Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO
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Source: CNBC
Published: 2026-06-29 14:05 UTC+10:00
Section: General
Factuality Score: 92
Opinion Category: Neutral
Topics: Technology & AI, China, Technology
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Snippet:
Hong Kong-listed shares of Baidu surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion.
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