BEIJING, April 8, 2019 /PRNewswire/ -- Dr. Gong Yu,
Founder and CEO of iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the
"Company"), participated in a panel discussion held at the
Committee of 100's (the "C100") Annual Conference. Joined by other
panellists including Robert Nederlander, Jr., President and CEO of
Nederlander Worldwide Entertainment, Joseph
W. Polisi, President Emeritus and Chief China Officer of the Julliard School, and
Benjamin T. Wood, Founder of Studio
Shanghai Architectural Firm, Dr. Gong shared with the audience
trends in technological innovation which bring forward opportunities in allowing
Chinese culture and entertainment to reach wider audiences in global
markets.
![iQIYI Founder and CEO Gong Yu Speaks at Committee of 100: Technological Innovation Accelerates the Going Global of China's Entertainment Industry iQIYI Founder and CEO Gong Yu Speaks at Committee of 100: Technological Innovation Accelerates the Going Global of China's Entertainment Industry](https://mma.prnewswire.com/media/848030/C100_iQIYI.jpg)
"China's online entertainment industry has undergone
transformational growth thanks to technological innovation and
Chinese people's growing demand for quality content. Here at iQIYI,
a company that's only 9 years of age, we have already provided
services to over hundreds of millions Chinese users every single
day," said Dr. Gong. "This is achieved by providing them with
premium content from China and around the world."
On the benefits of technological innovation, Dr. Gong
highlighted that technology innovation has enabled iQIYI to gain a
viewer base that would normally take traditional cinemas and
television stations 30 or even 40 years to attain. He added that it
has also created many opportunities to help Chinese culture and
entertainment go global, mainly by solving common obstacles in
languages, channels, ideas and values that come to play when
introducing Chinese entertainment to international markets. For
example, AI translation technologies have played an instrumental
part in overcoming the language barriers, while the Internet has made iQIYI's
content directly accessible to users around the world.
"As the intelligence of machines develops, the advancement in
technology will, to a large extent, bridge the barriers between the
understanding and exchange of people with different thoughts and
values in different countries and regions," said Dr. Gong. "As an
entertainment company driven by technological innovation, iQIYI has
always been committed to innovation and incorporates AI technology
to all aspects of the company's operations, including content
creation, production, tagging, distribution, broadcasting,
monetization and customer service."
Under its AI-focused strategy, iQIYI has continuously produced
high-quality content that has
received great acclaim not only in the Chinese market, but global
markets as well, successfully introducing Chinese entertainment to
international audiences. For example, popular dramas Story of
Yanxi Palace and The Legend of White Snake have gained
global attention; the variety show
The Rap of China has attracted global contestants to
participate; The Golden Eyes and Hot-Blood Dance Crew
have been distributed in overseas markets. iQIYI has always been
striving to build an
online entertainment company with global influence.
The C100's Annual Conference addresses the foremost issues in
U.S.-China relations and is
considered to be among the most insightful and influential events
dedicated to the reflections and outlook of U.S.-China relations.
The C100, founded by world-renowned architect I.M.Pei and
internationally acclaimed cellist Yo-Yo
Ma, among others, is a non-profit leadership organization of
Chinese Americans in business, government, academia, and the arts,
which is committed to the dual mission of promoting the full
participation of Chinese Americans in all aspects of American life
and constructive relations between the U.S. and Greater China.
About iQIYI,
Inc.
iQIYI, Inc. 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 a diversified
monetization model including membership services, online
advertising services, content distribution, live broadcasting,
online games, IP licensing, online literature and e-commerce. For
more information on iQIYI, please visit http://ir.iqiyi.com.
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SOURCE iQIYI, Inc.