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Tag Archives: Baidu acquires iQiyi

Baidu to Acquire Online Video Platform iQiyi

The leading Chinese-language Internet search provider, Baidu, announced an agreement to purchase a majority stake in online video platform iQiyi.com. Details of the transaction were not disclosed. The transaction is expected to be completed in the fourth quarter this year where iQiyi will be consolidated into Baidu’s financial statement. Upon completion, iQiyi will continue to operate as a separate brand ... Read More »