Baidu says reports of IPO for video-streaming site are inaccurate

Chinese internet giant Baidu Inc said on Friday that reports it is currently pushing for an initial public offering for its video-streaming site are inaccurate. The Wall Street Journal reported on Thursday that Baidu was considering a listing in Hong Kong or the United States next year that could raise about $1 billion. Baidu said on its official microblog that it does not currently have a timetable for an iQiyi IPO.

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