Baidu-backed online video company IQiyi files for $1.5b US IPO

Baidu-backed online video company IQiyi files for $1.5b US IPO

People use smartphones in Beijing, China, on Saturday, March 7, 2015. Photographer: Tomohiro Ohsumi/Bloomberg

IQiyi Inc., the Chinese entertainment company backed by Baidu Inc., filed for an initial public offering in the U.S.

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