Iqiyi, formerly known as Qiyi, is a high-quality video entertainment service provider in China. On April 22, 2010, the company officially launched the brand upgrade of “iqiyi” brand and launched a new logo. On May 7, 2015, < / P > < p > from 2015 to 2019, iqiyi’s revenue was 5.29 billion yuan, 11.274 billion yuan, 17.378 billion yuan, 25 billion yuan and 29 billion yuan respectively, but the relative net loss increased year by year. From 2015 to 2019, iqiyi’s net losses were 2.575 billion yuan, 3.074 billion yuan, 3.737 billion yuan, 9.1 billion yuan and 10.3 billion yuan respectively. According to the latest financial report, iqiyi’s total revenue in the first quarter was 7.6 billion yuan, and the market was expected to be 7.256 billion yuan, compared with 7 billion yuan in the same period last year. The net loss attributable to the company was 2.9 billion yuan, the market expected loss was 2.831 billion yuan, and the loss in the same period last year was 1.8 billion yuan. < p > < p > iqiyi looks forward to the performance in the second quarter of 2020. It is estimated that the total revenue will be between RMB 7.25 billion (about US $1.02 billion) and RMB 7.67 billion (about US $1.08 billion), with a year-on-year growth of 2% and 8%.
according to Iqiyi annual report 2019, Baidu holds 2 billion 876 million shares of B class shares, 7 million 930 thousand shares of A-shares, the company’s total share capital is 5 billion 136 million shares, Baidu shares accounted for 56.16%, has 92.7% of the voting rights, Robin Li is the chairman of the company’s board of directors, Baidu chief technology officer Wang Haifeng served as director. < p > < p > it is worth noting that on June 17, people familiar with the matter reported that Tencent (00700) is seeking to become the largest shareholder of rival iqiyi to reduce costs and cope with competition in the industry. According to the news, Tencent contacted Baidu, which holds 56.2% of iqiyi’s shares, but the scale of Tencent’s planned purchase has not been determined at this stage. Guo Feng, Baidu’s public relations director, responded: “don’t guess. Iqiyi is an important part of Baidu’s content ecological strategy, and Baidu will continue to support the development of iqiyi. ”