IQIYI's pre-market gain widened to 40% as Tencent had approached Baidu, which owns 56.2% of iQIYI, with the plan of becoming iQIYI's largest shareholder.
iQIYI, online video platform based in Beijing, announced its appointment of Kuek Yu-Chuang as vice president of international business, effective immediately.
Chinese search engine giant Baidu Inc. (BIDU) Monday reported a 7% year-on-year decline in its total revenue to 22.5 billion yuan ($3.18 billion) for the first quarter of 2020, beating Wall Street estimates of $3.1 billion.
A group of nine film and television companies issued an appeal letter calling for solidarity and self-preservation on May 7, in an attempt to restore confidence in the industry.
Discussions over iQIYI’s next ten years resurfaced as it faced its tenth anniversary on April 22. With a host of challenges ahead, iQIYI, which is now so much more than a video provider, still strives to sell its “Online Disney” story to both investors and users.
iQiyi Sports, a joint venture between Chinese online media streaming giant iQiyi and Super Sports Media, has acquired the exclusive streaming rights to Spain’s top football league, La Liga Santander, for the upcoming 2019/2020 season.
