Baidu (BIDU) details proposed Kunlunxin spin-off and HK main board listing

Rhea-AI Filing Summary

Baidu, Inc. has submitted a report indicating that it plans a proposed spin-off and separate listing of its subsidiary Kunlunxin. The transaction is intended to list Kunlunxin on the Main Board of the Stock Exchange of Hong Kong Limited, which would make Kunlunxin an independently traded company in that market. Details such as structure, timing, and financial terms are contained in accompanying press release and announcement documents referenced as exhibits to the report.

Insights

Equity markets and corporate actions analyst

Baidu plans a proposed spin-off and Hong Kong listing of Kunlunxin.

Baidu, Inc. reports that it is pursuing a proposed spin-off and separate listing of its subsidiary Kunlunxin on the Main Board of the Stock Exchange of Hong Kong Limited. A spin-off typically separates a business unit into its own listed entity, which can change how value is reflected between the parent and the newly listed company.

The report points to a press release and an announcement that should contain the detailed terms, including structure, eligibility conditions and any required approvals. Without those details, the potential impact on Baidu’s financial profile, ownership stake in Kunlunxin, or capital structure cannot be assessed from this excerpt alone.

Investors reviewing Baidu and Kunlunxin will likely focus on future disclosures about the specific spin-off mechanics, the proposed listing timetable, and any conditions tied to regulatory or stock exchange approvals once those are described in more detail.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission File Number: 000-51469

BAIDU, INC.

Baidu Campus

No. 10 Shangdi 10th Street

Haidian District, Beijing 100085

The People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒    Form 40-F ☐

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release –– Baidu Announces Proposed Spin-off and Separate Listing of Kunlunxin
99.2		Announcement –– Proposed Spin-off and Separate Listing of Kunlunxin on the Main Board of the Stock Exchange of Hong Kong Limited

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BAIDU, INC.
By		:		/s/ Haijian He
Name		:		Haijian He
Title		:		Chief Financial Officer

Date: January 2, 2026

FAQ

What corporate action did Baidu Inc. (BIDU) disclose in this report?

Baidu disclosed that it plans a proposed spin-off and separate listing of its subsidiary Kunlunxin.

Where is Baidu planning to list Kunlunxin following the proposed spin-off?

Kunlunxin is proposed to be listed on the Main Board of the Stock Exchange of Hong Kong Limited as a separate company.

Does this Baidu (BIDU) report include detailed financial terms of the Kunlunxin spin-off?

This excerpt only notes the proposed spin-off and separate listing and refers to a press release and announcement for detailed terms.

What documents accompany Baidu’s disclosure about the Kunlunxin spin-off?

The report includes as exhibits a press release and an announcement about the proposed spin-off and separate listing of Kunlunxin.

What stock exchange form did Baidu use for this Kunlunxin spin-off disclosure?

Baidu used a Form 6-K report of foreign private issuer to disclose the proposed spin-off and separate listing of Kunlunxin.