iQIYI seeks for second listing in Hong Kong

Hong Kong, 7th August: iQIYI, Chinese online entertainment platform owned by Baidu, is seeking to raise US$300 million for a listing in Hong Kong this year. However, the company declined to comment.

According to Bloomberg, IQIYI is currently listed in the U.S. and is exploring a secondary listing in Hong Kong.

iQIYI, with an estimated of over 400 million monthly active users, offers a wide range of content from Chinese historical drams to major Hollywood movies. The company generated revenues of HK$8.13 billion (US$1.05 billion) in the first quarter of 2025, which is a year-on-year growth of 9%. However, the net profit declined 72%, down to HK$205 million (US$26 million).