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IQIYI INC
China’s Netflix expects AI to create bulk of shows in five yearsIQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launchi...- Half a trillion dollars wiped from China markets in a week as clampdowns shatter confidenceMore than $560 billion in market value has been wiped off Hong Kong and mainland China exchanges in a week as funds capitulate out of once-...
- Wall Street rallies as Fed jitters wane, but ends down for the weekWhile all three major US indexes ended solidly green, all posted weekly losses after a steep mid-week sell-off pulled the S&P 500 and the D...
- Archegos-linked stocks advance as volatility comes downViacomCBS Inc. rose 2.1% as of 9:33 a.m. in New York following its weeklong plunge, with Discovery Inc. and Tencent Music Entertainment Gro...
- US stocks slump as Nomura, Credit Suisse warn of big losses after Archegos share dumpLosses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, had triggered a fire sale of stocks on Friday
- Nomura, Credit Suisse warn on losses after Archegos share dumpNomura's loss was related to Archegos' trades, Bloomberg reported citing people familiar with the matter, one of whom said Archegos was a p...
- Traders ‘glued to their screens’, set for volatile open on Wall StreetWhile some of the stocks targeted in the block trades initiated by Goldman Sachs Group Inc. and Morgan Stanley rebounded at the end of Frid...
- Large block trades on Wall Street: Here's what exactly happenedInvestors and analysts cited blocks of Viacom and Discovery shares being put in the market on Friday for likely exacerbating the decline in...
- ‘Unprecedented’: Wall Street ponders Goldman’s block-trade spreeSeveral major investment banks with ties to hedge fund Archegos Capital Management LLC liquidated holdings, contributing to the slump in sh...
- Goldman sells $10.5 billion of stocks in block-trade spreeThe selling spree erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media conglomerate...
- Dow Jones gains, Nasdaq hits record high as holiday shopping beginsThe Nasdaq outperformed as investors favored tech-related, market-leading stocks that have fared well during the pandemic, while economical...
- Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, regulatory concerns: SourcesBut the discussions have stalled with little hope of recommencing soon as they balk at a valuation of around $20 billion demanded by Baidu ...
- SoftBank bets $3.9 billion on US giants from Amazon to TeslaSoftBank founder Masayoshi Son is expanding the company’s investment activities from private startups to publicly traded equities at a time...
- SoftBank builds $1.2 bn Amazon stake; invests in Netflix, TeslaChief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from a massive asset s...
- Baidu predicts slide in revenue due to coronavirusFrom Microsoft Corp. and Apple Inc. to Alibaba Group Holding Ltd., the world’s largest corporations have either scaled back on projections ...
- 2019 app roundup: Tinder, Netflix in top non-gaming list, Candy Crush Saga & PUBG Mobile favourite gamesGames offering in-app purchases continued to lead overall rankings.
- Eros elbows way into China through content licensing deal with iQiyiEros Now will license its catalogue of Indian movies, which Chinese viewers will be able to watch by October.
- China taps unicorn cavalry in trade warEven this year, Chinese ADRs are doing relatively better than the Hong Kong market.
- 'This is the uber market': Tech IPOs soar past their FAANG peersIn total, 80 percent of 2018 US tech listings are trading above their respective IPO prices.
- Baidu investor Acacia Partners criticises sale of video unit to CEO Robin Li"We worry that embracing what is an inherent conflict of interest will lead to damage to the reputations of both you and Baidu," Acacia Par...
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