US probe of China's Netflix puts Baidu in quandary

Tencent waits in wings to take over cash-burning app iQiyi

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- Major Chinese tech company Baidu stands at a crossroads over what to do with its video streaming unit iQiyi, a linchpin of its growth plans that is under investigation by U.S. financial authorities over accounting practices.

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