- iQIYI ( NASDAQ: IQ ) reached a strategic agreement in Beijing with Poly Culture which will focus on various areas, including the investment and production of films and television contents, live theatre production, arts and children's education, membership sharing and ticketing, location-based entertainment, cultural real estate, and joint development of virtual idols and other IP derivatives.
- "Committed to content and technological innovation, iQIYI has laid a solid foundation that can now be leveraged by both companies to deliver additional value and carve out more opportunities," founder & CEO GONG Yu commented.
- Shares trading 1.3% down premarket.
For further details see:
iQIYI and Poly Culture sign strategic partnership for driving growth