iQIYI Named to the List of China New Economy Top 20 Brands alongside Tencent and Alibaba

BEIJING, July 9, 2018 /PRNewswire/ -- iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced it has been honored as one of China's New Economy Top 20 Brands at the New Economy Forum hosted in Beijing by Economic View, China News Services' new financial media arm. The list is a rundown of the most powerful players in the Chinese tech industry, featuring the likes of Alibaba, Tencent, and Baidu. iQIYI was the only online entertainment platform to be included in the Top 20, showing that iQIYI's powerful combination of the best entertainment content with the most advanced technology has cemented its place among China's leading technology companies.

The New Economy Top 20 award was co-issued by the Economic View Research Institute and Qingbo Big Data Corporation. The list seeks to determine the most important brands to the Chinese public and was compiled using big data to comprehensively evaluate more than 100 Chinese businesses, considering factors including internet exposure, public recognition, and media coverage.

"We are thrilled to be named to this list alongside so many of the most exciting and innovative companies in the Chinese economy," said Chen Hongjia, iQIYI's Vice President. "We believe that it is our unwavering commitment to technological innovation and high quality content that has allowed us to attain this honor in such a short period of time. In the future, we will strive to expand our business even further and become the definitive Chinese entertainment platform."

As consumer lifestyles and habits change with developments in the fields of internet, digital technology and artificial intelligence (AI), it is more important than ever for companies to be able to constantly innovate and adapt. iQIYI has responded to this challenge by continually investing in IP and creating content that has applications to the entire industry chain. For example, iQIYI's smash hit The Rap of China, which will broadcast its second season this week, has partnered with 13 well-known brands including Chow Sang Sang and the NBA.

In the eight years since its founding, iQIYI has evolved from an online streaming platform into a comprehensive entertainment provider, producing and distributing a a vast range of content and services including video, games, animation, literature, e-commerce, live broadcasting and more. In the future, iQIYI will continue to pursue its mission of becoming a technology-based entertainment giant, while continuing to play a key role in the development of China's new economy.

About iQIYI, Inc

iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company") is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI's platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, partner-generated content and user-generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement, and has developed diversified monetization models, including membership services, online advertising services, content distribution, live broadcasting, online games, IP licensing, online literature and e-commerce etc. For more information on iQIYI, please visit http://ir.iqiyi.com.

SOURCE iQIYI, Inc.