Rumor: Ant Financial, Dianping, iQiyi to IPO on Strategic Emerging Industry Board

TechWeb, 7/02/15

Shanghai has reportedly selected Zhejiang-based Ant Small & Micro Financial Services, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), online ratings site Dianping, and Chinese internet firm Baidu's (Nasdaq: BIDU) online video subsidiary iQiyi as the first batch of enterprises to list on the Shanghai Stock Exchange's China Strategic Emerging Industry Board, which will launch as early as April, 2016, according to media reports.

iQiyi has abandoned plans for an overseas listing in favor of a domestic IPO, according to an industry source.

Editor's Note: For more information on this topic, please see "Alibaba's Ant Financial Valued at USD 40 Bln in Latest Funding Round," MD 6/18/15 issue.

Keywords: Strategic Emerging Industry Board Internet IPO online video Baidu Dianping BIDU Alibaba Group online ratings iQiyi financial services BABA bourse Ant Financial Group online reviews

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