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Aditya Hadi Pratama · · 1 min readChina Roundup: iQiyi picks advisers ahead of $500m Hong Kong IPO, and other news
Baidu-backed iQiyi picks advisers ahead of US$500 million Hong Kong IPO
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The video-streaming service has reportedly chosen Bank of America, CLSA, and Goldman Sachs as its advisers for a potential initial public offering in Hong Kong.
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The company could raise at least US$500 million in its share sale.
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This is potentially the second IPO for iQiyi after the company raised nearly US$2.4 billion in its New York listing in 2018.
Huobi’s COO stepped down in April after reported arrest
- Li Lin, the crypto exchange’s founder, said that the delay in announcing chief operating officer Robin Zhu Jiawei‘s departure was meant to avoid “disruptions” to the company.
- Zhu’s reported arrest in November 2020 led to Huobi losing US$350 million in withdrawals. Last month, the Chinese government implemented a new rule that criminalizes crypto-trading activity.
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Before joining Huobi in 2015, Zhu had worked at Oracle and a French-based tech company called CapGemini.
Editing by Deepti Sri and Eileen C. Ang
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