China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Venture-Backed Xiaomi To Inject $300M In Online Video Firm iQiyi
Aggregated Source: China Money Network
The world's third largest smart phone maker Xiaomi Inc., backed by venture and private equity investors, is said to have injected US$300 million in Chinese online video platform iQiyi.com Inc., according to Chinese media reports. The deal, if completed, will see Xiaomi becoming the second largest shareholder in the Beijing-based iQiyi, an online television and […]


Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Original URL: Click here to visit original article
Copyright China Money Network