-- Baidu's (HKG:9888) artificial-intelligence chip unit Kunlunxin (Beijing) Technology is working with China International Capital Corp. to seek an additional listing in Shanghai, Bloomberg News reported Friday, citing a regulatory filing.
Kunlunxin (Beijing) Technology filed for a public listing in Hong Kong earlier this year and is now working with the investment bank to also list on Shanghai's STAR board, the report said.
Baidu holds a 58% stake in Kunlunxin (Beijing) Technology, which could be valued at no less than $3 billion, the news agency reported earlier.
Jefferies analysts expect Kunlunxin's Hong Kong listing to happen in the third quarter, the report said.
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