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Baidu's chip unit Kunlunxin is targeting a $50 billion Hong Kong IPO and asked investors to buy its semiconductors

The Next Web - 7 hours 27 min ago
Baidu's AI chip unit Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday. In an unusual twist, the company asked prospective IPO investors to also commit to purchasing its semiconductors, according to the report. Reuters could not independently verify the report. The $50 […] This story continues at The Next Web...
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