NEWS WRAP: iQiyi growth stalls in fourth quarter, as it posts first annual profit
The Baidu-backed video streaming platform became profitable after a major strategy shift in 2022, but now faces new challenges from China’s slowing economy By Teri Yu iQiyi Inc. (IQ.US),…
Take Four: Nicefilm rides entertainment rebound to new listing attempt
After failing three times, the web series maker hopes to succeed in its latest Hong Kong listing application as its film and television businesses show signs of reviving Key Takeaways:…
FAST NEWS: iQiyi Turns Profitable on Rising Memberships
The latest: Chinese video platform Beijing iQiyi Science & Technology Co. Ltd. (IQ.US) announced Wednesday that its revenue rose 3% year-on-year to 7.59 billion yuan ($1.1 billion) in last year’s fourth quarter. It recorded a 304…
Bilibili Trades on Strong Name in Debt-for-Shares Swap
The popular video site sold $409 million in new shares ahead of its fourth-quarter results release, and will use part of the proceeds to buy back debt coming due in…
YH Entertainment Takes Its Act to the Hong Kong Stock Exchange
The idol-making success story has been approved for a Hong Kong IPO and is expected to debut as the exchange’s first talent agency stock next month Key Takeaways: YH Entertainment…
Despite iQiyi Denial, Is Baidu Set to Roll Credits on Its Video Affiliate?
Baidu is rumored to be seeking to sell its controlling stake in iQiyi, a video platform dubbed “China’s Netflix”. The report was denied by iQiyi, but Baidu’s silence is stoking market…
Bilibili Gains More Paying Users But Has Work To Do on Cost Control
The video-sharing platform Bilibili reported a sharply wider loss, raising concerns about its ability to contain costs (more…)