Iqiyi was listed by the court as the subject matter of execution by nearly 30.2 million people

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 Iqiyi was listed by the court as the subject matter of execution by nearly 30.2 million people


Introduction to iqiyi

Netease Entertainment reported on February 28 that the operation subject of iqiyi Beijing iqiyi Technology Co., Ltd. was listed as the executor by Suzhou intermediate peoples court with the execution object of 30191800 yuan on February 27, according to the information on China executive information disclosure network.

Tianyancha data shows that Beijing iqiyi Technology Co., Ltd. was founded in March 2007 with a registered capital of 30 million yuan. Its legal representative is Geng Xiaohua, senior vice president of the company. Its business scope includes the third of the second type of Internet audio-visual program services, production of professional audio-visual programs such as literature and art, entertainment, science and technology, finance and economics, sports, education, etc.

On February 28, 2020 Beijing time (February 27, EDT), iqiyi released its unaudited financial report for the fourth quarter and the whole year ended December 31, 2019. According to the financial report, iqiyis total revenue reached 29 billion yuan (US $4.2 billion) in fiscal year 2019, a year-on-year increase of 16%, of which the fourth quarters revenue was 7.5 billion yuan (US $1.1 billion), a year-on-year increase of 7%, higher than the previous companys expectation. As of the end of the fourth quarter, iqiyis subscription membership reached 107 million, with a year-on-year growth of 22%. In addition, iqiyi looks forward to its performance in the first quarter of 2020: its total revenue is expected to be between 7.1 billion yuan (US $1.02 billion) and 7.52 billion yuan (US $1.08 billion), with a year-on-year growth of between 2% and 8% (this outlook only represents the preliminary forecast based on the current situation, which does not exclude the possibility of future adjustment). Source: Netease Entertainment editor: Hu Mengyao, nk5655

On February 28, 2020 Beijing time (February 27, EDT), iqiyi released its unaudited financial report for the fourth quarter and the whole year ended December 31, 2019. According to the financial report, iqiyis total revenue reached 29 billion yuan (US $4.2 billion) in fiscal year 2019, a year-on-year increase of 16%, of which the fourth quarters revenue was 7.5 billion yuan (US $1.1 billion), a year-on-year increase of 7%, higher than the previous companys expectation. As of the end of the fourth quarter, iqiyis subscription membership reached 107 million, with a year-on-year growth of 22%.

In addition, iqiyi looks forward to its performance in the first quarter of 2020: its total revenue is expected to be between 7.1 billion yuan (US $1.02 billion) and 7.52 billion yuan (US $1.08 billion), with a year-on-year growth of between 2% and 8% (this outlook only represents the preliminary forecast based on the current situation, which does not exclude the possibility of future adjustment).