Baidu's iQiyi, dubbed China's Netflix, said to seek at least $8b value in IPO

Baidu's iQiyi, dubbed China's Netflix, said to seek at least $8b value in IPO

Visual from Baidu's website.

Baidu Inc.’s iQiyi is targeting a U.S. initial public offering as soon as in 2018 that could value China’s most popular Netflix-style streaming video service at more than $8 billion, two people familiar with the matter say.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter