IQIYI

iQIYI Announces Proposed Offering of American Depositary Shares

Retrieved on: 
Tuesday, January 17, 2023

BEIJING, Jan. 17, 2023 /PRNewswire/ -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced an underwritten public offering (the "Offering")  of 76,500,000 American Depositary Shares, each representing seven Class A ordinary shares, par value $0.00001 per share, of the Company (the "ADSs").

Key Points: 
  • BEIJING, Jan. 17, 2023 /PRNewswire/ -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced an underwritten public offering (the "Offering")  of 76,500,000 American Depositary Shares, each representing seven Class A ordinary shares, par value $0.00001 per share, of the Company (the "ADSs").
  • The Offering will be made pursuant to an effective shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov.
  • A preliminary prospectus supplement and accompanying prospectus related to the Offering have been filed with the SEC and will be available on the SEC's website at www.sec.gov.
  • This press release contains pending information about the Offering, and there can be no assurance that the Offering will be completed.

iQIYI Original Drama "Why Try To Change Me Now" Selected for Berlinale Series

Retrieved on: 
Tuesday, January 17, 2023

BEIJING, Jan. 16, 2023 /PRNewswire/ -- iQIYI has announced on Jan. 17 that original Chinese series Why Try To Change Me Now has been selected for the Berlinale Series section of the 73rd Berlin International Film Festival, making it the first Chinese language drama series to be chosen for this section.

Key Points: 
  • BEIJING, Jan. 16, 2023 /PRNewswire/ -- iQIYI has announced on Jan. 17 that original Chinese series Why Try To Change Me Now has been selected for the Berlinale Series section of the 73rd Berlin International Film Festival, making it the first Chinese language drama series to be chosen for this section.
  • As a selected series, it will also be competing for the inaugural Berlinale Series Award.
  • The Berlinale Series is a well deserved recognition for Why Try To Change Me Now and has cemented its place in history.
  • Why Try To Change Me Now has emerged as Berlinale's first nominated Chinese drama series in the Berlinale Series section since it was introduced in 2015.

IDC Tracker Finds Upward Pricing Putting Downward Pressure on AR/VR Headsets

Retrieved on: 
Tuesday, December 20, 2022

Global shipments for AR and VR headsets will decline by 12.8% in 2022, dropping to 9.7 million units.

Key Points: 
  • Global shipments for AR and VR headsets will decline by 12.8% in 2022, dropping to 9.7 million units.
  • The next closest competitor has been ByteDance's Pico with 7.4% share over the same period.
  • However, each of these companies will face challenges next year as Sony's next generation headset launches and Apple also enters the market.
  • IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe.

iQIYI Announces Closing of Private Placement of Convertible Notes to PAG

Retrieved on: 
Tuesday, January 3, 2023

With the closing of this investment, iQIYI will continue to enhance and expand its business operations, develop its original content, and improve its working capital.

Key Points: 
  • With the closing of this investment, iQIYI will continue to enhance and expand its business operations, develop its original content, and improve its working capital.
  • The Notes bear an interest rate of 6% per annum and will mature on the fifth anniversary of the issuance date.
  • "PAG sees value where value is," said Mr. Yu Gong, Founder, Director and Chief Executive Officer of iQIYI.
  • PAG is an alternative investment firm focused on the Asia Pacific region with three core strategies: Credit & Markets, Private Equity, and Real Assets.

"Super Sketch Show" Season 2 Shows iQIYI's Commitment in Promoting Comedy Genre

Retrieved on: 
Friday, December 23, 2022

The show, a massive hit in China since its debut, marks iQIYI's commitment in the development of comedy shows.

Key Points: 
  • The show, a massive hit in China since its debut, marks iQIYI's commitment in the development of comedy shows.
  • iQIYI has always been pioneering the comedy content innovation in China, and recognized as the leader of this genre.
  • The second season of the Super Sketch Show introduces several innovations in the show's format and content.
  • In December, iQIYI launched Super Sketch Show season 2 digital collectibles -- Comedy Family, which includes five digital collectibles such as X-Trendsetter and X-Meditator.

