Biren’s strong start will likely augur well for two other AI-related stocks—MiniMax and Zhipu—that are set to list in HK next week.

Confidential filing comes as Chinese AI chipmakers rush to public markets amid U.S. export curbs and a domestic push for computing power

Baidu has announced plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list the new firm on the Hong Kong Stock Exchange.