---
title: "Kunlun Core secretly submitted a report, prioritizing investors from existing Baidu shareholders"
description: "In early 2026, Baidu Group announced that its non-wholly-owned subsidiary Kunlun Core has submitted a main board listing application to the Hong Kong Stock Exchange. Kunlun Core is expected to start i"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/275972618.md"
published_at: "2026-02-14T09:00:08.000Z"
---

# Kunlun Core secretly submitted a report, prioritizing investors from existing Baidu shareholders

> In early 2026, Baidu Group announced that its non-wholly-owned subsidiary Kunlun Core has submitted a main board listing application to the Hong Kong Stock Exchange. Kunlun Core is expected to start its investor roadshow after the Spring Festival, prioritizing existing shareholders of Baidu. Its valuation after the D round financing in July 2025 was 21 billion yuan

At the beginning of 2026, Baidu Group announced that its non-wholly-owned subsidiary Kunlun Core has submitted a main board listing application to the Hong Kong Stock Exchange in a confidential manner through joint sponsors. According to informed sources, Kunlun Core is expected to start its investor roadshow after the Spring Festival, with priority given to existing institutional shareholders of Baidu. It is reported that Kunlun Core's post-investment valuation after the D round financing in July 2025 was 21 billion yuan. (Sina Finance)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.