Scalper1 News
China search leader Baidu (BIDU) said that its iQiyi video streaming subsidiary has hit 5 million subscribers as of June 15, which it said was a 765% rise from June 15, 2014. Baidu’s announcement about iQiyi’s growth comes the day after rival China e-commerce leader Alibaba (BABA) said it will launch its own online video streaming service in China this summer to head off a challenge from the No. 1 U.S. paid video streaming service, Netflix (NFLX), Scalper1 News
Scalper1 News