But the discussions have stalled with little hope of recommencing soon as they balk at a valuation of around $20 billion demanded by Baidu and as both companies, which have their own video streaming services, face heightened scrutiny by China's antitrust regulators, two people said.
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Saturday, November 28, 2020
Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, regulatory concerns: Sources
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