Baidu looking to sell the ‘Chinese Netflix’ iQiyi – Digital TV Europe

Chinese tech giant Baidu is reportedly in talks to sell off its controlling stake in the country’s second-largest streaming service iQiyi. According to Reuters, Baidu is looking to sell its 53% stake in the ‘Chinese Netflix’, with the company setting a target value at around US$7 billion.

Source: Baidu looking to sell the ‘Chinese Netflix’ iQiyi – Digital TV Europe