iQIYI Inc

China’s ‘Netflix’ iQiyi pivots toward an aging population in an AI era

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China’s ‘Netflix’ iQiyi pivots toward an aging population in an AI era

IQiyi, sometimes dubbed the “Netflix” of China, swung to a profit in 2023 for the first time since it listed in the U.S. in 2018. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video streaming platform iQiyi is turning its attention to the country’s aging population, while using artificial intelligence tools to bolster content … Read more

IQiyi posts first year of profits and says it’s ‘excited’ about Sora

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IQiyi posts first year of profits and says it’s ‘excited’ about Sora

A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is “excited” about potential new business opportunities with the emergence of OpenAI’s text-to-video tool Sora. Speaking exclusively to CNBC … Read more