iQiyi released its first annual financial report after its IPO with very impressive results. And it is growing at a much faster pace than Netflix.
The money used for the content acquisition, licensing and production is well spent.
iQiyi's strategy to put more resources on producing quality original content should drive its subscriber and revenue growth further.
The company's valuation is discussed.
iQiyi Released Its First Annual Financial Report After Its IPO, And The Results Are Very Impressive
iQiyi (IQ), which was found in 2015 and quickly became a China's leading video streaming service provider