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IQiyi Sports secures US$73.19 mn in strategic financing

IQiyi Sports, the sports arm of iQiyi — one of China’s emerging online video platforms — announced it has received strategic financing totalling 500 million yuan (US$73.19 million) from IDG Capital and Huiying Borun, The Paper reported. Among them, IDG Capital subscribed for a 13.33% stake in Xinai Sports for 400 million yuan, and Huiying […]

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