∗iQiyi Archives

Profit-driven iQIYI International App to Continue to Promote Chinese-language Content

On May 10th, iQIYI, a Chinese online video platform based in Beijing, held a forum at the 2023 iQIYI World Conference to showcase the development of its overseas business and share with its partners opportunities for collaboration.

Baidu-Backed Streaming Platform iQIYI Records Full-Year Profit

According to the financial report released by Baidu's Netflix-style offshoot iQIYI on February 22, the company recorded a 2022 Non-GAAP net income of 1.3 billion yuan ($186.2 million), compared to its non-GAAP net loss of 4.5 billion yuan ($653 million) in 2021.

iQIYI Denies Baidu Intends to Sell Shares

News emerged on Tuesday that Baidu is negotiating with potential acquirers to sell its 53% stake in iQIYI, attracting interest from buyers including Hong Kong private equity firm PAG and China Mobile. iQIYI responded that this news is untrue.

Douyin and TikTok Garner $277M in May Revenue

Mobile app data analysis firm Sensor Tower released a report Thursday claiming that in May, TikTok and its sister app for mainland China, Douyin, earned more than $277 million from the App Store and Google Play.

iQiyi Adventure VR Reaches Cooperation With 4K Garden

Recently, iQiyi Adventure VR reached a deep cooperation with 4K Garden, a 5G+ Ultra HD application technology platform. Both parties will create China's first Ultra HD+ VR immersive interactive innovative app.

Five Chinese Firms Including Baidu Face Possible Delisting in U.S.

The United States Securities and Exchange Commission (SEC) on Wednesday added five Chinese firms to a growing list of companies that may get delisted from domestic stock exchanges.

Wave of iQIYI Business Executives Resign

Many business executives responsible for content have reportedly left Chinese streaming platform iQIYI following an organizational restructuring at the end of 2021.

iQIYI Announces Private Placement Financing of $285M

Chinese online video platform iQIYI announced on March 4 that the company has entered into subscription agreements with Baidu and a consortium of financial investors.

iQIYI’s Net Losses Reach 968.1 Million in 2021

iQIYI, a Chinese video platform, announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.

China Sees Applications for 16,000 Metaverse Trademarks

China National Intellectual Property Administration said that it has received about 16,000 trademark applications related to the metaverse in Chinese and English in its trademark database.

Douyin and TikTok Garner $266 Million in January

On Wednesday, Sensor Tower released data that in January 2022, TikTok and Douyin earned a total of $266 million through Apple's App Store and Google Play, 2.1 times that of January of 2020.

iQIYI Announces New Chief Financial Officer

On Tuesday, iQiyi, an online entertainment service provider in China, appointed Jun Wang as its new Chief Financial Officer.

Vice President of Chinese Streaming Platform iQiyi Che Che Leaves Company

Che Che, Vice President of Chinese streaming platform iQiyi and head of YOH Studio, announced his resignation from iQiyi on Thursday via his personal Wechat account.

Mogu Inc. Cuts 80% of Technology Workforce

Mogu Inc., a Tencent-backed fashion e-commerce platform, is laying off more than 30% of its staff. Layoffs have rocked China’s tech sector over the past month, affecting some of the country’s biggest tech companies.

ByteDance Cancels Talent Development Center in Effort to Streamline HR Department

ByteDance's internal email showed that the internet giant had recently cancelled its Talent Development Center. The existing team members have been given priority for internal transfers, and if there were no suitable positions, they would likely leave the company.