The Latest Breaking News from IQ

London-based IQ Capital raises $400 million to invest in deep tech

The UK’s tech sector was given a boost today after London-based private equity firm IQ Capital said it had raised $400 million (£320 million) to invest in deep tech businesses.

Evening Standard · Jun 5, 2023

IQ and Frequency: "It's one of our best pieces of work"

Having endured the loss of founding keyboard player Martin Orford during the writing of the album, IQ returned with their powerful tenth album Frequency in 2009

Louder · May 25, 2023

1,000-home plan near Piccadilly Station back on following Covid blip

They will be 27, 21, and 16 storeys tall

Manchester Evening News · May 10, 2023

iQIYI Shares Trade Lower On Reports Of Possible Stake Sale

Baidu, Inc (NASDAQ:BIDU) is exploring selling its controlling stake in iQIYI, Inc (NASDAQ:IQ) at a potential valuation of ~$7 billion, Reuters reports. Baidu, which owns 53% of iQIYI and holds over 90% of its shareholder voting rights, looks to sell all its holdings in China's Netflix, Inc (NASDAQ:NFLX) counterpart. Baidu's targeted valuation of $7 billion represents…

Benzinga · Jun 15, 2022

Why Baidu Shares Are Gaining Today

Baidu, Inc (NASDAQ:BIDU) reported first-quarter FY22 revenue growth of 1% year-on-year to $4.48 billion, beating the consensus of $4.18 billion.  Segments: Baidu's Core revenue increased 4% Y/Y to $3.37 billion; Online marketing revenue declined 4% Y/Y to $2.47 billion, and Non-online marketing revenue jumped 35% Y/Y to $903 million, driven by cloud and other AI-powered businesses.…

Benzinga · May 26, 2022

Baidu, iQIYI Explore Options After US SEC Added Them To Provisional List Pending Audit Review

Baidu Inc (NASDAQ:BIDU) explored options after the U.S. SEC added the Chinese search engine giant to a list of companies that faced delisting concerns, Reuters reports. Beijing refused to permit U.S. officials to review their auditors' work, Bloomberg reports. A 2020 U.S. law mandated a three-year clock for firms to comply with inspection…

Benzinga · Mar 31, 2022

2 Popular Chinese Stocks to Avoid Like the Plague

Given the increasing geopolitical tensions between China and the United States, potential delisting concerns, and rising COVID-19 cases in China, Chinese stocks listed in U.S exchanges have been plummeting in price of late. Because this trend is expected to continue, we think fundamentally weak Chinese stocks iQIYI (IQ) and New…

StockNews.com · Mar 28, 2022

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…

Benzinga · Mar 16, 2022

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…

Benzinga · Mar 2, 2022

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.

Benzinga · Mar 1, 2022