Baidu's Qiyi.com to get $300m from private equity
Baidu’s is reportedly seeking $300 million in private equity funding for its online video asset Qiyi.com in an effort to bolster the site’s positioning in China’s competitive online video segment.
Citing a source close to the deal, Dow Jones reports that Hony Capital could lead the investment via a $200 million commitment, and Baidu itself would invest the remaining $100 million. The new financing...
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