{"id":44602,"date":"2017-09-26T06:34:59","date_gmt":"2017-09-26T06:34:59","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=44602"},"modified":"2017-09-26T06:39:45","modified_gmt":"2017-09-26T06:39:45","slug":"china-iqiyi-eyes-u-s-listing-10-billion-valuation-bloomberg","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/china-iqiyi-eyes-u-s-listing-10-billion-valuation-bloomberg.html","title":{"rendered":"China iQiyi eyes U.S. listing at up to $10 billion valuation Bloomberg"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">China iQiyi eyes U.S. listing at up to $10 billion valuation Bloomberg<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">China iQiyi eyes U.S. listing at up to $10 billion valuation Bloomberg:\u00a0aidu Inc\u2019s (BIDU.O) video streaming service iQiyi, a Chinese-style Netflix (NFLX.O), is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The video steaming service, which competes with Tencent Holdings Ltd (0700.HK) and Alibaba Holdings Ltd\u2019s (BABA.N) Youku Tudou, is set to start negotiations with banks and deal arrangers, Bloomberg said, citing two people familiar with the matter.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The listing could value the company at as much as $10 billion, still a fraction of U.S. rival Netflix\u2019s near $80 billion valuation. iQiyi had 481 million monthly active users as of the end of last year, data cited by Baidu shows.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Baidu and iQiyi representatives declined to comment when contacted by Reuters on Tuesday.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The video steaming service that hosts free and subscription services said in February it had raised $1.53 billion in new funds to compete with rivals in the country\u2019s hotly contested online entertainment sector.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">That investment round included funds from Baidu, Hillhouse Capital, IDG Capital and Sequoia Capital.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">China\u2019s online market for paid-for content has grown fast as the country cracks down on once rampant piracy, but has required huge amounts of investment from firms as they look to lure in viewers with premium shows from drama to sport.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt;color: #000000\">Source: http:\/\/www.reuters.com\/article\/us-iqiyi-ipo\/chinas-iqiyi-eyes-u-s-listing-at-up-to-10-billion-valuation-bloomberg-idUSKCN1C1097<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/china-iqiyi-eyes-u-s-listing-10-billion-valuation-bloomberg.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff 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[&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":44612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[30053,63781,30039,30037],"class_list":["post-44602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business-updates-usa-news","tag-china-iqiyi-eyes-u-s-listing-at-up-to-10-billion-valuation-bloomberg","tag-latest-business-updates-usa-news","tag-usa-business-and-regional-news"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/44602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=44602"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/44602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/44612"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=44602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=44602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=44602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}