iQIYI App Surges to Sixth Most Downloaded App Worldwide, Ninth By Revenue for July 2015

App Annie reports rapid growth of iQIYI's subscription service drives 'iQIYI Video HD' download and revenue growth

Aug 28, 2015, 01:31 ET from iQIYI

BEIJING, Aug. 28, 2015 /PRNewswire/ -- iQIYI, an independently operated subsidiary of Baidu (NASDAQ: BIDU) and one of the largest Internet and mobile video service providers in China, today announced that according to a recent report published by App Annie, iQIYI's mobile app, iQIYI Video HD, surged upwards on the worldwide charts in July 2015, gaining 10 spots by downloads and 9 spots by revenue.

According to the report, iQIYI Video HD currently ranks as the 6th most downloaded app worldwide and 9th by revenue. The app also ranked among the top five iOS Entertainment apps in China by monthly active users.

The report attributed iQIYI Video HD's surge in the worldwide rankings to iQIYI's growth in paid subscribers, driven by its "massive library of premium content", including popular TV shows such as Hua Qian Gu, Notes of Tomb Raiders and Extreme Challenge. The report also noted that with iQIYI's recently announced agreement with Paramount Pictures, iQIYI is well positioned to "upgrade a meaningful portion of its 500 million user base over to its paid offerings."

The full App Annie report is available at: http://blog.appannie.com/worldwide-app-annie-index-apps-july-2015/.

About iQIYI

Founded in April 2010, iQIYI is one of the largest Internet and mobile video service providers in China. An independently operated subsidiary of Baidu, the world's largest Chinese search engine, iQIYI is focused on providing Chinese users with the best possible online video experience, and has become an industry leader in developing innovative products and technologies.

For media inquiries, please contact:

iQIYI Inc. Sophie Yu Director of International Communications yuxiaofei@qiyi.com

Foote Group Yajun Zhang +86 (10) 8429-9544 yajun@thefootegroup.com

 

 

 

SOURCE iQIYI



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