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Cambricon Technologies to use capital reserve to offset accumulated losses
The expectation of Baidu's subsidiary chip company Kunlun Core going public is driving Wall Street to reassess Baidu's value, with the valuation logic shifting from traditional businesses to hard technology assets centered around chips. Macquarie Securities estimates that Baidu's 59% stake in Kunlun Core is valued at approximately $16.5 billion, accounting for about 30% of its target valuation for Baidu. Kunlun Core's revenue is expected to double next year to around $1.4 billion, placing it in the same tier as Cambricon
