China’s most popular Netflix-like streaming service is aiming to be the “AI pioneer” in the industry.
Chinese search giant Baidu announced that it has received a proposal to buy out its video streaming company iQiyi from chief executives of the two companies. iQiyi may launch an IPO.
With little incentive for user loyalty in the Chinese video streaming market, quality content is becoming more important than ever for video streaming sites.
Alibaba’s acquisition of Youku Tudou will raise the stakes in the “three party” competition by challenging two rivals, Baidu backed iQiyi and Tencent Video.