Tencent eyes dominant share of Chinese sports streaming market

The internal view of Tencent (Beijing) headquarters building on November 28, 2019 in Beijing, China. (Photo by VCG/VCG via Getty Images)

Chinese tech giant Tencent is said to have approached Baidu to buy a stake in its Chinese video streaming platform iQiyi.

Launched in August 2018, iQiyi Sports is a joint venture between video platform iQiyi and Super Sports Media, the Chinese agency with activities in rights acquisition, streaming and sports content production.

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