Baidu, China's search engine market leader, is to buy back up to $1 billion of its own shares, the company announced Thursday.
Rising content costs and decreasing operating margins at online video subsidiary iQIYI contributed to flat profits at Chinese Internet giant Baidu at a time of steeply increasing revenue.
The rout on China's roller coaster stock markets has dented the business plans of media and entertainment firms. Real damage could follow.
Subscriber data from iQIYI and Alibaba's plan to enrich its Internet Plus roster underline the obstacles to penetrating China's SVoD market
Chinese online video company iQIYI Tuesday revealed that it has over 5 million paid-for subscribers to its premium VoD system.
Chinese Internet giant Baidu reported revenues up by 34% in the first quarter of 2015. Mobile now accounts for 50%.
China's Spring Festival Gala is estimated to have been watched by some 450 million people.
Mobile revenues exceed PC-based services after two years of rebuilding
SINGAPORE – Mainland Chinese online video portal iQIYI plans to more than double original production in 2015, with at least 30 titles and 500 episodes on the slate so far compared to 13 in 2014…
Giant smart phone maker now has stakes in rival online video companies.
Privately-controlled consumer electronics giant to buy share stakes, seek content partnerships and united fan communities