Baidu's spun off chip unit plans dual listing in Shanghai and Hong Kong

Hong Kong IPO for Kunlunxin is expected in the third quarter, tapping AI investment demand

A man passes a Baidu logo at an open-source AI event in Beijing on Mar. 17. The search engine operator's chip unit, Kunlunxin, is planning a public listing in Hong Kong and Shanghai.  © Reuters

HONG KONG -- Kunlunxin, a unit of Chinese search engine group Baidu, has filed for a dual listing on the tech-focused Shanghai STAR market, according to a regulatory filing on Friday, as the chipmaker seeks to tap investors' appetite for artificial intelligence.