The Zhitong Finance App learned that on Friday, Baidu (BIDU.US) surged more than 10% in the premarket to $144.10. Furthermore, Baidu (09888.HK) Hong Kong stock also rose more than 9% today, hitting a two-year high. According to the news, Baidu Group announced that on January 1, 2026, Kunlunchip has submitted a listing application form (A1 form) to the Hong Kong Stock Exchange in a confidential form through its co-sponsor to apply for approval of the listing and trading of Kunlunchip shares on the main board of the Hong Kong Stock Exchange. After the proposed spin-off is completed, it is expected that Kunlun Core will remain a subsidiary of the company.

The Zhitong Finance App learned that on Friday, Baidu (BIDU.US) surged more than 10% in the premarket to $144.10. Furthermore, Baidu (09888.HK) Hong Kong stock also rose more than 9% today, hitting a two-year high. According to the news, Baidu Group announced that on January 1, 2026, Kunlunchip has submitted a listing application form (A1 form) to the Hong Kong Stock Exchange in a confidential form through its co-sponsor to apply for approval of the listing and trading of Kunlunchip shares on the main board of the Hong Kong Stock Exchange. After the proposed spin-off is completed, it is expected that Kunlun Core will remain a subsidiary of the company.