The ‘Netflix of China’ — iQiyi, Inc — Is a Long Way From Becoming Disney

Y’know … Yandex NV (NASDAQ:YNDX) is the Google of Russia … Alibaba (NYSE:BABA) is the Amazon of China … iQiyi, Inc. (NASDAQ:IQ) is the Netflix of China — maybe. IQiyi is China’s largest online video-streaming service, with 500 million or so monthly users who spend around 6 billion hours on the service each month. This week, though, iQiyi’s CEO said it doesn’t want to be the Netflix of China — it’d rather be Disney (NYSE:DIS).

from Yahoo Finance https://ift.tt/2JvarqR