During Thursday’s Afternoon trade, Shares of Baidu Inc (ADR) (NASDAQ:BIDU), inclined 1.49% to $151.86. The firm opened its current trade at $150.77, and as of now, it is trading at $151.76. The total volume traded for the day is 1.40M shares, as compared to its average daily volume of 3.88M shares. The stock is floating in a range of $150.30 - $154.84. The stock hold a the market capitalization of $51.61B
iQIYI, an independently operated partner of Baidu (BIDU) and one of the largest internet and mobile video service providers in China, declared that iQIYI’s founder and CEO Mr. Yu Gong attended the UK-China “Creativity is Great” forum during President Xi Jinping’s state visit to the United Kingdom.
At the forum, Mr. Gong delivered a speech introducing China’s online video industry and calling for further cooperation between the two countries.
The “Creativity Is Great” forum was a key item on President Xi’s agenda attended by Prince William and Princess Kate. As the only speaker from China’s Internet industry to attend the event, Mr. Gong talked about the development of China’s online streaming industry, particularly the rise of self-produced content, the trend toward premium content premiering online at the same time or earlier than on traditional channels and the industry’s rapidly diversifying business model.
“China’s online video industry continues to develop rapidly and there is huge potential for deeper cooperation between the UK and China,” said Mr. Gong. “As an industry leader, iQIYI is looking forward to supporting our British peers and partners to better understand the Chinese market and to bring more quality international content to Chinese audiences.”
iQIYI also declared that the second season of its hit self-produced reality show
“I, Supermodel” will be aired in the UK startning on October 22, simultaneously with its premier on the iQIYI online platform. It is one of a few Chinese shows and movies selected to be aired on Propeller TV to mark the cultural cooperation between China and UK.
In its first season, “I, Supermodel” received over 280 million click views on the iQIYI platform. The second season of the show was shot in the UK and features British cultural elements, such as British music, fashion and movies.
Founded in April 2010, iQIYI is one of the largest Internet and mobile video service providers in China. An independently operated partner of Baidu, the world’s largest Chinese search engine, iQIYI is focused on providing Chinese users with the best possible online video experience, and has become an industry leader in developing innovative products and technologies.
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
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