【Watch Devil’s Night: Dawn of the Nain Rouge Online】
China’s state broadcaster,Watch Devil’s Night: Dawn of the Nain Rouge Online China Central Television (CCTV), has taken a small stake in iQIYI as the video-streaming platform grapples with declining revenue. Beijing iQIYI Technology Co. added CCTV Integrated Media Development Co. as a shareholder with a 0.9999% stake, according to corporate filings. The move reduced Chairman Geng Xiaohua’s ownership from 100% to 99.0001%. CCTV Integrated Media Development Co. is majority-owned by China Media Group, the state entity that oversees CCTV. The investment comes as iQIYI struggles with shrinking revenue. The company reported a 14% drop in fourth-quarter revenue to RMB 6.61 billion ($920 million), swinging to a non-GAAP net loss of RMB 58.8 million ($8.1 million), compared with a RMB 680 million ($93.7 million) profit a year earlier. Full-year revenue fell 8% to RMB 29.23 billion ($4.03 billion), while non-GAAP net income declined to RMB 1.51 billion ($210 million) from RMB 2.84 billion ($390 million) in 2023. [iThome, in Chinese]
Search
Categories
Latest Posts
We Are All at the Table Together
2025-06-26 02:46ASUS ROG 3 phone hands
2025-06-26 02:2530% off select Originals styles at Adidas.com
2025-06-26 02:23This video of a kid getting dizzy at the park is the cutest thing
2025-06-26 01:28Man Out of Time
2025-06-26 01:12Popular Posts
Max Boot’s Vietnam
2025-06-26 03:08This video of a kid getting dizzy at the park is the cutest thing
2025-06-26 02:31Samsung officially confirms the Galaxy Z Flip 5G
2025-06-26 02:17Regarding the Pain of Others
2025-06-26 01:29Featured Posts
All the curse words Taylor Swift uses on her new album 'folklore'
2025-06-26 01:46Everything coming to Netflix in August 2020
2025-06-26 01:46Fresh Hell
2025-06-26 00:37Popular Articles
Koalas are endangered now, and climate change is a big reason why
2025-06-26 03:1730% off select Originals styles at Adidas.com
2025-06-26 02:42Watch Dr. Fauci throw a super socially distanced first pitch
2025-06-26 01:49Everything coming to Netflix in August 2020
2025-06-26 01:19Who’s Afraid of Ocasio-Cortez?
2025-06-26 00:45Newsletter
Subscribe to our newsletter for the latest updates.
Comments (367)
Information Information Network
The Pizzagate Polity
2025-06-26 02:45Reality Information Network
WNBA teams walk out during anthem, dedicate season to Breonna Taylor
2025-06-26 02:12Treasure Information Network
So many men resigned from Uber that it basically has gender parity in its leadership now
2025-06-26 02:05Transmission Information Network
Taylor Swift's 'folklore' is a massive hit on Spotify and Apple Music
2025-06-26 01:19Co-creation Information Network
The Coronation of Macron
2025-06-26 00:41