Baidu Shares Jump on Report Kunlunxin Could Seek Hong Kong IPO at $50 Billion Valuation

Shares of Chinese technology giant Baidu climbed more than 7% in Hong Kong on Monday after a report said its artificial intelligence chip subsidiary, Kunlunxin, is preparing for a Hong Kong initial public offering that could value the business at as much as $50 billion. The rally comes as Chinese AI chipmakers increasingly attract investor

Read More