HomeBaidu's AI Chip Unit Kunlun Launches IPO on Shanghai's STAR Market
The domestic AI chip industry has achieved a significant breakthrough. On May 7, 2026, Kunlun Chip (Beijing) Technology Co., Ltd. officially announced the commencement of its listing guidance process on the STAR Market. Reports indicate that China International Capital Corporation is handling this guidance, with the entire procedure anticipated to conclude in the second half of 2026.
In reality, Kunlun Chip's capital market strategy has already accelerated. The company had previously submitted a confidential application for a main board listing to the Hong Kong Stock Exchange on January 1, 2026. The initiation of STAR Market guidance now marks a formal step forward in Kunlun Chip's ambitious "A+H" dual-listing plan.
Kunlun Chip originated as the AI chip and architecture division of Baidu, which remains its controlling shareholder. As a leading hard-tech company cultivated within Baidu, Kunlun Chip has demonstrated robust financial growth in recent years. Its core market competitiveness is rooted in strong product execution, notably through its Kunlun Chip P800 AI server solution, which has allowed the company to win competitive tenders.
In recent market expansion efforts, Kunlun Chip has delivered remarkable results. During China Mobile's 2025 AI server procurement project, valued at over 5 billion yuan, Kunlun Chip secured the majority of key segments. This landmark order not only validates the commercial strength of its products but also provides a significant boost to its future performance outlook.
Industry analysts express optimism regarding Kunlun Chip's prospects. According to securities firm forecasts, with the ongoing surge in demand for AI computing power, the company's full-year revenue for 2026 is projected to reach between 6.5 and 8.3 billion yuan. A successful dual listing would provide Kunlun Chip with more substantial financial resources, further cementing its leadership in the high-performance computing sector.
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The domestic AI chip industry has achieved a significant breakthrough. On May 7, 2026, Kunlun Chip (Beijing) Technology Co., Ltd. officially announced the commencement of its listing guidance process on the STAR Market. Reports indicate that China International Capital Corporation is handling this guidance, with the entire procedure anticipated to conclude in the second half of 2026.
In reality, Kunlun Chip's capital market strategy has already accelerated. The company had previously submitted a confidential application for a main board listing to the Hong Kong Stock Exchange on January 1, 2026. The initiation of STAR Market guidance now marks a formal step forward in Kunlun Chip's ambitious "A+H" dual-listing plan.
Kunlun Chip originated as the AI chip and architecture division of Baidu, which remains its controlling shareholder. As a leading hard-tech company cultivated within Baidu, Kunlun Chip has demonstrated robust financial growth in recent years. Its core market competitiveness is rooted in strong product execution, notably through its Kunlun Chip P800 AI server solution, which has allowed the company to win competitive tenders.
In recent market expansion efforts, Kunlun Chip has delivered remarkable results. During China Mobile's 2025 AI server procurement project, valued at over 5 billion yuan, Kunlun Chip secured the majority of key segments. This landmark order not only validates the commercial strength of its products but also provides a significant boost to its future performance outlook.
Industry analysts express optimism regarding Kunlun Chip's prospects. According to securities firm forecasts, with the ongoing surge in demand for AI computing power, the company's full-year revenue for 2026 is projected to reach between 6.5 and 8.3 billion yuan. A successful dual listing would provide Kunlun Chip with more substantial financial resources, further cementing its leadership in the high-performance computing sector.
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