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February 28, 2018 12:22 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/OIUNqSRLL2s/
Baidus video business iQiyi to raise up to $1.5B in US IPO
Baidu’s iQiyi video division is set to become the latest Chinese tech company to go public in the U.S. after it filed to raise up to $1.5 billion via an IPO on the Nasdaq. The service was started in 2010 by search giant Baidu, which owns a dominant 70 percent of the company. Xiaomi (eight percent) and Hillhouse (six percent) are the other major names that have backed it. A… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/OIUNqSRLL2s/
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