Baidu News - June 2026

🟢 BIDU is trading 4.2% up today on news of its AI chip unit Kunlunxin targeting a $50B Hong Kong IPO

• BIDU is trading at $108.60 (+4.20%) following reports that its AI chip division, Kunlunxin, is targeting a $50 billion valuation in an upcoming Hong Kong...

China Sanctions 10 US Defense Firms, Retaliating for Tech Blacklist

China sanctioned 10 American military-linked companies on Monday. This move escalates trade tensions following the U.S. blacklisting of Chinese firms including...