iQiyi has nearly 500 million users
The Baidu-owned video service iQiyi has raised over 1.5 billion US dollars from the sale of convertible bonds to its investors. The investors included Baidu which itself invested 300 million US dollars, with companies including Hillhouse Capital, IDG Capital and Sequoia Capital responsible for the rest. Baidu’s CEO Robin Li said that the video platform was “a great asset and an important part of the Baidu ecosystem”. It was confirmed by the company that the investment was likely to be spent on acquiring new content for iQiyi, as well as improving its own technology for finding illegal content online. Currently, the service has nearly 500 million users, and claims that 5.5 billion hours of video are streamed each month.
The Movers And Shakers - Moving And ShakingSearch and discover everything we've reported on certain brands or industry topics. Follow the trends right before your eyes - and in the blink of eye you know.
Monthly Cost Video Briefings,Catch Up TV Language Guides,Country Guides,How To Guides eLearning,eLearning Course,Quizzes Tools,Webcertain Events Lists,Benchmarks Access to Webcertain video Tutors.Extra fee applicable Access to Customised courses and Examinations. Attendance at Webcertain.TV Connect Events per year Individual BASIC Free Limited Content per Month 10 2 2 Individual PREMIUM £25 Unlimited Content per Month 1 Team GLOBAL £95 Unlimited Content per Month 3