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China's Netflix said to seek at least US$8b value in IPO

iQiyi, the only Chinese service that licenses shows from Netflix, ramps up content battle with Alibaba, Tencent

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iQiyi is already a partner with Netflix, which had been looking for a way to enter China to help build a global audience for its shows.

Hong Kong

BAIDU Inc's iQiyi is targeting a US initial public offering as soon as in 2018 that could value China's most popular Netflix-style streaming video service at more than US$8 billion, two people familiar with the matter say.

The company controlled by search giant Baidu is...

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