FILE PHOTO: A sign of Baidu is seen on a glass at its booth during the Digital China exhibition in Fuzhou, Fujian province, China May 5, 2019. REUTERS/Stringer
Revenue from iQIYI jumped 15% to 7.11 billion yuan , as the service crossed the 100 million subscriber mark in June this year, despite stiff competition from rivals including ByteDances’s TikTok. Total revenue rose to 26.33 billion yuan from 25.97 billion yuan a year earlier, beating estimate of 25.77 billion yuan, according to IBES data from Refinitiv.
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