July 17 news, according to informed sources, Youku potatoes and iqiyi are negotiating the acquisition, the basic plan has been negotiated, the fastest will be completed within 2 months of the acquisition.
Previously, the Shanghai Securities News "Decision for Reference" published information that Shanghai has selected three Internet companies and a state-owned enterprise Ant Financial, public commentator, iQiyi, and China Commercial Aircraft as the first batch of strategic emerging boards of the Shanghai Stock Exchange. Enterprises, the fastest in April next year listing.
However, people familiar with the matter said that iQiyi's invitation does not mean that it will actually be listed in China. From the current negotiation process, iQIYI is far more likely to be acquired than it is listed in China.
Another reason to prove that iQiyi is unlikely to be listed in China is that iQiyi still retains the VIE structure. The previously appointed CFO Wang Xiaodong is still working. The ant gold suits that were invited at the same time with iQiyi have already obtained the investment from the national social security funds, the Postal Savings Bank, and the China National Capital Corporation, and the public comment is also looking for Pre-IPO financing in China. iQiyi still retains the VIE structure and it is unlikely that it will be listed in April next year.
Earlier, it was reported that the loss of iQiyi in 2014 will reach 10-15 billion yuan, and the financial system is not standardized. This has been confirmed by the above-mentioned sources.
At the same time, Baida, the parent company of iQiyi, recently announced that it will invest 20 billion yuan in investment in barley. Baidu CEO Robin Li said at the press conference that there are probably more than 50 billion in cash on Baidu's account, let's take 20 billion. "It is not so much a conference for Demi as it is a strategic conference for Baidu." This means that Baidu has shifted its strategic focus to O2O life services.
Previously, the news of Youku Potato's acquisition of iQiyi was reported. IGI's CEO Gong Yu denied it on personal microblogs. Before the press release, TechWeb called the relevant person of the iqiyi Public Relations Department and the other party still denied the news.
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