Baidu’s video site iQiyi adds 37M subscribers in 2018 amid mounting losses

China’s Baidu, which is often compared to Alphabet’s Google, is showing no signs of slowing down its pace of betting on video content as its core advertising unit feels the squeeze from rivals. The company’s latest financial results show its video streaming business iQiyi posted a net loss of 9.1 billion yuan or $1.3 billion in 2018, […] https://ift.tt/2Tcbown support@endlesssupplies.ca (Endless Supplies .Ca) February 21, 2019 at 10:30PM