An investment unit of the infrastructure conglomerate has recently been asking creditors to allow it to delay the repayment of the notes with ₹8,343 crore ($884 million) outstanding that mature this month

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Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO

CNBC2026.06.29

Baidu's Hong Kong-listed shares rose over 6% amid reports that its AI chip unit Kunlunxin is targeting a $50 billion initial public offering in the city.