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Benzinga
Benzinga
World
The Bamboo Works

Despite iQiyi Denial, Is Baidu Set to Roll Credits on Its Video Affiliate?

Key Takeaways:

  • A Reuters report says search engine giant Baidu is considering selling the recently profitable iQiyi platform with a target price of $7 billion
  • iQiyi denied the report. But it could make sense for Baidu to divest from video streaming to sharpen its focus on cloud services, AI and self-driving products
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