Chinese Streamer iQiyi Increases Profits in First Quarter

Variety) Chinese video streamer iQiyi reported increased profits in the first quarter of the year, derived from lower revenue.The company, which is NASDAQ-listed but majority owned by Chinese tech giant Baidu, said that net income attributable to iQiyi grew to RMB655 million ($90.8 million), compared to RMB618 million in the same period in 2023…

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