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Reports say Baidu Kunlun Chip is planning to IPO in Hong Kong, with a valuation target of $50 billion.

金色财经_
Golden Finance reported that on June 29, according to market sources, Baidu’s Kunlun Chip plans to list in Hong Kong, targeting a valuation of about $50 billion. Insiders said Tencent has become a Kunlun Chip customer, and ByteDance is also considering adopting its AI chips. Currently, the Kunlun Chip P800 has completed large-scale verification; since 2025, it has delivered multiple 10,000-card clusters, and has completed training for the key Wenxin 5.1 version on fully domestic clusters.
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