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Iqiyi, Inc. engages in the provision of internet video streaming services. It also operates a smart television streaming service and an entertainment-based social media platform, iQIYI Paopao. Read More The company was founded by Yu Gong in November 2009 and is headquartered in Haidan District, China.
Haidian District, Beijing
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iQIYI Stock Is on a Tear, But Don’t Rush to Buy It
Since the start of the year, China’s iQIYI (NASDAQ: IQ ) stock has been on a tear. A Chinese internet vide company, iQIYI was spun off from Chinese search engine Baidu (NASDAQ: BIDU ). IQ stock, which sold for under $15 at the start of January, was trading for $26 this afternoon. (IQ stock had briefly topped $43 after its April 2018 IPO.) But the recent rally of IQ stock price is the kind of run-up that justifies the faith of bulls in what has been called the “(NASDAQ:) of China.” Those who are considerin...
Markets InsiderMar 19
iQIYI and China Unicom Beijing Collaborates on Commercialization of 5G Technology
BEIJING, March 19, 2019 /PRNewswire/ -- iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment company in China, today announced the launch of its 8K VR visual experience at China Unicom's 5G Innovation Showroom in Beijing, in effort to explore the commercialization of 5G technology. The two companies will collaborate to jointly produce customized VR products in the future. Along with China Unicom's 5G network, the 8K VR visual experience is brought to custome...
Seeking AlphaMar 19
IQiyi looks to crack blockbuster short-video app market
IQiyi (NASDAQ:IQ) is aiming at rival TikTok with plans to enter the short-video app market, an area crowded with viral hits. That might involve fine-tuning an existing app or creating a new one, founder/CEO Gong Yu tells Bloomberg. “We’ve made some attempts and have some standalone short video apps, but we haven’t seen one generate huge traffic. We still need trials, and to get more users,” he says. “I hope before the end of 2020 that we can get an app with more than 10M daily active users.” Rivals like ...
Expected Apr 25, After Hours