China's Baidu raises funding for chip unit at $2b valuation
CPE has led a funding round for Kunlun, the semiconductor unit of Chinese search giant Baidu, at a post-deal valuation of approximately RMB13 billion ($2 billion).
IDG Capital, Legend Capital, and Oriza Hua - the integrated circuit industry investment arm of Oriza Holding - also participated. Launched in 2018, Kunlun focuses on cloud-based general-purpose artificial...
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