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Baidu’s AI chip unit Kunlunxin eyes $50 billion valuation in potential Hong Kong IPO

Baidu shares climbed 7% on news that its AI chip unit, Kunlunxin, is eyeing a $50 billion Hong Kong IPO to expand its domestic market presence.

#StartupsEntrepreneurship#Baidu#Semiconductors

Jul 2, 20261m readAI

Hacker News: Newest

US Department of Defense adds BYD, Alibaba, and Baidu to military-linked list

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The Pentagon has added Alibaba, Baidu, and BYD to its China military-linked list, raising questions about future investment restrictions and the scope of U.S.-China economic friction.

#WorldNews#Alibaba#Baidu

Jun 20, 20261m readAI

World News - UPI.com

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