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February 22, 2019 03:15 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/j5fDHz4c4o8/
Baidus 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’slatest financial resultsshow its video streaming business iQiyi posted a net loss of 9.1 billion yuan or $1.3 billion in 2018, […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/j5fDHz4c4o8/
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