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iQIYI, Inc.

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iQiyi Lays off Employees to Reduce Costs

Chinese video platform iQiyi had begun laying off employees today which, according to some who had been laid off, is the largest round of layoffs in the company’s history to date, Sina Tech reported on Wednesday. iQiyi has not issued a…

Sell iQIYI Before It’s Too Late

Summary You cannot be the number two player in China’s video streaming market and still be burning cash and unprofitable. In addition, latest quarterly earnings do not show improvements in subscribers growth. Despite the beat in EPS…