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BIDU-SW Dives 4%+ as Subsidiary Kunlunxin Purportedly Targets at Least RMB100B Valuation for HK IPO
BIDU-SW (09888.HK)'s subsidiary Kunlunxin is seeking a listing in Hong Kong with a target valuation of at least RMB100 billion, the South China Morning Post reported, citing pe...
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BIDU-SW Dives 4%+ as Subsidiary Kunlunxin Purportedly Targets at Least RMB100B Valuation for HK IPO
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BIDU-SW (09888.HK)  -5.100 (-3.620%)    Short selling $308.75M; Ratio 20.210%   's subsidiary Kunlunxin is seeking a listing in Hong Kong with a target valuation of at least RMB100 billion, the South China Morning Post reported, citing people with the knowledge of the matter.

BIDU-SW's share price opened 3.79% lower today (11th), hitting a trough of HKD138.4. It last traded at HKD138.9, down 4.34%, with turnover of 5.4501 million shares, involving HKD766 million.

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Kunlunxin plans to conduct an IPO and list on the STAR Market, having commenced listing guidance, with CICC as the tutoring institution, filing from the China Securities Regulatory Commission showed.

In January this year, BIDU-SW announced that Kunlunxin had confidentially submitted its listing application form to the Hong Kong Stock Exchange through its joint sponsors.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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