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Chinese Streamer iQIYI Points to Recovery After a Difficult 2020

Chinese video streamer iQIYI managed to cut its losses in the financial year from RMB10.3 billion in 2019 to RMB7 billion ($1.1 billion) in 2020. But its boost from coronavirus lockdowns was short-lived. Annual revenues were RMB29.7 billion ($4.6 billion), representing a 2% increase from 2019. Reporting its fourth quarter and full year results on […]

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