Baidu ( BIDU ) just announced that it is going to spin off its chip unit Kunlunxin and officially filed its IPO application with the Hong Kong Stock Exchange. Kunlunxin is Baidu’s semiconductor chip unit thatAnalyst’s Disclosure:I/we have a beneficial long position in the shares of BIDU, BABA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business r ...