[New post] Bloomberg: China’s Netflix Vows to End Losses After $7 Billion Selloff

alanyeo posted: " Baidu-backed iQiyi posts first quarterly profit since US IPOIQiyi has lost roughly $7 billion of its value since its debut Zheping Huang and John Liu May 30, 2022 China's iQiyi Inc. is resisting the temptation to outspend rivals in the cut-throa" Alpha Edge Investing Bloomberg: China's Netflix Vows to End Losses After $7 Billion Selloff alanyeo May 30 Baidu-backed iQiyi posts first quarterly profit since US IPO IQiyi has lost roughly $7 billion of its value since its debut Zheping Huang and John Liu May 30, 2022 China's iQiyi Inc. is resisting the temptation to outspend rivals in the cut-throat world of video streaming, to stay in the black. After burning through billions of dollars […] Read more of this post Comment Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/05/30/bloomberg-chinas-netflix-vows-to-end-losses-after-7-billion-selloff/ Powered by WordPress.com