China: Baidu submits draft registration for US IPO of video streaming company iQiyi

Baidu's company logo is seen at its headquarters in Beijing December 17, 2014. REUTERS/Kim Kyung-Hoon/Files

Baidu Inc. plans to list its Netflix-like video streaming service iQiyi on a U.S. exchange amid rising content costs as China’s biggest search engine posted fourth-quarter sales that topped analyst estimates.

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