BEIJING, June 12, 2019 /PRNewswire/ -- iQIYI, Inc.
(NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative
market-leading online entertainment company in China, announced that it has been featured
by Forbes China in the "2019 Forbes
China Most Innovative Companies" List (the "List"). The
announcement was made at the 2019 Forbes China Innovation Summit
held on June 10th in
Chengdu with the theme of "Global
New Innovation Technology".
The List, jointly compiled by Forbes
China and renowned Chinese data analysis firm Analysys,
features companies from 14 major industries including
entertainment, retail, smart homes, online education, logistics,
cloud computing, robotics and fin-tech, which were selected from a
candidate pool of nearly 200 companies. The List's focus on
innovation establishes it as an authoritative platform to discover
and cultivate creative industry leaders of different fields that
represents China's innovative spirit. Aside from iQIYI, companies
featured on the List include Xiaomi, Ant Financial and Haier among
others.
"In the perspective of globalization, the entertainment industry
is gradually growing more and more in the direction of highly
qualified, diversified multi-media development," commented He
Yunpeng, Senior Vice President of iQIYI. "Technology and innovation
are becoming an inexhaustible driving force for enterprise
development. In the future, iQIYI, with its strong innovative
genes, will continue to bring new and improved entertainment
experiences to the market and its users."
In addition to He Yunpeng, Andrew
Wu, LVMH Group President of Greater China, Zhang
Wen, President of SenseTime, Gan Jianping, Managing Partner
of Qiming Venture Partners and many more industry elites attended
the summit.
Since its establishment nine years ago, iQIYI has always valued
creative development and has laid a solid foundation for innovation
in many aspects such as production, distribution, and monetization.
In terms of content, iQIYI is the leading company in offering
content that caters to a wide variety of genres and topics. In
2019, iQIYI launched variety shows Youth with You and
CZR, as well as the highly acclaimed original crime drama
The Thunder. From the earliest innovations like implementing
membership payment, building a content-sharing business model, and
continuing to improve the broadcast function, to the latest
innovations like replacing the conventional view count system with
the new "content popularity index" system and creating the first
professional vertical video content in the industry, iQIYI drives
the video streaming industry forward by consistently pushing the
status quo to new limits.
iQIYI has also made great technological advancements by, for
example, setting the first interactive video guideline in the
industry at the 2019 iQIYI World Conference held in May. In terms
of business model innovation, iQIYI officially announced their
original film plan: through private investments, collaborative
production and theatre distribution, there will be mutual support
and cooperation between the production and distribution side. As a
technology-driven entertainment company, innovation is at the core
of iQIYI. These innovative genes are projected through its content
creation, product development, platform structure, and many other
aspects of the company as it continuously strives to produce a
high-quality entertainment experience for users.
At the 2019 Forbes China Innovation Summit, He Yunpeng, Senior
Vice President of iQIYI, spoke at a roundtable discussion on the
topic of "What is next in the entertainment business?". He said,
"In the future, iQIYI will continue to maintain the prestige of
industry leaders, improve on platform structures, promote the
continuous development of the industry, and lead the online video
streaming industry in new directions." iQIYI's recognition in this
influential list is strong evidence that the company is continuing
to push forward the development of the Chinese entertainment
industry.
- End -
About iQIYI, Inc.
iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company") is an
innovative market-leading online entertainment service in
China. Its corporate DNA combines
creative talent with technology, fostering an environment for
continuous innovation and the production of blockbuster content.
iQIYI's platform features highly popular original content, as well
as a comprehensive library of other professionally-produced
content, partner-generated content and user-generated content. The
Company distinguishes itself in the online entertainment industry
by its leading technology platform powered by advanced AI, big data
analytics and other core proprietary technologies. iQIYI attracts a
massive user base with tremendous user engagement, and has
developed a diversified monetization model including membership
services, online advertising services, content distribution, live
broadcasting, online games, IP licensing, online literature and
e-commerce. For more information on iQIYI, please visit
http://ir.iqiyi.com.
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SOURCE iQIYI, Inc.