Baidu clarifies rumors of Kunlun chip separation and listing: Evaluation is ongoing, but no conclusion has been reached yet.
Baidu Group-SW (09888) announced that the company has noticed media reports on December 5, 2025, stating that the company plans to spin off its non-wholly owned subsidiary Kunlunxin (Beijing) Technology Co., Ltd. for independent listing. The company hereby clarifies that it is currently evaluating the proposed spin-off and listing. If the proposed spin-off and listing proceed, it will require regulatory approval and the company does not guarantee that the proposed spin-off and listing will be carried out.
BIDU-SW (09888) has issued an announcement, stating that the company noted media reports on December 5, 2025, regarding the company's plan to spin off its non-wholly-owned subsidiary Kunlunxin (Beijing) Technology Co., Ltd. for an independent listing. The company hereby clarifies that it is currently evaluating the proposed spin-off and listing. If the proposed spin-off and listing are to proceed, it will be subject to regulatory approval processes, and the company does not guarantee that the proposed spin-off and listing will take place.
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