Content Costs Double at Chinese Video Streaming Giant iQIYI

Presenting its annual financial report for 2016, NASDAQ-listed Baidu said that content costs had ballooned from $540 million (RMB3.75 billion) in 2015 to $1.13 billion (RMB7.86 billion) in 2016, an increase of 109% in local currency terms. – Patrick Frater, Variety via Nasdaq http://ift.tt/2l81arI