Chinese internet giant Baidu Inc. is planning an initial public offering of its video-streaming site iQiyi.com that could value the unit at up to $5 billion, according to people familiar with the matter. (WSJ)
The share listing would be a new route to monetizing and refinancing operations in the hugely popular and influential video streaming sector. The WSJ said Baidu could issue a convertible bond or similar financial instrument to raise capital for iQIYI before the flotation. (Variety)
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