Baidu’s IQiyi Revives HK Share Sale Plan After Curbing Losses
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(Bloomberg) — IQiyi Inc. is again exploring a secondary stock listing in Hong Kong just as China’s answer to Netflix Inc. looks on track to reverse years of losses.
The U.S.-traded Baidu Inc. subsidiary is keen to bring new investors onboard as it finances more original programming and steps up the use of artificial intelligence to draw viewers from rivals such as Tencent Holdings Ltd. and Alibaba Group Holding Ltd.’s Youku, Chief Executive Officer Gong Yu said.
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