iQIYI, Inc.

iQIYI is a leading provider of online entertainment video services in China. The company focuses on delivering high-quality content and a user-friendly entertainment experience. As of December 31, 2025, iQIYI's content library included over 40,000 professionally produced long-form content titles, such as drama series, films, variety shows, children's content, and animations, along with approximately 20,000 micro dramas. The company produces original content through in-house studios, which include acclaimed original drama series and variety show franchises. In 2025, iQIYI original drama series were the primary source of premium content, making up over 90% of newly released drama series with iQIYI popularity index scores exceeding 9,000. iQIYI integrates AI across its business to improve efficiency and user experience. For instance, it uses Screenplay Studio, a proprietary AI tool, to identify high-potential scripts and increase their chances of audience success. AI is also used to generate micro animations. For user experience, iQIYI has launched AI-powered features like Taodou, a smart personal assistant that offers personalized content recommendations and plot explanations through conversational interactions. The company generates revenue through diversified monetization models, including membership services, online advertising services, content distribution, and other methods, with membership services contributing a significant portion of its revenues.