Gong Yu

iQiyi to acquire 1,000 US films next year

Chinese on-demand service iQiyi has revealed it will acquire more than 1,000 US feature films next year. This is to “satisfy growing demand” from users for content from the States, Baidu-owned iQiyi said. In June this year, iQiyi subscribers watched more American films than Chinese-language movies for the first time. iQiyi CEO Gong Yu last […]

Chinese web service Baidu buys video platform

China’s largest internet provider Baidu has acquired a local video on-demand platform for US$370 million, a move that makes it the territory’s largest VOD player by some counts. The acquisition of the online video business of Shanghai-based PPS will place Baidu in deeper competition with the current market leader, Youku-Tuduo. Baidu will merge PPS with […]