Baidu's AI Chip Unicorn Eyes $140 Billion HK IPO for Kunlun Xin Unit

Baidu's AI chip arm Kunlun Xin is targeting a Hong Kong IPO with a valuation exceeding $140 billion, according to sources. The company has filed confidentially with HKEX while initiating domestic listing preparations, reflecting a dual-capital-market strategy for flexible financing and long-term confidence in China's tech sector.

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