iQIYI, Inc. American Depositary Shares - IQ STOCK NEWS

iQIYI Inc. (NASDAQ: IQ) has announced the release of two interactive 4D virtual reality movies, Virus Crisis and The Mystery of Kunlun, by its DreamVerse Studio. These films offer audiences a revolutionary full-sensory cinematic experience, utilizing advanced VR technology to engage all five senses. The studio aims to lead China's VR entertainment industry, and has secured significant funding for its VR division. With plans for more multi-sensory titles ahead, iQIYI is enhancing its position in offline multi-sensory entertainment.

iQIYI, Inc. (NASDAQ:IQ), a leading online entertainment service in China, announced board changes effective March 18, 2021. Junjie He, Corporate Vice President of Baidu, Inc., has been appointed as a director. He brings extensive expertise from his roles in Baidu's Financial Planning and Mergers & Acquisitions. He replaces Haifeng Wang, who has resigned from the Board. iQIYI continues to enhance its technology-driven platform and diversified monetization strategies to maintain its industry leadership.

iQIYI (NASDAQ: IQ) has partnered with G.H.Y Culture & Media to establish a talent management agency in Singapore, targeting Southeast Asia's entertainment market. This joint venture aims to discover and promote local talent, with a talent search program planned for countries like Singapore, Malaysia, Thailand, Indonesia, and the Philippines. The initiative will stream exclusively on iQIYI's platforms. The move signals iQIYI's intention to expand its footprint and reinforce its commitment to regional media while launching new productions, including 'The Ferryman: Legends of Nanyang.'

iQIYI Inc. (NASDAQ: IQ) has announced a collaboration with Clover Films to co-produce four movies, marking a significant venture into the Chinese market for Singaporean filmmakers. The movies will focus on Mandarin content, featuring directors like Kelvin Tong and Ong Kuo Sin. Clover Films will handle international distribution, while iQIYI will manage distribution in China. This partnership aims to fuse talents from both countries and is part of iQIYI's ongoing strategy to enhance its presence in the film industry, continuing its commitment to quality content creation.

iQIYI, Inc. (Nasdaq: IQ) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on March 9, 2021. The report is available on its investor relations website. The company offers free hard copies of the audited financial statements to shareholders and ADS holders upon request. As a leading online entertainment service in China, iQIYI integrates innovative technology with creative talent, providing a diverse range of content and monetization models, including membership services and online advertising.

iQIYI launched Cloud Show, China's first interactive XR online performance, bringing together real and virtual elements for a unique entertainment experience. The inaugural concert, performed by the popular girl group THE9, features advanced XR technology, allowing viewers to engage through various camera angles and interactive elements. Additionally, iQIYI has established a virtual production base and a cloud ticketing system to enhance user experience. This innovation positions iQIYI to capitalize on the growing demand for immersive entertainment among young audiences.

iQIYI has announced the launch of Super Fans, a monetization model for its video-sharing platform Suike, aimed at enhancing creator income and fan engagement. Suike is the first platform in China to implement this model, allowing creators to establish fan-subscription channels. Early adopters have reported significant income boosts, with one creator quadrupling orders in just three days. The model aims to strengthen community ties and support creators with comprehensive resources, further enhancing iQIYI's market position.

iQIYI Inc. (NASDAQ: IQ) announced that its historical comedy series My Heroic Husband has become China's first mega-hit show of 2021, achieving a content popularity index of 10,000. This index reflects user interaction rather than just view counts, indicating high-quality content. The series addresses themes like gender equality and has sparked significant viewer discussions, registering over 2.12 billion views on related hashtags. iQIYI plans to release two episodes daily to meet demand. The show's success showcases iQIYI's commitment to producing impactful content in China's entertainment landscape.

iQIYI Inc. (NASDAQ: IQ) has become the first Chinese streaming platform to adopt the Interoperable Master Format (IMF), launching its new drama series To Be With You using this innovative media framework. IMF simplifies media file exchange by allowing separate storage for video, audio, and subtitles, enhancing production quality while reducing costs. Leveraging high-quality formats like 4K and JPEG2000, iQIYI aims to provide an exceptional viewing experience and streamline content delivery. This move positions iQIYI as a leader in China's online entertainment sector.