iQiyi pulls off another CB sale despite content crackdown

Chinese Netflix-like video streaming service makes convertible bond return after less than four months and raises $1.05 billion, unfazed by tighter censorship over online content.

Chinese video streaming service iQiyi priced the largest convertible note offering in Asia ex-Japan so far this year on Tuesday, making a swift return to international capital markets despite concerns over tighter censorship of online content.

¬ Haymarket Media Limited. All rights reserved.

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