iQIYI, Inc. American Depositary Shares - IQ STOCK NEWS

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.

iQIYI (NASDAQ: IQ) launched the third season of its variety show Youth With You 3 on February 18, 2021. The show features 119 contestants competing for a chance to debut as idols, with the audience voting for winners. Youth With You 3 achieved a content popularity index of 9,500 shortly after its debut, becoming the highest-rated variety show. It offers global viewers the opportunity to vote for contestants through the iQIYI platform and has subtitles in 10 languages. This season includes notable mentors like LISA from BLACKPINK and aims to inspire youth to pursue their dreams.

iQIYI, Inc. (Nasdaq: IQ) reported its unaudited financial results for Q4 and FY 2020 on February 17, 2021. Q4 total revenues reached RMB7.5 billion (US$1.1 billion), a 1% decline year-over-year. Operating losses were RMB1.3 billion (US$200.4 million), significantly improving from RMB2.5 billion in Q4 2019. The total subscribing members decreased to 101.7 million. FY 2020 revenues were RMB29.7 billion (US$4.6 billion), a 2% increase, despite a net loss of RMB7.0 billion (US$1.1 billion). For Q1 2021, iQIYI anticipates revenues between RMB7.07 billion and RMB7.53 billion, indicating a year-over-year decrease.

iQIYI, Inc. (Nasdaq: IQ) announced its partnership with IMAX and DTS to launch IMAX Enhanced on its QIYIGuo TV application, offering users a high-quality movie-watching experience at home. This service combines 4K HDR content with DTS audio technologies, marking iQIYI as one of the first platforms in China to provide this feature. Subscribers can enjoy acclaimed films such as Inferno and Men in Black 3. The initiative aligns with a growing trend of smart TV use, indicating a significant shift in consumer behavior towards big-screen entertainment.