In early 2026, Baidu Group announced that its non-wholly owned subsidiary, Kunlun Core, had submitted a main board listing application to the Hong Kong Stock Exchange through joint sponsors in a confidential manner. According to sources, Kunlun Core is expected to launch investor roadshows after the Spring Festival, with priority given to existing Baidu shareholders and institutional investors. It is reported that Kunlun Core’s post-investment valuation after the Series D financing in July 2025 was 21 billion yuan. (Sina Technology)
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Kunlun Xin secretly submits application for main board listing on HKEX; investors are prioritized to existing Baidu shareholders
In early 2026, Baidu Group announced that its non-wholly owned subsidiary, Kunlun Core, had submitted a main board listing application to the Hong Kong Stock Exchange through joint sponsors in a confidential manner. According to sources, Kunlun Core is expected to launch investor roadshows after the Spring Festival, with priority given to existing Baidu shareholders and institutional investors. It is reported that Kunlun Core’s post-investment valuation after the Series D financing in July 2025 was 21 billion yuan. (Sina Technology)