Baidu's iQiyi video site plans to raise up to $1b via convertible bond sale

Baidu's iQiyi video site plans to raise up to $1b via convertible bond sale

A man walks past a sign for Baidu Inc. at the entrance to the Baidu Technology Park in Beijing. Photographer: Qilai Shen/Bloomberg

iQiyi Inc. is planning a convertible bond sale, as the loss-making Chinese company seeks to replenish its coffers amid fierce competition in the online video industry, according to people with knowledge of the matter.

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