Chinese Tech Giant Baidu in Talks to Sell Controlling Stake in IQIYI, Reuters Reports

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Chinese Tech Giant Baidu in Talks to Sell Controlling Stake in IQIYI, Reuters Reports

Dow Jones2022-06-15

--Chinese internet search engine firm Baidu Inc. is currently in talks to sell its majority stake in video streaming company iQIYI Inc., Reuters reports, citing people familiar with the matter.

-- Baidu currently has a 53% stake in iQIYI and holds more than 90% of its shareholder voting rights, Reuters says.

Full story: https://reut.rs/3NZuxL9

Write to Justina Lee at justina.lee@wsj.com

$(END)$ Dow Jones Newswires

June 15, 2022 04:28 ET (08:28 GMT)

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Remotecam
·2022-06-16
Good to know. Thanks
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Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Tech Giant Baidu in Talks to Sell Controlling Stake in IQIYI, Reuters Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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