BEIJING, June 26, 2019 /PRNewswire/ -- iQIYI, Inc.
(NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative
market-leading online entertainment service in China, announced at the Mobile World Conference (MWC) in
Shanghai that it has reached a
strategic partnership with China Unicom, one of the largest mobile
service providers in China, to
establish a joint R&D center (the "Center") for the innovation
and application of 5G in terminal devices. Under the partnership,
both parties will partner on technology development, including 5G
network slicing, 5G Multi-access Edge Computing (MEC), big data,
MR/AR/VR, as well as 4K/8K UHDV, and jointly establish a 5G terminal
R&D center.
Under the partnership, China Unicom will provide the Center with
research resources including testing grounds for 5G technology as well as testing and research
equipment and devices; iQIYI, on the other hand, will provide mixed
and augmented reality VR testing spaces as well as testing
equipment and devices. Both parties aim to devote their respective
advantages in technology, talent and terminal devices to the
partnership in effort to promote the innovation and application of
5G VR/AR terminal devices, and to optimize the industrial value.
As 5G technology innovation continues to drive industrial
upgrade, VR is expected to be applied and more in day-to-day life. Driven by its
forward-looking strategy and innovation, iQIYI's endeavors in VR
technology has allowed it to build its own VR scenario ecosystem
including film and television, gaming, social networking and
interaction. At present, iQIYI has established 5G-related
partnerships with the top three mobile service providers in
China, namely China Unicom, China
Telecom and China Mobile, to jointly explore opportunities of the
5G and VR market.
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, e-commerce, etc.
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SOURCE iQIYI, Inc.