Gong Yu, founder and CEO of iqiyi, said, “thank all investors for their strong support for iqiyi and their firm confidence in the future development of China’s long-term video industry. We will continue to promote the operation strategy of reducing costs and increasing efficiency and strive to create value for investors.” Iqiyi has been established for many years and has always faced profit difficulties. The latest financial report shows that iqiyi has significantly narrowed its operating los...