Earlier this month, Baidu acquired all stakes of iQiyi held by Providence Equity Partners, making the Chinese search giant the largest stakeholder of iQiyi with more than 90% shares. iQiyi is one of the many Hulu equivalents in China.

Dr. Gong Yu, CEO of iQiyi shared with local media Tencent Tech his mindset of the deal and his perspectives on China online video segment in the wake of the share buyout.

Synergy Between Baidu & iQiyi

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Chelsea Dong

She reads, travels, photographs and writes, with interests in chronicling China tech scene and interpreting how technology disrupts the way people live.