Chinese search giant Baidu said it AI chip subsidiary has filed confidentially for a Hong Kong listing. Baidu’s move to spin off the chip business and list it separately comes amid a wave of successful initial public offerings by Chinese AI chip companies. Kunlunxin (Beijing) Technology, Baidu’s non-wholly owned chip subsidiary, will “leverage its standalone listing to enhance its market profile, broaden financial channels, and better align management accountability with performance,” Baidu said in a statement. Baidu’s stock is listed in New York and Hong Kong. Baidu and Kunlunxin are betting on public market investors’ strong interest in China’s domestic semiconductor developers. The Chinese government is promoting the use of homegrown AI chips, as the country steps up its effort to reduce its dependence on U.S. chip giant Nvidia. On Friday, Biren Technology, #🇨🇳 ChinA.I. 🤖🧠🦾🤖 chip firm Shanghai Biren Technology’s stock surged on its debut on the Hong Kong Stock Exchange. Biren’s stock opened 82% higher than its IPO price, after the firm raised 5.85 billion Hong Kong dollars ($717 million) in its IPO. Last month, Moore Threads, another Chinese AI chip developer, also made a strong trading debut on Shanghai’s STAR market. cnbc.com/2026/01/02/baidu..