Tencent aims to become biggest shareholder of video streaming rival iQIYI

Tencent aims to become biggest shareholder of video streaming rival iQIYI

Tencent Holding Ltd

Tencent Holdings Ltd aims to become the biggest shareholder in video streaming rival iQIYI Inc, said two people familiar with the matter, to lower costs and counter competition in a sector boosted by stay-at-home virus policies.

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