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According to The Information, Baidu's chip division, Kunlun Chip, plans to list in Hong Kong with a valuation of $50 billion. IPO investors must commit to purchasing chips equivalent to 3 to 7 times their subscription amount.

2026-06-29

According to The Information, Baidu's chip division, Kunlun Chip, plans to list in Hong Kong with a valuation of $50 billion. IPO investors must commit to purchasing chips equivalent to 3 to 7 times their subscription amount.

Other News
2026-06-28

Kuwaiti military said it intercepted two ballistic missiles on Sunday morning; no damage or casualties reported.

Kuwaiti military said it intercepted two ballistic missiles on Sunday morning; no damage or casualties reported.
2026-06-28

Iranian Foreign Minister Araghchi told Iraq’s foreign minister during a visit that Iran will fully supervise and manage the Strait of Hormuz within 30 days. He said he had briefed Baghdad on recent outcomes of the war imposed on Iran and progress on

Iranian Foreign Minister Araghchi told Iraq’s foreign minister during a visit that Iran will fully supervise and manage the Strait of Hormuz within 30 days. He said he had briefed Baghdad on recent outcomes of the war imposed on Iran and progress on a memorandum of understanding with the US. Araghchi said Iran bears sole responsibility for the waterway and that, once all obstacles are cleared, full transit capacity will be restored; any interference or unilateral action by other parties or countries would worsen the situation and delay reopening.
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