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Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO

Posted on June 29, 2026
By CNBC
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1 min read

Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO

Baidu's Hong Kong-listed shares rose over 6% amid reports that its AI chip unit Kunlunxin is targeting a $50 billion initial public offering in the city.