27 February 2020

Tencent, Baidu, Qihoo 360 may invest in, Caijing reports

Domestic e-commerce site has invited Tencent Holdings Ltd. (00700.HK), Baidu Inc. and Qihoo 360 to become cornerstone investors in its planned initial public offering in the United States this year, news website reported Monday. The move to make renowned internet firms key investors could help raise its valuation during the IPO, the report said. A deal between and Tencent could be announced around March 10, persons with knowledge of the matter were quoted as saying.

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