Qiyi Users Reached 150 Mln as of March 2011

Sina Tech, 5/27/11

Yuan Bin, president of Chinese internet company Baidu's (Nasdaq: BIDU) joint-venture online video site, Qiyi, revealed at the 2011 CHINICT Forum in Beijing today that after a year of operation, Qiyi's users had reached 150 mln in March 2011, and the company will continue its expansion into mobile video market.

Yuan reiterated that the company was planning a public listing, however he did not reveal a specific time or location. Yuan added that the company is currently exploring the "pay-by-customer" premium content fee model, but he did not reveal any specific figures.

Editor's Note: For more information on this topic, please see "Qiyi Releases Premium Online Video Service," MD 3/18/11 issue.

Keywords: business model CHINICT Internet users online video mobile video Baidu BIDU Qiyi Yuan Bin IPO JV premium programming

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily