Baidu's stock price surged, Kunlun chip plans to go public in Hong Kong with a target valuation of $50 billion

According to The Information, Kunlun Chip, a subsidiary of Baidu, plans to go public in Hong Kong with a target valuation of approximately $50 billion. Tencent has become a Kunlun Core customer, and ByteDance is considering adopting Kunlun Core AI chip. The Kunlun Core P800 has completed large-scale validation and has delivered multiple 10000 card clusters since 2025. It has also completed training for the important version of Wenxin 5.1 on national production clusters.