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.

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

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.