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iQIYI Announces Private Placement Financing of $285M
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iQIYI Announces Private Placement Financing of $285M

Mar 07, 2022
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iQIYI Announces Private Placement Financing of $285M
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iQIYI
(Source: iQIYI)

Chinese online video platform iQIYI announced on March 4 that the company has entered into subscription agreements with Baidu and a consortium of financial investors including Oasis Management Company Ltd. for a total purchase price of $285 million in cash.

Investors have agreed to subscribe for and purchase from the company, through a pri…

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