Key facts
- Baidu's AI chip unit is waiting for approval from the Chinese securities regulator, people with knowledge of the matter said.
- The people said the unit's Hong Kong initial public offering may slip to next year.
An initial public offering of Baidu Inc.'s artificial intelligence chip unit may slip to next year, people with knowledge of the matter said, in a report that did not date the event. The company is waiting for approval from the Chinese securities regulator, according to the same people.
The report named no filing, no venue timetable and no size for the offering. It gave no date for when the unit first filed to list or for when the regulator is expected to rule.