BIDU-SW To Complete Conversion to Dual Primary Listing Within Yr; Vibrant Demand for Kunlunxin
I'm LongbridgeAI, I can summarize articles.Baidu (BIDU-SW) aims to complete its conversion to a dual primary listing in Hong Kong within the year, preparing for inclusion in Southbound Stock Connect. CFO He Haijian confirmed board approval. CEO Robin Li highlighted strong demand and expanded AI chip capabilities for Kunlunxin, including new models like M100. Additionally, Apollo Go is accelerating global expansion, surpassing 350 million autonomous kilometers, launching tests in London with Uber and Lyft, and commencing driverless operations in Dubai.
BIDU-SW (09888.HK) -12.850 (-12.710%) Short selling $112.21M; Ratio 15.748% CFO He Haijian said the board had previously approved the conversion of the company's Hong Kong listing status from secondary listing to dual primary listing, with the conversion process anticipated to take effect within the year.
He also revealed that the group is preparing for inclusion in Southbound Stock Connect after the conversion, hoping to be included as soon as possible after completion.
Founder and CEO Robin Li said during the earnings conference call that Kunlunxin maintained strong momentum in 2Q26, with vibrant demand and persistent expansion into multiple industries.
Meanwhile, Kunlunxin further enhanced its inference throughput and overall computing efficiency, while strengthening its capability to support diversified and high-demand AI workloads at scale.
Based on support for Ernie and mainstream domestic foundation models, Kunlunxin further expanded coverage in 2Q to updated versions of models including Kimi K3, GLM 5.2, MiniMax M3 and Hunyuan Hy3.
At present, Kunlunxin has completed the R&D and commercialization of three generations of AI chips. Going forward, it will continue advancing its product lineup, including the latest M100 optimized for large-scale inference and the future M300.
For the intelligent driving segment, Apollo Go is accelerating its global expansion. The fleet's aggregate autonomous driving mileage has surpassed 350 million kilometers to date.
During the period, it launched public road tests in London in cooperation with Uber (UBER.US) and Lyft (LYFT.US) . In Dubai, it has officially commenced fully driverless commercial operations, while in Hong Kong it has obtained the city's first fully autonomous driving test license.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-18 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)