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Baidu holdings part of Iqiyi stake: cash 259 million U.S. dollars

via:博客园     time:2018/7/6 12:32:24     readed:71

On the morning of the morning of July 6th, a document received by Sina Technology showed that Iqiyi, the major shareholder of Iqiyi, recently reduced some of its Iqiyi shares, and put $259 million in cash.

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Iqiyi went to the United States at the end of March this year. On the ownership structure of the company, chairman of the board of directors Robin Li held 69.6% stake as the largest shareholder and CEO Gong Yu held 1.8%. Among major institutional investors, Xiaomi venture capital held 8.4% and high leverage capital held 5.7%.

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