February 15, 2016

Baidu-Owned Qiyi Could Go Private In Deal Valuing Chinese Video Site At $2.8B

baidu China's online video wars are heating up again. Last year, Alibaba snapped up Youku Tudou, the country's largest YouTube-like video portal, in a major $3.5 billion deal, and now there's more happenings in the space after Baidu received an offer to sell its majority share in close rival Qiyi. Read More

Source: TechCrunch