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Topic: hong-kong-ipo

The trading hall of the Hong Kong Stock Exchange
Business
Monday, 6/29, 04:05 AM

Baidu jumps as its AI-chip unit eyes a $50 billion Hong Kong listing

  • Shares of the Chinese tech giant Baidu rose about 7% after reports that its in-house artificial-intelligence chip business, Kunlunxin, is aiming for a Hong Kong stock listing that could value it at around $50 billion — a sign of investor appetite for China's homegrown answer to Nvidia.

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