Reports are emerging that Chinese conglomerate Tencent is moving to purchase a major stake in Beijing-based video platform iQIYI. Neither Tencent officials nor iQIYI higher-ups have publicly commented on the rumors, though the market appears to be responding to the mere possibility of an agreement. iQIYI majority owner Baidu, Inc. – the brand that Tencent […]
The post Tencent’s Land-Grab Continues — iQIYI Acquisition Could Be Next appeared first on Digital Music News.