China’s iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending (Iris Deng/South China Morning Post)

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The post China’s iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending (Iris Deng/South China Morning Post) appeared first on NEWDAWN Blog.