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Baidu's AI chip unit Kunlunxin confidentially files for a Hong Kong IPO, paving the way for a spin-off; a recent fundraising reportedly valued it at ~$3B (Sneha Kumar/Reuters)

Sneha Kumar / Reuters : Baidu's AI chip unit Kunlunxin confidentially files for a Hong Kong IPO, paving the way for a spin-off; a rec...

22 May 2025

Lenovo reports Q4 revenue up 23% to $16.98B, vs. $15.6B est., and net profit down 64% YoY to ~$90M, below $225.8M est., reflecting AI and PC market competition (Bloomberg)

Bloomberg:
Lenovo reports Q4 revenue up 23% to $16.98B, vs. $15.6B est., and net profit down 64% YoY to ~$90M, below $225.8M est., reflecting AI and PC market competition  —  The Chinese company reported net income of $90 million for the March quarter versus projections for more than $200 million …

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