
China’s state broadcaster, China Central Television (CCTV), has taken a small stake in iQIYI as the video-streaming platform grapples with declining revenue. Beijing iQIYI Technology Co. added CCTV Integrated Media Development Co. as a shareholder with a 0.9999% stake, according to corporate filings. The move reduced Chairman Geng Xiaohua’s ownership from 100% to 99.0001%…
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