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Baidu Reports Qtrly Non-GAAP Diluted Earnings Per ADS RMB 12.61
IQIYI Reports Q3 Revenue Of RMB 7.4 Billion
Iqiyi Announces Strategic Partnership With Malaysia's Leading Media Brand Astro
iQIYI, Inc. is a China-based company principally engaged in the provision of online entertainment services. The Company mainly provides genuine video content such as movies, television dramas, variety shows and anime through its application platform. Through the platform, the Company mainly provides The Lost Tomb, The Mystic Nine, Burning Ice, Qipa Talk, The Rap of China and other programs for its customers. The Company has built an entertainment-based social media platform, iQIYI Paopao, for fans to follow and interact with celebrities and the entertainment community.
9/F Iqiyi Innovation Building
No.2 Haidian North Street, Haidian
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Baidu Inc <BIDU.O> reported better-than-expected third-quarter profit and revenue as more people signed up with the company's video streaming platform iQIYI <IQ.O>, sending the Chinese search engine company's shares up 5% after market.
China search engine operator Baidu Inc reported a 1.4% rise in quarterly revenue that beat estimates on Monday, aided by strong growth in its video streaming platform iQIYI.
(This June 24 story corrects to add company clarification that iQiyi's partnership with Netflix has ended, not ongoing. Removes quote which suggested that partnership was ongoing.)
Video-streaming firm iQIYI, backed by search engine giant Baidu, returned to the capital markets on Wednesday with a $1.05 billion six-year convertible bond, in what is the second-largest such deal by a U.S.-listed Chinese company.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.