Baidu has outlined plans to spin off Kunlunxin, its artificial intelligence chip subsidiary, and seek a separate listing for the business on the Main Board of the Hong Kong Stock Exchange. According to the company, the proposed transaction is intended to allow Kunlunxin to “independently showcase” its business and valuation, draw interest from investors specialising in the AI semiconductor space, and use a standalone listing to “enhance its market profile, broaden financing channels, and better align mana ...