Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

China's iQiyi eyes U.S. listing at up to $10 billion valuation: Bloomberg

SHARE:

FILE PHOTO: Baidu's company logo is seen at its headquarters in Beijing.

BEIJING - Baidu Inc’s video streaming service iQiyi, a Chinese-style Netflix, is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported.

The video steaming service, which competes with Tencent Holdings Ltd and Alibaba Holdings Ltd’s Youku Tudou, is set to start negotiations with banks and deal arrangers, Bloomberg said, citing two people familiar with the matter.

The listing could value the company at as much as $10 billion, still a fraction of U.S. rival Netflix’s near $80 billion valuation. iQiyi had 481 million monthly active users as of the end of last year, data cited by Baidu shows.

Baidu and iQiyi representatives declined to comment when contacted by Reuters on Tuesday.

The video steaming service that hosts free and subscription services said in February it had raised $1.53 billion in new funds to compete with rivals in the country’s hotly contested online entertainment sector.

That investment round included funds from Baidu, Hillhouse Capital, IDG Capital and Sequoia Capital.

China’s online market for paid-for content has grown fast as the country cracks down on once rampant piracy, but has required huge amounts of investment from firms as they look to lure in viewers with premium shows from drama to sport.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: China's iQiyi eyes U.S. listing at up to $10 billion valuation: Bloomberg
China's iQiyi eyes U.S. listing at up to $10 billion valuation: Bloomberg
Baidu Inc’s video streaming service iQiyi, a Chinese-style Netflix, is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported.
https://3.bp.blogspot.com/-nyqvZmkjSvI/WcnlCi6ZUWI/AAAAAAAAh5A/n_1PyG_GgCsD3BujSicn0QQZJYVxVdP1QCLcBGAs/s640/Baidu%2527s%2Bcompany%2Blogo%2Bis%2Bseen%2Bat%2Bits%2Bheadquarters.jpg
https://3.bp.blogspot.com/-nyqvZmkjSvI/WcnlCi6ZUWI/AAAAAAAAh5A/n_1PyG_GgCsD3BujSicn0QQZJYVxVdP1QCLcBGAs/s72-c/Baidu%2527s%2Bcompany%2Blogo%2Bis%2Bseen%2Bat%2Bits%2Bheadquarters.jpg
Muslim Global
http://www.muslimglobal.com/2017/09/chinas-iqiyi-eyes-us-listing-at-up-to.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/09/chinas-iqiyi-eyes-us-listing-at-up-to.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy