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Baidu shares jump 7% as AI chip unit Kunlunxin targets $50 billion Hong Kong IPO. The move reflects investor optimism about the unit's valuation and Baidu's push into semiconductor manufacturing.
Baidu shares rose 7% after its AI chip unit Kunlunxin was reported to be aiming for a $50 billion initial public offering in Hong Kong.
- Baidu shares jump 7% as AI chip unit Kunlunxin targets $50 billion Hong Kong IPO. The move reflects investor optimism about the unit's valuation and Baidu's push into semiconductor manufacturing.Source observed
- VW plans up to 100,000 job cuts and weighs further asset sales following €10B marine unit deal, FT reportsSource observed
- Freight shipping costs surge as companies race to ship goods ahead of new Trump tariffs, FT reportsSource observed
- Volkswagen's job cuts raise prospect of selling crown-jewel assets, FT reports — automaker's restructuring could lead to divestiture of key business unitsSource observed
- Les Mousquetaires president reports surge in air conditioning and water pack sales amid heatwaveSource observed
- New currency in Sudan's Rapid Support Forces areas deepens the country's financial division amid ongoing conflictSource observed
- Project to produce Solaris cars from Hyundai and Kia vehicle kits at AGR Holding plant completed, Vedomosti reports citing three sources familiar with the businessSource observed
- China's push into 'future industries' triggers flood of venture capital, stoking bubble concernsSource observed