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Chinese language on-line video platform iQIYI
Traders have agreed to subscribe for and buy from the corporate, via a personal placement, a complete of 164,705,882 newly-issued Magnificence B unusual stocks and 304,705,880 newly-issued Magnificence A unusual stocks within the corporate. Baidu
In line with its newest monetary record, iQIYI
As of December 31, 2021, the company held a complete of four.4 billion yuan in money, money equivalents, limited money and momentary investments. Its capital reserves on the time have been deemed to be inadequate.
The excessive price of content material is likely one of the main the explanation why iQIYI
All over a convention name at the company’s This autumn monetary record closing yr, Gong Yu, Founder, Director, and Leader Govt Officer of iQIYI
SEE ALSO: iQIYI’s Web Losses Achieve 968.1 Million in 2021
Gong additionally identified that the corporate’s purpose is to effectively ruin even on the subject of non-GAAP operations for the total yr of 2022, and to damage even in quarterly non-GAAP operations as early as imaginable.