iQIYI, China's answer to Netflix, raises $500m from private placement to PAG

iQIYI, China's answer to Netflix, raises $500m from private placement to PAG

Photo: Bloomberg

iQIYI, a Nasdaq-listed Chinese video streaming platform, announced on Tuesday the closing of a private placement of $500 million to Asia-focused alternative investment firm PAG.

Bring stories like this into your inbox every day.

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