AICNBC Techabout 2 hours ago
Baidu shares jump 7% on Kunlunxin IPO report
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Baidu shares surged over 7% Monday after reports that AI chip unit Kunlunxin targets a Hong Kong IPO valuing the affiliate at $50 billion. Prospective investors must buy semiconductors worth three to seven times their intended investment. Kunlunxin chips have drawn interest from ByteDance.
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