Beijing Radio and Television Station Beijing Time Announces the Preview of the 2nd Beijing International Canal Art Week

Retrieved on: 
Sunday, December 11, 2022

From December 10 to 12, the program will be aired at 20:00 (GMT+8)

Key Points: 
  • From December 10 to 12, the program will be aired at 20:00 (GMT+8)
    every night, with short videos to be launched at 8:00 (GMT+8) the next day.
  • Audiences can also enjoy the World Canal Heritage Exhibition and the contents of the first Beijing International Canal Arts Fest.
  • Overseas audiences can watch them through iTalkBB, Beijing Time Official Channel of Youtube and Radio Beijing International Channel of Youtube.
  • What's more, at around 20:00 (Local Time) on December 12, the unabridged director's cut will be broadcast on CICC.

ONE Championship Welcomes Stage Front VIP as Global VIP Experience Partner

Retrieved on: 
Friday, December 9, 2022

ONE Championship (ONE), the worlds largest martial arts organization, today welcomed Stage Front VIP as its official VIP experience partner.

Key Points: 
  • ONE Championship (ONE), the worlds largest martial arts organization, today welcomed Stage Front VIP as its official VIP experience partner.
  • The multi-year partnership will see Stage Front VIP become ONEs official VIP experience partner globally, as well as its exclusive VIP experience partner in North America, which includes ONEs on-ground U.S. debut at Colorados 1stBank Arena on Friday, May 5.
  • Stage Front VIP has served as the official VIP experience partner to several major franchises in sports and entertainment, including LaLiga, Matchroom Boxing, and Front Row Motorsports.
  • Claire Ng, Vice President and Global Head of Partnerships at ONE Championship, said: Were delighted to welcome Stage Front VIP as our VIP experience partner.

A show with six times more engineers than show directors: the world's first VR game-based variety show MEMOON PLAYER

Retrieved on: 
Monday, December 12, 2022

BEIJING, Dec. 12, 2022 /PRNewswire/ -- MEMOON PLAYER, a virtual reality (VR) game-based variety show is currently being aired in China on online video platform IQIYI.

Key Points: 
  • BEIJING, Dec. 12, 2022 /PRNewswire/ -- MEMOON PLAYER, a virtual reality (VR) game-based variety show is currently being aired in China on online video platform IQIYI.
  • MEMOON PLAYER is the first variety show in the world to enable interactions between the virtual and real worlds by integrating holography into a motion capture studio.
  • To generate unprecedented stage effects, the show deploys a variety of the most cutting-edge technologies, including real-time mo-cap, VR, holography, XR, AR, and MR.
  • MEMOON PLAYER is a new breed of variety show enabled by technology, delivering a relaxing and happy viewing experience to all viewers.

iQIYI Launches World's First Virtual Reality Game Show Memoon Player

Retrieved on: 
Friday, December 9, 2022

BEIJING, Dec. 9, 2022 /PRNewswire/ --iQIYI, an innovative market-leading online entertainment service in China, released the virtual reality (VR) variety game show Memoon Player with the first episode airing on Dec. 9.

Key Points: 
  • BEIJING, Dec. 9, 2022 /PRNewswire/ --iQIYI, an innovative market-leading online entertainment service in China, released the virtual reality (VR) variety game show Memoon Player with the first episode airing on Dec. 9.
  • An iQIYI original production, Memoon Player invites viewers to join the show participants on their exciting adventure in the VR-constructed setting of "Memoon land," a virtual space based on actual geographic regions on the Moon but created through VR technologies.
  • Released in conjunction with the show was the "Memoon Land" APP, a virtual interactive space designed to offer users a fully immersive viewing experience with integrated social elements.
  • Memoon Playershowcased a seamless transition between the virtual and real worlds,which was enabled by an array of virtual production technologies, including virtual shooting, virtual games, XR, and holography.

data.ai Forecast: Time Spent in Mobile Apps Will Surpass 6 Trillion Hours by 2028

Retrieved on: 
Thursday, December 8, 2022

One of five projections in the report reveals that time spent on mobile will surpass 6 trillion hours by 2028 a 34% increase over five years.

Key Points: 
  • One of five projections in the report reveals that time spent on mobile will surpass 6 trillion hours by 2028 a 34% increase over five years.
  • Global mobile ad spend to hit $362 Billion - Mobile will take over the share of the advertising wallet as more time is spent in apps, with total hours on track to surpass 4 trillion on Android phones alone in 2022.
  • 14 others will join the $2 billion app club these include: Call of Duty, Uma Musume Pretty Derby, and Bumble.
  • Mobile will remain at the heart of consumers' lives as demand for digital connection, self-expression, and deepening personalization of apps will fuel sustained growth in time spent."