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Baidu Prepping IPO For video-streaming Site

Chinese Web giant Baidu is preparing a $5 billion IPO for its video-streaming site iQiyi.com. “Baidu is considering listing iQiyi in either Hong Kong or the U.S. next year,” The Wall Street Journal reports, citing sources. “The company is planning to issue a convertible bond or similar instrument to raise funds from investors before the IPO.”

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