Asian Tech Press (OCT 07) -- IQIYI intends to raise US$500 million to go public in Hong Kong as soon as the end of this year, sources said.

Headquartered in Beijing and Shanghai, IQIYI is a Chinese online video platform founded in April 2010 and now owned by Baidu Inc. On March 29, 2018, IQIYI was listed on NASDAQ in the United States.

The data shows that IQIYI had a total of 106.2 million subscribed members as of June 30, 2021. If trial members are excluded, the total number of subscribed members is 105.2 million.