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The Latest Breaking News from IQ

Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees

Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business…

Here's Why JP Morgan Upgraded iQIYI

Here's Why JP Morgan Upgraded iQIYI

JP Morgan upgraded iQIYI Inc (NASDAQ:IQ) to Overweight, seeing multiple drivers improve margins this year after Q4 earnings. The firm raised its price target to $8 from $5, implying a 61% upside. "We expect further margin improvement in the next few quarters, driven by cost savings in content cost and opex, which should prove that iQiyi…

iQIYI: Q4 Earnings Insights

iQIYI: Q4 Earnings Insights

iQIYI (NASDAQ:IQ) reported its Q4 earnings results on Tuesday, March 1, 2022 at 03:30 AM. Here's what investors need to know about the announcement.

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iQIYI Registers Flat Revenue Growth In Q4; Targets Non-GAAP Operating Break-Even For FY22

iQIYI Inc (NASDAQ:IQ) reported fourth-quarter FY21 revenue of $1.2 billion, flat year-on-year, beating the consensus of $1.15 billion. Segments: Membership services revenue grew 7% Y/Y at $646.6 million, Online advertising services revenue declined 10% Y/Y to $261.2 million, Content distribution revenue dipped 5% Y/Y to $119.5 million, and Other revenues decreased 12% Y/Y…

Tetra Bio-Pharma Gets CA$4.5M From Québec's Government To Develop Medicine For ARDS

Tetra Bio-Pharma Inc. (TSX:TBP) (OTCQB: TBPMF) (FRA: JAM1) announced the approval of a CA$4.5 million ($3.53 million) participative loan from the ministère de l'Économie et de l'Innovation (MEI) under the BioMed Propulsion Program, managed by Investissement Québec (IQ)

Edinburgh student block covered with protective mesh after wind damages cladding

Specialist teams are set to be dispatched to the IQ Fountainbridge development to carry out remedial work on the lavish block after panelling was battered by gale force winds

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