Jan 15, 2014
Gong Yu, CEO of Chinese internet firm Baidu's (Nasdaq: BIDU) online video subsidiary iQiyi, has revealed that the company does not expect to achieve profitability in 2014.
According to Gong, China's online video industry is still in a period of rapid growth, during which the company is focused on capturing users, not revenue.
Keywords: strategy Gong Yu Internet profit online video Baidu BIDU iQiyi
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