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Technology Stocks : iQIYI (IQ)

IQ 2.155

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From: ACAN	7/11/2018 7:55:38 AM
	1 Recommendation Recommended By Oblivious of 193

IQ iQIYI Enters Fortune China 500 List, Marking Milestone for Innovative Online Entertainment Platform BEIJING, July 11, 2018 /PRNewswire/ -- iQIYI, Inc. ( IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that it has ranked for the first time on the prestigious Fortune China 500 list, ranking 419th place. iQIYI's inclusion on the list, which features leading Chinese company such as CNPC and China Mobile, is a reflection of the rapid development of the company over the past couple of years. The company has expanded its services into all areas of the entertainment industry, far beyond its beginnings as an online streaming platform. iQIYI's revenue in 2017 was RMB 17.378 billion, and the company received a revenue of RMB 4.9 billion in in the first quarter of 2018, representing a year-on-year increase of 57%.

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