Baidu Plans $1 Billion IPO for Video-Streaming Site

Baidu is considering listing iQiyi in either Hong Kong or the U.S. next year, the people said. The company is planning to issue a convertible bond or similar instrument to raise funds from investors before the IPO, the people said, although the size and timing of that fundraising wasn’t clear. – Alec Macfarlane/Rick Carew, The Wall Street Journal