Similar Stories to Profits Crumble By 80% At Iqiyi, Chinese Video Streamer, In Second Quarter on Bing News

China-based video streaming company iQiyi recorded a 5% decrease in revenue in the second quarter and an 80% plunge in net profits. The firm said Thursday that revenues in the April to June period came in at RMB7.45 billion ($1.04 billion at current rates of exchange), down year-on-year and also 6% lower than the first […]

Topics:  april   june   rmb7   profits   iqiyi   video   quarter   billion   
BING NEWS:
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  • Netflix Readies Chinese-Language Content Plans, Unveils Teaser For ‘Born For The Spotlight’
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  • iQIYI, Inc. (IQ): Should You Add This Cheap Chinese Penny Stock To Your Portfolio Now?
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