[Reports Suggest Baidu's Kunlun Chip Plans Hong Kong IPO with $50 Billion Valuation] According to a report by Jinse Finance on June 29, market sources indicate that Baidu's subsidiary Kunlun Chip is planning to go public in Hong Kong, targeting a valuation of approximately $50 billion. Insiders reveal that Tencent has already become a customer of Kunlun Chip, and ByteDance is also considering adopting its AI chips. Currently, the Kunlun Chip P800 has completed large-scale validation, delivering multiple 10,000-card clusters since 2025 and completing the training of the critical Wenxin 5.1 version on fully domestic clusters.