Why iQiyi Stock Was Winning This Week
iQiyi (NASDAQ: IQ), a China-based purveyor of streaming video, saw its stock rise in the low-double digits across the span of this week. As of late afternoon trading Friday, the shares had risen by just over 10% week-to-date, thanks in large part to significant content news from the company.
iQiyi clearly isn't letting the Chinese government's clampdown on certain business sectors -- particularly tech -- stop it from pushing forward. At the end of last week, the company announced the release of no less than 260 new movies and TV shows.
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Source Fool.com
