Baidu's Kunlunxin aims for $50 billion IPO in Hong Kong, seeking semiconductor investors.

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

Related Stories

Webbed Wonders Converge: India's Comics Scene Gets a Marvelous Makeover

New Report Says Car Market Will Have to Shrink Significantly by 2040

Understanding the Conclusion and Sound Design of ‘Supergirl’

Federal Agents Reportedly Tracked Down an Anti-ICE Dad in a New York Hotel. It’s Not Clear How