China’s Baidu eyes potential $7bn iQiyi sale
Chinese tech giant Baidu is reportedly in talks to sell off its controlling stake in the country’s second-largest streaming service iQiyi. Baidu is allegedly looking to sell its 53% stake in the ‘Chinese Netflix’, with the company setting a target value at around $7bn. Baidu currently holds more than 90% of iQiyi’s shareholder voting rights. […]