INDUSTRY BRIEF: China eases TV drama restrictions, industry sees turning point
China’s television drama industry is seeing its most significant regulatory relaxation in nearly 20 years, according to a report in financial media Caixin. The National Radio and Television Administration (NRTA)…
BRIEF: iQiyi’s revenue sags as company falls back into the red
Online video service provider iQiyi Inc. (IQ.US) said on Wednesday its revenue fell 11% year-on-year in the second quarter to 6.63 billion yuan ($923 million), as it slipped back into…
Xunlei rediscovers its ‘thunder’ with return to video roots
The provider of cloud and video services’ revenue rose 30.6% in the second quarter, boosted by an 86% rise for its livestreaming services Key Takeaways: Xunlei’s stock is up more…
BRIEF: iQiyi’s revenue falls as advertising, membership services slump
Online video platform iQiyi Inc. (IQ.US) on Wednesday reported its revenue slumped 9% year-on-year in the first quarter, dragged down by declines for its core membership and advertising services. The…
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…
BRIEF: iQiyi’s profit plunges amid fierce competition
Video streaming platform iQiyi Inc. (IQ.US), majority-owned by Baidu, reported on Thursday its profit plunged 80% in the second quarter to 68.7 million yuan ($9.6 million) from 365 million yuan…
iQiyi beats profit estimates but leaves subscriber numbers a mystery
Lacking a megahit drama series this time, the Chinese streaming platform logged lower first-quarter earnings but still exceeded market expectations Key Takeaways: The platform’s operating revenue fell 5% in the…
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