Baidu's Hong Kong Shares Surge Over 7% Afternoon on Reports of Kunlunxin AI Chip Unit's Planned Hong Kong IPO

Deep News
5小時前

Baidu's Hong Kong-listed shares rose sharply by over 7% in afternoon trading, reaching HK$124.8 with current turnover exceeding HK$1.1 billion.

The rally followed reports that Baidu's AI chip business unit Kunlunxin is planning an initial public offering in Hong Kong. Kunlunxin recently raised $283 million in funding, valuing the company at $2.97 billion.

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