Baidu’s video business iQiyi to raise up to $1.5B in US IPO

A Netflix-like service that include paid and ad-supported content, iQiyi claims to have over 50 million paying subscribers. The company says its content gets 420 million monthly viewers, with as many as 126 million tuning in on a daily basis. – Jon Russell, TechCrunch http://tcrn.ch/2F1MsS4
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