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Baidu's Hong Kong-listed shares surged over 8%, with Kunlun Core valuation targeting $50 billion.

MarsBitNews
Mars Finance News reports that on June 29, Baidu Group-SW’s share price rose by more than 8%. It is reported that Baidu’s subsidiary Kunlun Chip plans to list in Hong Kong, targeting a valuation of approximately $50 billion. At present, Kunlun Chip P800 has completed large-scale validation; from 2025 to date, it has delivered multiple 10,000-card clusters and has completed training for the important version of ERN (Wenxin) 5.1 on fully domestic clusters.
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