China's Alibaba, Tencent put talks to acquire iQIYI's stake on hold

China's Alibaba, Tencent put talks to acquire iQIYI's stake on hold

Photo: Bloomberg

Alibaba Group Holding Ltd and Tencent Holdings Ltd have each held separate talks with Baidu Inc to acquire a controlling stake in video streaming service iQIYI Inc, people with knowledge of the matter told Reuters.

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