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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