Baidu's VoD service iQiyi files for USD 1.5 bln IPO in US

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(Telecompaper) iQiyi, the Chinese VoD service owned by Baidu, has filed for an initial public offering of shares in the US. The company claims over 50 million subscribers and said it wants to raise USD 1.5 billion to help expand its content offering. 
Source: Industry News (syndicated from Telecompaper.com)

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