Baidu (BIDU) shares rose more than 2% in premarket activity Monday after it disclosed that it was considering the spin-off and separate listing of its Kunlunxin Technology semiconductor unit.
Responding to media reports, the company said Sunday in a regulatory filing that "it is in the process of assessing the proposed spin-off and listing."
Price: 129.00, Change: +3.34, Percent Change: +2.66
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