Baidu AI Chip Unit's Hong Kong IPO Is Said to Slip to Next Year

Baidu’s AI chip unit IPO in Hong Kong is said to be slipping to next year, according to people familiar with the matter cited in the report. A Baidu representative pushed back on “market rumors,” saying the company rejects those claims and will issue a public announcement once there is further progress on the listing process. The brief update does not provide a new timetable or confirm any revised offering details. The only clear takeaway is that the company is emphasizing uncertainty around timing, while preparing a formal statement “in due course” regarding where the listing stands. Investors may need to wait for official guidance.