Baidu's Kunlunxin, valued at close to $23 billion, eyes Hong Kong IPO: Reuters

A visitor examines a computer chipset at the booth for Chinese semiconductor and chip developer Kunlunxin during the World AI Conference in Shanghai, Wednesday, July 5, 2023. China's government appealed to Japan on Monday, July 24, 2023 not to disrupt the semiconductor industry after curbs on exports of Japanese chip-making technology took effect, adding to technology restrictions Washington and its allies have imposed on China on security grounds. (AP Photo/Ng Han Guan)