Baidu CFO Henry He says the company plans to spin off and list its chip unit Kunlunxin in Hong Kong and Shanghai in 2026, making it more like a “neutral player”
Plans to spin off and list Kunlunxin Technology in Hong Kong and Shanghai are on track — Baidu expects to list its chip unit …
Filings: Baidu's AI chip unit Kunlunxin is planning a dual IPO in Shanghai and Hong Kong, sources say valuing it at $14.69B+; Baidu has a 58% stake in Kunlunxin
Baidu Inc.'s chip unit Kunlunxin is planning an initial public offering on Shanghai's Nasdaq-style bourse in addition to a separate listing plan …
Baidu acquires the YY Live streaming platform from Joyy for $2.1B, completing a deal started in 2020; a previous $3.6B deal was rejected by Chinese regulators
Vlad Savov / Bloomberg :
Filing: Baidu terminates its $3.6B acquisition of Joyy's Chinese livestreaming business YY Live, as some conditions haven't been met; Joyy seeks legal advice
Bloomberg :
Filing: Baidu's $3.6B deal to buy Joyy's Chinese livestreaming business YY Live, announced in 2020, expires as China regulators didn't approve it by December 31
Bloomberg :
Baidu says it will buy Joyy's Chinese livestreaming business, YY Live, which touts 4M paying users who can tip their favorite performers, for ~$3.6B
Zheping Huang / Bloomberg :
Baidu announces Totem Point token for users of its new Totem stock photo sharing service, which uses the company's blockchain for validating ownership of photos
Wolfie Zhao / CoinDesk :
Baidu to spin out and sell majority stake in its Global DU unit that runs some Baidu-owned apps and its ads business outside of China
Jon Russell / TechCrunch :
Sources: Alibaba to buy out Baidu and other investors in food-delivery service Ele.me, making it the biggest player in China's online food delivery market
Alibaba is said to want Ele.me's last-mile delivery network — Ele.me had acquired Baidu's food delivery business in August
Baidu sells its Xiaodu food delivery business to Rajax's Ele.me; estimate puts value of the deal at ~$800M
Ingrid Lunden / TechCrunch :