On August 1, iQiyi (NASDAQ: IQ) released the company’s unaudited financial report for Q2. The report shows that iQiyi’s Q2 total revenue rose 51% year over year to 6.2 billion yuan ($932.5 million). The company remains unprofitable with a loss of 1.3 billion yuan ($200.7 million) during the reporting period. Read More
Youku, a leading video streaming service owned by Alibaba, is suing online content aggregator Toutiao (in Chinese) and video platform Yuncheng Sunshine Media (our translation; 运城阳光传媒 in Chinese) for distributing the movie Wolf Warriors 2. Read More
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