2018 is the year that smartphone usage eclipses time spent watching TV in China and it’s all down to the growth of digital video platforms, according to a new report from eMarketer. You’d be forgiven for thinking that this had already happened in China, which happens to be the world’s largest smartphone market, but eMarketer forecasts […]
View More Report: Smartphone usage set to overtake time spent watching TV in ChinaCategory: iQiyi
Baidu’s streaming video service iQiyi falls 13.6% in Nasdaq debut
The streaming video service iQiyi, a business owned by China’s online search giant Baidu, dropped 13.6% in its first day of trading on the Nasdaq — closing at $15.55, or down $2.45 from its opening price of $18. The company still managed to pull off one of the largest public offerings by a Chinese tech […]
View More Baidu’s streaming video service iQiyi falls 13.6% in Nasdaq debutBaidu’s video business iQiyi to raise up to $1.5B in US IPO
Baidu’s iQiyi video division is set to become the latest Chinese tech company to go public in the U.S. after it filed to raise up to $1.5 billion via an IPO on the Nasdaq. The service was started in 2010 by search giant Baidu, which owns a dominant 70 percent of the company. Xiaomi (eight percent) and Hillhouse (six percent) are the other major names that have backed it. A… Read More