iQiyi

Chinese streaming giants iQiyi and Tencent are gaining on Netflix in Southeast Asia via original productions, free services with ads, and low-fee subscriptions

Nikkei Asia :

China's mini-drama industry grew 35% YoY to ~$6.91B in 2024, surpassing the country's box office and forcing iQiyi and Tencent to embrace short-form programming

Sohee Kim / Bloomberg : Bluesky: @lauridonahue . LinkedIn: Sohee Kim See also Mediagazer Bluesky: Lauri Donahue / @lauridonahue : Every example I've seen of these micro-episode series has been utter ...

Baidu reports Q4 revenue down 1% YoY to ~$4.8B, beating estimates, net income up 189% YoY to ~$718M, iQiyi revenue up 3% YoY to ~$1.1B, and a $5B share buyback

Zheping Huang / Bloomberg :

Baidu's video streaming service iQiyi signs a content deal with Douyin, TikTok's sister app in China, ending a long dispute over alleged copyright infringement

Cissy Zhou / Nikkei Asia :

China's iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending

Iris Deng / South China Morning Post :

China's iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending

The Nasdaq-listed company, majority-owned by search giant Baidu, made a profit of 169.1 million yuan (US$26.7 million) …

Reports suggest large Chinese tech companies like ByteDance, Kuaishou, and iQiyi are laying off more staff than usual, amid regulatory pressure and competition

Taiwan to stop local sales for Chinese internet streamers iQiyi and Tencent, but won't block them as users will still be able to buy overseas subscriptions

Taiwan to ban Chinese streaming giants iQiyi and Tencent from September, prohibiting Taiwanese individuals and organizations from working with the companies

South China Morning Post :

Baidu reports Q2 revenue of $3.7B, flat YoY, and iQIYI revenue up 4% YoY, as online ad revenue fell 28% YoY; iQIYI unit is under investigation for fraud by SEC

Eric J. Savitz / Barron's Online :