Decoding the decline: From $54 billion to $6 billion, what happened to China’s Bilibili and iQIYI? ...Middle East

Subscription video platform iQIYI’s market capitalization stood at nearly $20 billion in 2020. Since then, the value of the Chinese video-streaming giant has plummeted 73.5 percent to just $5.3 billion. Similarly, previous investor darling and short video-streaming platform Bilibili saw its value drop from $54 billion to $6.5 billion in the same time frame. Compare this to Douyin, which was named the world’s most valuable unicorn in H1 2022 with a $200 billion valuation. What happened to China’s former streaming powerhouses? Recommended ReadingWill Global Luxury Brands Forget About Bilibili?By Avery Booker Losing luster Bilibili was once praised for its unique business model and popularit

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Decoding the decline: From $54 billion to $6 billion, what happened to China’s Bilibili and iQIYI? ...Middle East

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