iQIYI, Inc. American Depositary Shares - IQ STOCK NEWS

On October 8, 2021, iQIYI CEO Gong Yu spoke at the 11th Beijing International Film Festival, discussing the impact of technology on film and TV industries in China. He emphasized the emergence of two distinct markets for Premium Video on Demand (PVOD) and Subscription Video on Demand (SVOD), enhancing distribution models. Gong highlighted the importance of technological innovation for reducing costs and maximizing returns. iQIYI's 'Full Investment and Full Control' model aims to strengthen film industrialization, evidenced by the success of the film Break Through the Darkness, which grossed RMB 400 million.

iQIYI Inc. (NASDAQ: IQ) has expanded its strategic collaboration with FC Barcelona, launching the new premium membership program, iBarça Membership, on September 14, 2021. This membership allows fans in China to view all La Liga games for the 2021/22 season and access exclusive content. Subscribers will receive multilingual commentary, Barça TV content in Mandarin, and benefits like discounted tickets and merchandise. iQIYI holds La Liga rights until 2029, enhancing its commitment to premium content development and catering to the growing fan base in China.

iQIYI Inc. (NASDAQ: IQ) has announced the success of its romantic drama series One and Only, which has achieved a content popularity index exceeding 8,500 on its platform and ranked highly on various Chinese content platforms. The show garnered over 8.69 million searches and over 517 trending topics in China, while also generating significant buzz on global social media, including 4.5 million posts. The company has engaged viewers through interactive sessions, receiving over 15,000 messages within a minute during a cast Q&A. iQIYI's strategy includes launching a collection of romance dramas appealing to younger audiences.

iQIYI Inc. (NASDAQ: IQ) announced the launch of Co-Viewer and Co-Time, innovative tools designed to enhance video review processes in the film and TV industry. These platforms aim to double review efficiency by facilitating better communication among production teams, especially those operating across different time zones. The tools offer features like secure storage, version comparison, and real-time commenting. Notably, they have already improved workflows for iQIYI's original series, including The Tales of Wonder Keepers, showcasing iQIYI's commitment to technological advancements in entertainment.

iQIYI Inc. (NASDAQ: IQ) has unveiled its latest VR headset, the QIYU 3, aiming to strengthen its premium VR entertainment ecosystem. The launch event showcased advanced features including dual 4K+ screens, Qualcomm's Snapdragon XR2 chipset, and a proprietary interactive system. Early buyers will receive 30 premium games for free. With a focus on innovative content and technology, iQIYI plans to enhance its VR ecosystem and will sell the QIYU 3 on major Chinese e-commerce platforms starting September 3, 2021.

iQIYI (Nasdaq: IQ) announced that its original drama series, The Ideal City, premiered on August 12 and has gained significant popularity. The series, adapted from Ruo Hua Ran's novel, garnered interest from 1.5 million subscribers before its release and achieved over 1 billion views of related hashtags on Weibo by August 23. The show addresses contemporary social issues, showcasing young architects navigating their careers. Directed by award-winning Liu Jin and featuring acclaimed actors like Sun Li and Mark Chao, iQIYI aims to continue producing quality original content.

iQIYI, Inc. (Nasdaq: IQ) announced its second quarter results for 2021, reporting total revenues of RMB7.6 billion (US$1.2 billion), a 3% year-over-year increase. The operating loss narrowed to RMB1.1 billion (US$173.7 million), improving from the previous year’s RMB1.3 billion loss. Despite a net loss of RMB1.4 billion (US$216.4 million), the diluted net loss per ADS decreased to RMB1.75 (US$0.27). The subscriber count reached 106.2 million, driven by successful original content. The company expects third-quarter revenues between RMB7.62 billion and RMB8.05 billion, indicating potential growth.

iQIYI Inc. (NASDAQ: IQ) announced that its original interactive VR film, The Final Wish, has been shortlisted for an award at the Venice International Film Festival. The film, launching in mid-August, will be screened online from September 1 to 11, 2021. This marks the third time a Chinese Mainland original VR production has received such recognition. The Final Wish is a key immersive 8K HD VR project for iQIYI, featuring multiple narratives and interactive elements, aiming to enhance user engagement. The company plans to continue developing original VR content.

iQIYI Inc. announced the release of its original rap show New Generation Hip-Hop Project on July 31, aimed at nurturing new talent among Generation Z rappers. The show introduces a standardized training system and features celebrity judges from the music industry, providing a unique platform for aspiring rappers. This initiative comes amid the rapid growth of the Chinese rap market, reflecting changing audience tastes. iQIYI aims to strengthen its influence in the entertainment sector while promoting self-expression among youth.