was founded in 2000 by Robin Li who is a billionaire with $7 billion fortune. In 2025 September, Baidu is issuing a $617 million (CNY 4.4 billion) CNY 4-year offshore bonds with 1.9% coupon maturing in 2029. In 2025 March, Baidu issued a $2 billion zero-coupon convertible bonds into online travel platform Trip.com shares at 43% premium over share price of HKD 491. The bonds will be listed on Frankfurt Stock Exchange. In 2025 March, Baidu was planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
China $36 Billion Internet & Cloud-Computing Giant Baidu to Issue $617 Million (CNY 4.4 Billion) CNY 4-Year Offshore Bonds with 1.9% Coupon Maturing in 2029
10th September – China internet & cloud-computing giant Baidu ($32 billion market value) is issuing a $617 million (CNY 4.4 billion) CNY 4-year offshore bonds with 1.9% coupon maturing in 2029. In 2025 March, Baidu issued a $2 billion zero-coupon convertible bonds into online travel platform Trip.com shares at 43% premium over share price of HKD 491. The bonds will be listed on Frankfurt Stock Exchange. Earlier in 2025 March, Baidu was planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
China $32 Billion Internet & Cloud-Computing Giant Baidu Issues $2 Billion Zero-Coupon Convertible Bonds into Online Travel Platform Trip.com Shares at +43% Premium Over Share Price of HKD 491, Bonds to be Listed on Frankfurt Stock Exchange
9th March 2025 – China internet & cloud-computing giant Baidu ($32 billion market value) has issued a $2 billion zero-coupon convertible bonds into online travel platform Trip.com shares at 43% premium over share price of HKD 491. The bonds will be listed on Frankfurt Stock Exchange. Earlier in 2025 March, Baidu was planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
China $31 Billion Internet & Cloud-Computing Giant Baidu to Issue $1.3 Billion (CNY 10 Billion) CNY Offshore Bonds in 5-Year Note with 3% Coupon & 10-Year Note with 3.4% Coupon
5th March 2025 – China internet & cloud-computing giant Baidu ($31 billion market value) has been reported to be planning to issue $1.3 billion (CNY 10 billion) of CNY offshore bonds in 5-year note with 3% coupon & 10-year note with 3.4% coupon. In 2025 February, Baidu announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
China $31 Billion Internet & Cloud-Computing Giant Baidu Buys Social Media Platform JOYY Live Streaming Business YY Live for $2.1 Billion, Had Agreed to Buy YY Live for $3.6 Billion in 2020 But Did Not Receive China Government Approval
26th February 2025 – China internet & cloud-computing giant Baidu ($31 billion market value) has announced to buy local media platform JOYY live streaming business YY Live for $2.1 billion. In 2020, Baidu had agreed to buy YY Live for $3.6 billion, but did not receive China government approval.
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