iQiyi’s revenue falls 5% in the second quarter
Online video company iQiyi Inc. (IQ.US) on Tuesday reported its revenue fell 5% year-on-year to 6.29 billion yuan ($933 million) in the second quarter, as it moved ahead with its…
AI valuations take flight, while China’s low-altitude economy crashes into reality
"It's always all about money. Anything AI requires a tremendous amount of investment." – on Kuaishou’s decision to spin off its Kling AI video unit Rene Vanguestaine Key Takeaways: Kuaishou's…
Kuaishou’s AI ace valued at $18 billion as countdown to spinoff begins
The short video giant is preparing to cut the financial cord with its Kling unit, opening up new valuation room for the popular AI video asset Key Takeaways: Kuaishou is…
iQiyi names Tian Ying as new CFO
Online video platform iQiyi Inc. (IQ.US) named Tian Ying as its new CFO on Thursday, filling a position that was vacated in January when long-serving CFO Wang Jun stepped down…
Xunlei charms market with share buyback, as global business faces slowdown
The online video company will repurchase up to $20 million worth of its shares, as it sits on a cash pile and a major investment that combined are worth more…
BRIEF: iQiyi returns to revenue growth on big gains for content distribution business
Online video site iQiyi Inc. (IQ.US) reported on Thursday its revenue rose 3% year-on-year to 6.79 billion yuan ($992 million) in the fourth quarter of 2025, representing its first growth…
China Literature stuck in a print world being overwritten by video
The online literature company lost up to 850 million yuan last year, largely due to a massive charge related to its New Classics Media video acquisition Key Takeaways: China Literature…
