Baidu wants to sell 53%of iQiyi shares?Iqiyi response

On the afternoon of June 15, a media reported that according to sources, Baidu was negotiating with potential buyers and intended to sell 53%of the iQiyi shares held. It is reported that Baidu has 53%of iQiyi and holds more than 90%of its shareholders' voting rights.

"Daily Economic News" reporter on WeChat to contact iQiyi on this news, iQiyi said: "This news is not true, it is pure rumor."

As one of China's long video head platforms, iQiyi asked for twelve years in long videos, and finally achieved a net profit of over 100 million yuan in the first quarter of this year. This is the first quarterly profitability since iQiyi launched.

As of March 31, 2022, the first quarter of the first quarter financial report showed that iQiyi achieved approximately 7.3 billion yuan in the first quarter, and the net profit attributable to the company was 169 million yuan. The revenue was 4.5 billion yuan, an increase of 4%year -on -year; the average daily subscription membership of the first quarter was 101 million, a net increase of 4.4 million compared with the previous quarter.

As of press time, iQiyi (IQ) stock price fell 3%before the market, the stock price was reported at $ 4.53, with a total market value of US $ 4.02 billion; Baidu (BIDU) rose 3.76%before the market, the stock price was US $ 146.09, with a total market value of $ 48.7 billion Essence

Source | Daily Economic News

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