iQiyi, Chinese Video Streamer, Profits Halved in Third Quarter

Chinese video streaming group iQiyi incurred setbacks in subscriptions and advertising, but was able to improve its content sales, leading to a July to September quarter that was down in revenue and profit terms. Total revenues were RMB7.2 billion ($ 1.0 billion), a decrease of 10% year over year in the third quarter of iQiyi’s current […]
Variety