Baidu plans $1b IPO for video-streaming site iQiyi.com

Baidu plans $1b IPO for video-streaming site iQiyi.com

People sit in front of the company logo of Baidu at its headquarters in Beijing December 17, 2014. REUTERS/Kim Kyung-Hoon/Files

Chinese internet giant Baidu Inc. is planning an initial public offering of its video-streaming site iQiyi.com that could value the unit at up to $5 billion, according to people familiar with the matter.

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