Dec. 8 at 1:08 AM
🤖 BAIDU SLAPS DOWN KUNLUNXIN SPIN-OFF RUMORS
Media gets all hot and bothered over Baidu ditching its AI chip kid for a Hong Kong IPO, but
$BIDU drops the ultimate buzzkill: "We're just thinking about it, chill." Classic China tech tease.
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$BIDU "assessing" spin-off of Kunlunxin AI chips, no deal locked yet
⚡️ Rumors claimed HK listing Q1 2026, full IPO 2027 at
$3B valuation
⚡️ Kunlunxin finally turning profit in 2025 after years in the red
⚡️ Needs Beijing's blessing first, because independence is relative
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$BIDU shares jumped 7.8% on the hype anyway—markets love drama