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Hi Fellow Fools,

Baidu controls the most popular streaming video service in China -- iQiyi. Now it wants to spin that off while maintaining a controlling stake:

Streaming video is hugely popular in China, with an estimated 144 million subscribers tuning in this year, up 80% over last year. That number is projected to grow to 234 million by 2020. Analysts at JPMorgan (via eMarketer) forecast that iQiyi will continue its market leadership with 99 million subscribers this year, up 120% over 2016.

Baidu is seeking to capitalize on consumer's insatiable appetite for new content by spinning off iQiyi, with an initial public offering (IPO) that would value the company between $8 billion and $10 billion, and debut on U.S. markets as early as 2018, according to a report from Bloomberg. Baidu still plans to hold a controlling interest after the IPO by issuing dual-class shares.


https://www.fool.com/investing/2017/10/07/baidu-wants-to-ipo...

Danny
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