[Kunlun Chip Technology, a Baidu Subsidiary, Plans to Go Public in Hong Kong] According to a report by Jinse Finance, on June 29, Kunlun Chip Technology, a subsidiary of Baidu, plans to go public in Hong Kong. Informed sources revealed that its target valuation is $50 billion. The Kunlun Chip IPO will prioritize investors who purchase its chips, and investors must commit to buying chips worth 3 to 7 times their subscription amount. (The Information)