IQIYI Inc

Tencent (OTCMKTS:TCEHY) wants to make a huge investment in iQiyi (NASDAQ:IQ) stock. The company wants to become iQiyi’s largest shareholder.

Investors have flocked to Netflix (NASDAQ:NFLX) stock during the coronavirus pandemic. The stock is one of investors’ top picks in the FAANG group.

iQiyi (NASDAQ:IQ) plans to release its earnings results for the first quarter today after the market close. What can investors expect?

Some Chinese tech stocks are still available at a discount. At about $100 per share, Baidu stock trades at nearly 42% discount to its 52-week peak.

Netflix (NFLX) stock is on course to finish 2019 on a high note. iQiyi and Spotify stocks are also on track for a positive end to 2019.

Today, two Chinese tech stocks have gained significant market value. Baidu (BIDU) and iQIYI (IQ) are trading 10% and 15% higher, respectively.

Chinese Internet giant Baidu (BIDU) was one of the Nasdaq Composite Index’s biggest drivers on Tuesday, June 25. The stock fell over 3% after it fell by a whopping 34% in May. The company’s growth has struggled due to increasing competition from local rivals like Byte Dance.

Many companies wait until growth in their core industries slows down or runs out before they diversify their revenue sources by venturing into new markets.

iQiyi (IQ) plans to use AI to improve its movie and video streaming sales and cut operating costs, said CEO Yu Gong during an interview with CNBC last month.

Chinese video-streaming company iQiyi (IQ) spun off from Baidu (BIDU) through a blockbuster $1.5 billion IPO in the United States last year.

In the last month the CSI 300 is down 11.5%, much more than US indices.

Are we back to having a trade war?? Trump’s tweet indicates we may be.

Alibaba (BABA) last year bought more shares in Hong Kong-listed film studio firm Alibaba Pictures.

iQiyi (IQ) will collaborate with China Unicom (CHU) to develop virtual reality (or VR) products.

International expansion will be one of Roku’s (ROKU) top priorities in 2019. The company began investing more in international expansion last year and wants to continue on this path this year.

Since before it split from Baidu (BIDU) and went public in 2018, iQiyi (IQ) has been stockpiling premium Hollywood films to help it stand out in China’s crowded video streaming market.

Spotify launched its music service in India late last month, and the company is going all out to make sure it succeeds in the market.

Chinese video streaming company iQiyi (IQ), a Baidu (BIDU) spin-off, had a spectacular $1.5 billion IPO in the United States last year.

On February 14, Alibaba (BABA) bought a stake in China’s top online video sharing platform Bilibili (BILI), according to the Xinhua News Agency.

Alibaba (BABA) recently bought a stake of 8.0% in Bilibili (BILI).

Alibaba (BABA) increased its stake in Alibaba Pictures late last year.

Chinese streaming service provider Tencent Music Entertainment (TME) had a mixed stock performance in December, and as of January 14, it had fallen 7.7% year-to-date.

Alibaba is pursuing more growth opportunities within its core commerce industry as well as in new areas such as cloud computing and digital media.

Alibaba (BABA) said that its decision to increase its stake in film company Alibaba Pictures was a vote of confidence in the business.

Alibaba (BABA) has partnered with the NFL on digital sports content programming in China.

iQiyi (IQ) is replenishing its finances as it wages an expensive war for subscribers and revenue in China’s video streaming industry.

Tencent’s (TCEHY) music arm, Tencent Music Entertainment (TME), debuted on the New York Stock Exchange on Wednesday, December 12.

Baidu (BIDU) has formed an AI partnership with the city of Shanghai.

Tencent announced the IPO of Tencent Music Entertainment on October 3. The IPO intends to generate $2 billion in the US listing.

In this series, we’ll focus on Baidu’s revenue, cost of revenue, gross profit, operating cost, operating profit, net profit, and valuations.

Baidu (BIDU) is expanding in the television box market, which is on pace to generate $29.8 billion in annual revenues by 2024.

Tencent’s (TCEHY) revenue rose at a three-year CAGR (compound annual growth rate) of 44% to 237.8 billion yuan ($36.4 billion) in fiscal 2017.

The United States continues to be Alphabet’s leading market, generating 46% of its revenue in 2015 compared to 47% in 2017.

iQiyi (IQ) recently struck a deal to license Indian movies to broadcast to its audience in China.

iQiyi’s revenues rose 51.0% year-over-year to ~$900.0 million in the second quarter. iQiyi went public in March.

Optimistic revenue and earnings estimates continue to drive the valuations of Chinese tech stocks despite the loss in stock value.

Tencent Holdings lost 7% on August 30 in response to China’s new restrictions on online gaming as a result of recurring instances of myopia.

China’s video streaming market is projected to be worth $17.6 billion by 2020. iQiyi (IQ) stock has risen 95.4% since its IPO in March.