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Baidu wants to continue holding a controlling stake in iQiyi upon the IPO via dual-class shares, the people said. The IPO process, however, is in its early stages and the final valuation could change.

Baidu Waimai then tried to engage in a deal with SF Express to operate its food delivery business. However, the two sides could not reach a consensus on price and conditions, and negotiations broke down, according to China Daily.

Baidu, Tencent, Huawei, Alibaba and Xiaomi, all of which are based in China, are the real up-and-coming powerhouses of technology. And, if you think that artificial intelligence will usher in the next wave of technological change, you’re better off hanging out in Shanghai than Soho. The Chinese government is pouring massive amounts of money into AI with a plan to dominate the emerging industry by 2030.

Based on the State Post Bureau's estimation of the country's delivery volume as 4 billon parcels in January, the delivery firm's volume accounted for 14.15 percent of whole industry.

BUENOS AIRES - Cultural icons such as Chinese calligraphy, dragons, and silhouette charts are popping up a uniquely Argentine art form known as fileteado, which has deepened the cultural relationship between the two countries.