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<Research>Citi: BIDU-SW's Kunlunxin Potential IPO and Proposed Div. This Yr Seen as Upside Catalysts
According to recent media reports, BIDU-SW (09888.HK)'s chip subsidiary Kunlunxin is applying for a listing in Hong Kong while also planning to list on Shanghai's STAR Mark...
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<Research>Citi: BIDU-SW's Kunlunxin Potential IPO and Proposed Div. This Yr Seen as Upside Catalysts
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According to recent media reports, BIDU-SW (09888.HK)  -2.200 (-1.575%)    Short selling $465.25M; Ratio 21.430%   's chip subsidiary Kunlunxin is applying for a listing in Hong Kong while also planning to list on Shanghai's STAR Market, Citi said in a research report.

The broker believed this is a common strategy among Chinese semiconductor companies and expected management to provide more details on the listing timetable and procedures during the 1Q earnings conference call to be held on May 18.

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The broker also expected updates on the company’s full-stack AI product developments at Baidu Create 2026, slated for May 13-14. Entering the 1Q earnings release season, Citi forecast that Baidu, Inc.’s strong AI cloud infrastructure revenue will grow 45% YoY.

Citi maintained its Buy rating on Baidu, Inc., with a target price of USD186.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)

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