TECH NEWS
Baidu’s chip unit Kunlunxin is targeting a $50 billion Hong Kong IPO and asked investors to buy its semiconductors
TL;DR Baidu’s Kunlunxin targets a $50B Hong Kong IPO and asked investors to commit to buying its chips, blurring the line between shareholder and customer. Baidu’s AI chip unit Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information