Baidu's (9888 HK) AI chip arm Kunlunxin aims to raise up to USD 2bln in Hong Kong IPO, according to Bloomberg citing sources
Baidu's AI chip arm, Kunlunxin, is seeking to raise up to USD 2 billion in a Hong Kong IPO, indicating strong confidence in its growth potential amid an expanding AI market.
RBI is said to be selling dollars through state-run banks
South Korea's President Lee says had a serious talk with China regarding supply chains and peace on the Korean Peninsula
Baidu's (9888 HK) AI chip arm Kunlunxin aims to raise up to USD 2bln in Hong Kong IPO, according to Bloomberg citing sources
PRE-MARKET INDIAN STOCKS NEWS: Reliance Industries (RIL IS) strongly denied claims of Russian oil imports to its Jamnagar refinery, in which it stated that reports are “blatantly untrue” and are “tarnishing” its image
Thailand CPI YY (Dec) -0.3% vs Exp. -0.3% (Prev. -0.5%)
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- Co. has picked China International Capital Corp., Citic Securities Co. and Huatai Securities, while China Securities International is also working on the potential offering.
The involvement of major underwriters suggests a robust interest from institutional investors, likely setting a precedent for future tech IPOs in the region. This development could enhance Baidu's overall valuation and position within the competitive AI sector, impacting investor sentiment across related equities and sectors.
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