iQIYI Sports Completes RMB 850 Million Series A Financing
iQIYI, Inc. - American Depositary Shares (IQ)
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm
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Source: PR Newswire
BEIJING, Sept. 5, 2018 /PRNewswire/ -- iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that iQIYI Sports, a joint venture between iQIYI and Super Sports Media, has successfully completed its Series A round of financing, securing a total of RMB 850 million in investment. The second tranche of financing announced today secured an investment of RMB 350 million from both China Sports Capital, a joint venture between CMC Capital Partners and Sequoia Capital, and Yao Capital. This followed an initial tranche of RMB 500 million financing completed earlier last month, provided by IDG Capital and private equity firm Hui Ying Bo Run."We are delighted that iQIYI Sports, our joint venture with Super Sports Media, has successfully completed its Series A round of financing," said Gong Yu, founder and CEO of iQIYI. "Over the last few years, China's entertainment industry has grown at spectacular pace and iQIYI ha
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IQ
Earnings
- 2/28/24 - Beat
IQ
Sec Filings
- 3/15/24 - Form 144
- 3/14/24 - Form 20-F
- 2/29/24 - Form 6-K
- IQ's page on the SEC website