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China Video Streamer iQIYI Stands Still After Cutting Content Investment

Chinese video platform iQIYI is rapidly losing out to rival Tencent, latest financial results show. The Baidu-backed iQIYI reported on Tuesday that that it had more than halved its losses in the three months from July to September that make up the third quarter of its financial year. Net loss attributable to iQIYI was RMB1.2 […]

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