BEIJING, May 17, 2018 /PRNewswire/ -- iQIYI,
Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"), an innovative
market-leading online entertainment service in China, today
announced the opening of its 2018 iQIYI World Conference, a two-day
annual summit devoted to the future of the iQIYI entertainment
ecosystem.
Under the theme of "winning together through innovation", this year's conference includes 14 forums
on topics such as Internet Dramas, Variety Shows and Video AI.
Together, the forums present a panoramic view of the future
development path of China's
entertainment industry and technology's transformational role. Dr.
Yu Gong, founder and CEO of iQIYI;
Xiaohui Wang, iQIYI's Chief Content Officer; and well-known
film director Jianxin Huang
delivered keynote speeches at the event.
Over the last three years, the annual conference has reflected
the development and opportunities in Chinese's entertainment
industry and has become an important opportunity for iQIYI to
discuss and share industry trends and innovations.
Listed on NASDAQ in March, iQIYI has produced a huge amount of
creative and high-quality content, including internet dramas,
internet variety shows and internet movies. The company has also
brought together the full IP industry chain and applied AI
technology to power every aspect of its business.
"After eight years of user and content accumulation, iQIYI has
successfully built an entertainment ecosystem by expanding into
eight fields including film, drama, variety shows, animation,
literature, games, e-commerce, and live broadcasting, connecting
all the links of the entertainment industry chain with our popular
IP," said iQIYI founder and CEO Yu
Gong.
"Through resource sharing and an open-platform attitude, we
encourage partnerships that promote the sustainable and healthy
development of our industry."
iQIYI establishes full ecosystem with IP industry
chain
In iQIYI's comprehensive ecosystem, its eight integrated
business lines complement each other. iQIYI has continuously
incubated rich video content from the "upstream" IP industry chain,
such as novels, comics, and light novels, and maximized the
commercial value of IP through the "downstream" of gaming, goods,
and services. iQIYI has also developed nine major IP
monetization methods including advertising, paid membership,
publishing, distribution, and derivative business licensing, in
order to promote the maximization of IP value.
iQIYI's partner cooperation
The expansion of its comprehensive entertainment ecosystem
leverages iQIYI's advanced technology, huge user base and deep
content library. According to data from third-party agency
iResearch released in April 2018, the
iQIYI app has covered over 600 million devices, enjoys total
monthly usage of 6.388 billion hours, and is used more than 21.6
billion times per month, leading the online video market in
China.
As an industry leader, iQIYI is also committed to empowering
partners. iQIYI's content generation team, invested companies and
strategic partners in various industries enjoy technology,
experience, funds and resources shared by the iQIYI platform, as
well as close win-win partnerships with iQIYI in talent training,
entrepreneurial support, content production, and monetization.
Building on its leading IP library, iQIYI cooperates with major
partners for content generation. For example, 37 internet films
titles and 28 internet dramas are slated to begin production soon
in the third phase of iQIYI's Yunteng Plan, an online literature-IP
program launched in 2017. As a part of the company's Cangqiong
Plan, which focuses on generating film and gaming products from
animation IP, eight internet films have officially started
production. Dolphin Plan, which focuses on generating premium
content, will launch its first five major titles in the second half
of 2018.
iQIYI has also worked with major industry players, such as
Baidu, JD.com and Dadi Cinema to explore cooperation in industries
including technology, e-commerce and offline movie theater
chains.
iQIYI's technology innovation
Technological innovation has become an essential component in
building a comprehensive entertainment ecosystem. In 2018, iQIYi
has been focusing on applying AI technology to transform users'
viewing experience by providing personalized content with
intelligent recommendation.
iQIYI has taken the lead in implementing AI technology and has
continuously improved video creation, production, tagging,
distribution, playback, monetization, customer service, and other
areas in order to further empower its content ecosystem and to
provide users with a better viewing experience and advertisers with
greater ROI. iQIYI has leveraged AI algorithms in areas such as
script creation, casting, traffic forecasting, auditing, coding,
editing, operation, search, recommendation, announcements, and
hotspot prediction to maximize IP value.
About iQIYI, Inc.
iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company") is an
innovative market-leading online entertainment service
in China. Its corporate DNA combines creative talent with
technology, fostering an environment for continuous innovation and
the production of blockbuster content. iQIYI's platform features
highly popular original content, as well as a comprehensive library
of other professionally-produced content, partner-generated content
and user-generated content. The Company distinguishes itself in the
online entertainment industry by its leading technology platform
powered by advanced AI, big data analytics and other core
proprietary technologies. iQIYI attracts a massive user base with
tremendous user engagement, and has developed a diversified
monetization model including membership services, online
advertising services, content distribution, live broadcasting,
online games, IP licensing, online literature and e-commerce etc.
For more information on iQIYI, please
visit http://ir.iqiyi.com.
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SOURCE iQIYI, Inc.