Business
Monday, 6/29, 04:38 AM
Baidu Jumps as Its Chip Arm Kunlunxin Eyes a $50 Billion Hong Kong IPO
- Baidu's shares climbed about 7% after a report that its AI-chip unit Kunlunxin is targeting a roughly $50 billion Hong Kong listing — a sign of how hungry investors are for Chinese alternatives to Nvidia's restricted hardware.