According to people familiar with the matter, Kunlunchip, an artificial intelligence chip company owned by Baidu, has hired an investment bank to arrange an IPO in Hong Kong, and the amount of capital raised may be as high as 2 billion US dollars. People familiar with the matter revealed that Kunlunchip has selected CICC, CITIC Securities, and Huatai Securities to lead the IPO, and CITIC Construction Investment Securities is also participating in formulating Kunlunchip's potential issuance plan. People familiar with the matter said that relevant discussions are still ongoing, and details such as the size of the IPO may change, and pointed out that the financing scale may also be around 1 billion US dollars.

According to people familiar with the matter, Kunlunchip, an artificial intelligence chip company owned by Baidu, has hired an investment bank to arrange an IPO in Hong Kong, and the amount of capital raised may be as high as 2 billion US dollars. People familiar with the matter revealed that Kunlunchip has selected CICC, CITIC Securities, and Huatai Securities to lead the IPO, and CITIC Construction Investment Securities is also participating in formulating Kunlunchip's potential issuance plan. People familiar with the matter said that relevant discussions are still ongoing, and details such as the size of the IPO may change, and pointed out that the financing scale may also be around 1 billion US dollars.