|A major contributor to this article appears to have a close connection with its subject. (November 2014)|
Screenshot of iQIYI home page
|Founder(s)||Dr. Yu GONG|
Dr. Xing Tang|
|Type of site||Video on demand|
iQIYI is an online video platform in China launched on April 22, 2010. The daily viewers on iQIYI is 50 million. Chinese audiences view more than 1.28 billion hours of TV shows and movies per month on iQIYI. As of August 2014, it is the second largest online video site in China by number of video hours played.
- iQIYI was founded on April 22, 2010 by Baidu, which is China’s largest online search engine, and Providence Equity Partners. On November 2, 2011, iQIYI purchased the online license for Transformers 3 in mainland China from Paramount.
- In the subsequent year, on November 2, 2012, Baidu bought Providence’s stake and took 100% ownership of the site. On May 7, 2013, Baidu purchased the online video business of PPStream Inc. for $370 million, which became a subsidiary of iQIYI.
- On July 17, 2014, the site launched its film production division, iQIYI Motion Pictures, to expand existing cooperative projects with overseas peers, including purchasing releases and co-producing movies. On September 4, iQIYI cooperated with Venice Film Festival, streaming of the festival’s movies online.
- On September 17, iQIYI and Dolby launched a collaboration, allowing iQIYI to produce and deliver TV dramas in Dolby surround sound. In October, iQIYI participated in the Busan Film Festival, signing exclusive rights to nearly 100 Korean titles.
- 19th,Nov. Xiaomi, Shunwei to Invest $300 Million in IQiyi for Video, iQIYI have two strategic investors Baidu and Xiaomi.
- 8th,Dec ATF: China’s iQIYI to Double Production Slate in 2015
- 2015, iQIYI purchase the online copyright of 8 Top entertainment show in China and Taiwan Korea entertainment show such as Running Man.
According to iResearch, a widely quoted third-party industry research firm, as of October 2014,iQIYI and PPS had a total of 202.18 million mobile viewers who watched content for 600.62 million hours on these platforms, with mobile videos reaching had a total of 308.17 million mobile viewers who watched content for a total of 1176.44 million hours on these platforms. Total video views reached 500 million. Each viewer watched content for an average of 229.05 minutes in October 
iQIYI bought exclusive Chinese rights to the hit Korean show My Love from the Star, which to date has been viewed 2.7 billion times.
In 2014 iQiyi co-produced and distributed the drama Mysterious Summer with major Japanese broadcaster Fuji TV. It was the first drama co-production between China and Japan and has been viewed more than 60 million times as of October 2014.
- C. Custer (October 9, 2014). "LeTV cracks China's top 3 video streaming sites". Tech in Asia. Retrieved November 4, 2014.