Baidu’s Chairman Robin Li has dropped a US$2.8 billion bid to buy out the shares of the company’s video-streaming service Qiyi.com (iQiyi), after a major shareholder objected to his lowball offer, in a setback to his plan to spin off China’s top online video site.
De South China Morning Post verzorgt nieuws en analyses met betrekking tot Hong Kong, China en de rest van Azië.