$BIDU (BIDU) is being considered by ByteDance as a potential supplier of its Kunlunxin artificial intelligence chips. TikTok running on $BIDU AI chip🚀🚀🚀
$BIDU analysts at Morningstar estimate Kunlunxin’s valuation at between 400 billion Hong Kong dollars and HK$500 billion, equivalent to US$51.04 billion to US$63.80 billion.
Hong Kong banks suspend account setups and the State Administration of Foreign Exchange limits QDII quotas, investors are left with very few exit routes. This trapped capital naturally flows into available local alternatives, specifically Large-Cap Chinese Tech Leaders
$BABA , $JD , $BIDU : Highly likely to benefit from increased Southbound capital inflows as mainland funds look for liquidity and stable corporate earnings at home.