Baidu Chip Unit's IPO Seems to Be on Track -- Market Talk

Dow Jones04-15

0420 GMT - Baidu's chip unit, Kunlunxin, appears to be on track for its IPO, Barclays analysts say in a note. The IPO could come as early as the end of 2Q or early 3Q, the analysts say. Barclays's recent industry checks suggest solid performance at the chip unit, and it expects the majority of its revenue to come from external customers. While encouraged by the strong growth of its AI business, the analysts remain concerned about Baidu's core legacy advertising business, as chatbots are replacing traditional search use cases and the advertising monetization opportunity through chatbots remains unclear. Barclays maintains an equal weight rating on Baidu's ADR and keeps its target at US$128.00. The ADRs last ended at US$118.23. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

April 15, 2026 00:20 ET (04:20 GMT)

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