Chinese video-streaming service iQIYI targets raising $1.1b in convertible bonds

Chinese video-streaming service iQIYI targets raising $1.1b in convertible bonds

A person holds a phone with Baidu Inc's video streaming service iQiyi in Jinan, Shandong province, China, in this May 25, 2016 photo illustration. Picture taken May 25, 2016. REUTERS/Stringer

Chinese video-streaming service iQIYI Inc is looking to raise $1.05 billion in convertible bonds, the latest example of the growing popularity of the instrument among newly listed Chinese tech companies.

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