Quick takes

Baidu to spin-off and separate listing of Kunlunxin

Baidu, the leading Chinese language Internet search provider, announced the company proposed to spinoff and separate listing of the H shares of Kunlunxin (Beijing) Technology Co., Ltd., a non-wholly owned subsidiary, on the Main Board of the Hong Kong Stock Exchange (HKEX). It will show Kunlunxin’s value to attract investor focused on the AI chip sector and support the effort to unlock the value of Baidu’s AI-powered businesses.

Macau visitor arrivals up 18% in November 2025

Macau’s Statistics and Census Service (DSEC) reported its number of visitor arrivals in November 2025, with 3,345,683 visitor arrivals, a year-on-year increase of 18.1%. Same day visitors (2,035,555) grew 31.5%, while overnight visitors (1,310,128) were up 2.1%. However, the average length of stay dropped by 0.2 days year-on-year, down to 1.0 day, due to the growth in the proportion of same-day visitors in the total number of visitors; while the figure of overnight visitors remained unchanged at 2.3 days.

HKTDC to open three trade fairs

The Hong Kong Trade Development Council (HKTDC) will open three trade fairs on 12th January 2026, at the Hong Kong Convention and Exhibition Centre (HKCEC). The 52nd Hong Kong Toys & Games Fair, and the 17th Hong Kong Baby Products Fair are organised by the HKTDC, while the 24th Hong Kong International Stationery & School Supplies Fair is jointly organised by the HKTDC and Messe Frankfurt (HK) Ltd. The three trade fairs will feature more than 2,6000 exhibitors from 37 countries and regions, with a newly launch pavilion, “Pop & Play”, bringing about 150 trendy IPs.