iQIYI, a leading provider of online entertainment video services in China, announced an underwritten public offering (the "Offering") of 76,500,000 American Depositary Shares, each representing seven Class A ordinary shares, par value $0.00001 per share, of the Company (the "ADSs"). The Company intends to grant the underwriters a 30-day option to purchase up to an aggregate of 11,475,000 additional ADSs. The Company plans to use the...
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After the recent run-up, the excellent performance of the management
Blade Network Technology was ordered to compensate$iQIYI (IQ.US)$for providing a platform for users to rent iQiyi accounts and charging a handling fee. Although it is users who rent accounts, the company established the platform to provide account renting service, which is commonly prohibited in the video industry and violates the principle of good faith and basic business ethics, the court decided. Membership business is the core reven...
In September, Tiktok and overseas Tiktok won the first place in the global mobile application (non-game) revenue list for consecutive years. Among them, about 49.2% of the revenue comes from the Chinese version of Tiktok; The US market ranked second, contributing 16.6% of the revenue; Japan ranked third, accounting for 3.4%. YouTube ranked second on the list with reven...
Revenue for Film Producers, Driving Industry Growth$iQIYI (IQ.US)$, an innovative market-leading online entertainment service in China, announced recently that it has further upgraded the revenue sharing system of its Cloud Cinema Premiere model where producers now share most of the revenues earned. The company also disclosed data on the top-earning films that have been rel...
Tang Xing, the CTO of Alibaba‘s overseas e-commerce operations and the general manager of AliExpress Basic Platform Center, has left the firm. According to sources close to Tang, the executive has departed for personal reasons. Tang Xing used to be the technical director of the$Alphabet-A (GOOGL.US)$Shanghai R&D Center, and was participating in the R&D of YouTube’s video search service. In March 2012, he became the CTO of$iQIYI (IQ.US)$, a Chine...
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Lazada has grown a lot. No wonder Alibaba needs to increase investment to let it enter the European market. Ali always has a way to deal with crises
Meanwhile, Baidu-backed video streaming platform iQIYI and ByteDance’s short video app Douyin have just announced a new cooperation deal, under which the two sides will jointly explore secondary creation and the promotion of long-form video content. Tencent Video issued a statement denying reports of its strategic cooperation with short video streaming platform Kuaishou on the secondary creation of long-form videos on yesterday....
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