Chinese video pair set to go live with $3b IPOs

Online video platform operators iQiyi and Bilibili seek to raise close to $3 billion in concurrent US IPOs. But the pair offer quite different propositions for investors.

Chinese video pair set to go live with $3b IPOs

Rivals iQiyi and Bilibili are used to fighting for the eyeballs of China's online video viewers. On Monday, the pair went head to head in a new context as they both launched US initial public offerings, seeking to raise $2.9 billion between them.

However the distinct business models of the two companies suggest they will appeal to different group of investors.

iQiyi, the online video site backed by Chinese tech giant Baidu...

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