Rumor: Baidu Kunlun Chip to IPO in Hong Kong, Valuation Target $50 Billion

CoinFeed reported on June 29, according to the Science and Technology Innovation Board Daily, Baidu Group's stock price strengthened today, rising over 8%. It is understood that Baidu's Kunlun Chip plans to list in Hong Kong, targeting a valuation of approximately $50 billion. Informed sources revealed that Tencent has become a customer of Kunlun Chip, and ByteDance is also considering adopting its AI chips. Currently, Kunlun Chip P800 has completed large-scale verification, and since 2025 to date, it has delivered multiple 10,000-card clusters, and completed the training of the important version of Wenxin 5.1 on a fully domestic cluster.