Kunlunxin, the AI chip unit of Chinese internet search giant Baidu , is planning an initial public offering in Hong Kong, having recently completed a fundraising that valued it at 21 billion yuan ($2.97 billion), three people familiar with the matter told Reuters.
Baidu is emerging as a leading Chinese AI chip player, analysts say. Beijing's focus on pushing domestic chips could make Baidu's chip unit, Kunlunxin, a fast-growing business for the company.
Baidu Inc. (BIDU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
| - Industry | - Sector | Yanhong Li CEO | NASDAQ (NGS) Exchange | 056752108 CUSIP |
| CN Country | 35,900 Employees | - Last Dividend | 12 May 2010 Last Split | 5 Aug 2005 IPO Date |
Baidu, Inc., a leading technology company, primarily offers various internet search services within China, being operational in two primary segments: Baidu Core and iQIYI. Founded in 2000 and headquartered in Beijing, China, the company has evolved into a multi-faceted platform, providing a wealth of services catering to information search, personalized content, healthcare information, short video content, AI-powered conversational bots, and much more. With its strategic partnership with Zhejiang Geely Holding Group, Baidu has expanded into smart devices, cloud services, online marketing, and autonomous driving technologies, showcasing a commitment to innovation and technology leadership in the digital age.