A Chinese Video-Streaming Tie-Up Would Be a Drama Worth Watching

A consolidation in China’s video-streaming market is long overdue. Now it looks like it may finally be coming. Tencent, which owns China’s most popular social network, WeChat, is interested in becoming the largest shareholder of its video-streaming rival iQiyi, 56%-owned by search giant Baidu, according to a Reuters report Tuesday. The company has reportedly approached Baidu to buy a stake although discussions are still at an early stage. Tencent declined to comment, but the report was enough to get investors very excited:…

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