China's 'Netflix' iQiyi pivots toward an aging population in an AI era
Publishing timestamp: 2024-04-23 03:04:31
Summary
iQiyi is focusing on catering to China's aging population and using artificial intelligence tools to improve content production. The company is also looking to tap into overseas markets as growth in China moderates. IQiyi reported its first profit in 2023 since listing in the U.S. in 2018. The company is exploring new business opportunities with OpenAI's text-to-video tool Sora.
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Tickers: BABA, IQ, 700-HK, 9626-HK,
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