Posted inChengdu, China

iQiyi buys stake in mobile game developer Skymoons

iQiyi, one of the major online video platforms in China, has completed the acquisition of Skymoons Inc. and Chengdu Skymoons Digital Entertainment Co. Ltd., reported. The 100% equity acquisition includes a fixed payment of 1.27 billion yuan (US$190 million), and an additional payment of 730 million yuan. The latter will be paid only if […]

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