BRIEF: iQiyi’s profit drops as membership revenue declines
Video streaming platform iQiyi Inc. (IQ.US) announced on Thursday its revenue fell 10% year-on-year to 7.2 billion yuan ($1 billion) in third quarter, while its net profit dropped 52% to…
Strawbear slips into the red but seeks salvation in AI
The drama production company has lost 90% of its market value since an IPO three years ago, and just posted its first annual loss Key Takeaways: Strawbear Entertainment made a…
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