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المشهد العربي
Baidu shares jump amid chip IPO plan
Baidu's shares rose by 5.6% in the Hong Kong market following reports of the company's intention to take its artificial intelligence chip unit, "Kunlun Xin," public. The shares closed at HKD 104.30. The unit is targeting an estimated market value of around $50 billion USD, and the company is asking investors to purchase electronic chips valued at between 3 to 7 times the allocated shares. This comes after Baidu submitted a confidential application earlier this year to list the unit on the stock exchange.
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