![\"\"](\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2018\/07\/500px-IQiyi_logo.png\"){kind=logo}
<\/a><\/p>\nINTRODUCTION:<\/h3>\n
Qiyi was founded on April 22, 2010 by\u00a0Baidu, which is China\u2019s largest online search engine, and\u00a0Providence Equity Partners,\u00a0<\/sup>and changed its name to iQiyi in November 2011.\u00a0<\/b><\/p>\n iQiyi,<\/b>\u00a0is an\u00a0online video platform\u00a0based in Beijing, and is currently one of the largest online video sites in the world, with nearly 6 billion hours spent on its service each month, and over 500 million monthly active users.<\/p>\n Yu Gong, Founder and CEO of iQiyi Inc., and Robin Li, CEO of Baidu, ring the opening bell at the Nasdaq Market Site to celebrate iQiyi Inc.’s initial public offering on March 29, 2018.<\/p><\/div>\n On March 29, 2018, the company issued its\u00a0IPO (initial public offering) in the U.S.A. and is trading under the symbol IQ on the NASDAQ exchange.<\/p>\n iQIYI is involved in the provision of online entertainment services in China, for which the company follows a business model quite similar to that of Netflix (NASDAQ:NFLX).<\/p>\n However, unlike Netflix, the China-based streaming service also allows its users to upload content to the platform. Furthermore Netflix is subscriber based whereas\u00a0iQIYI has both subscription and ad revenue, for which\u00a0iQIYI ad revenue was equal to its subscription revenue last quarter.<\/p>\n Back in 2015, iQIYI had 11 million subscriber, at the end of 2016, it had 30 Million subscribers and in February of 2018 it reached\u00a060 million (about half of Netflix).<\/p>\n As can be seen in below table, in FY-2017, iQIYI posted sales growth of 55% versus a sales growth of 32% by Netflix in the same period. Based on this and the population of China’s we can conclude that\u00a0iQIYI is still in an early phase of its growth compared to Netflix.<\/p>\n<\/a>IQIYI VERSUS NETFLIX:<\/h3>\n