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Chinese Streamer iQiyi Enjoys ‘Miraculous’ Fourth Quarter Surge in Subscribers and Profitability

China-based video streamer iQiyi achieved a surge in paying subscriptions and achieved net profits in the fourth quarter of 2022. While still loss-making over the full year, the company hailed its turnaround as “miraculous.” In the October-December period, gross revenues were RMB7.6 billion ($1.1 billion), representing a 3% increase year over year, the company said […]

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