iQiyi Proposes USD 300 Million Hong Kong Listing
- tech360.tv
- Mar 31
- 2 min read
iQiyi, a Nasdaq-listed Chinese online entertainment video provider, has submitted a confidential application for a listing in Hong Kong. The proposed move aims to raise USD 300 million, making iQiyi the latest US-listed Chinese company considering a Hong Kong float.
The Beijing-based company, backed by Baidu, stated that details of the listing are not yet finalised. This decision is pending regulatory approvals from the Hong Kong stock exchange and the China Securities Regulatory Commission, along with the company’s own final decision.
iQiyi said, “There is no assurance that the proposed listing will take place or when it may take place.” The company seeks to enhance its access to the capital market in Hong Kong and broaden its investor base by increasing exposure to Asia-based institutional and retail investors.
The listing of Class A ordinary shares on the main board of the Hong Kong bourse also intends to strengthen iQiyi’s international profile. This follows a trend among US-listed Chinese companies amid US regulatory scrutiny.
Hong Kong Exchanges and Clearing (HKEX) previously unveiled listing reforms, its biggest since 2018. These reforms included a loosening of rules concerning confidential filings, and secondary listings.
HKEX aimed to build on a successful 2025, when Hong Kong regained its position as the world’s largest IPO market. At the end of 2025, 377 Chinese companies listed in the US were not also listed in Hong Kong.
iQiyi’s video platform is one of China’s most popular, boasting more than 400 million monthly active users.
The company also announced a US$100 million share repurchase program, extending over the next 18 months. This program aims to demonstrate iQiyi’s confidence in its long-term business prospects.
Additionally, iQiyi previewed the launch of Nadou Pro, a new long-form video generation artificial intelligence tool.
iQiyi has submitted a confidential application for a Hong Kong listing.
The proposed listing aims to raise USD 300 million.
The move seeks to enhance capital market access, broaden the investor base, and strengthen the company’s international profile.
Source: SCMP
