US Stocks Movement | iQIYI Rises Over 2% Pre-market as Gong Yu Announces Strategic Transformation Targeting Decentralized Social Media
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Glonghui, April 20 — iQIYI (IQ.US) shares rose 2.13% to $1.44 in pre-market US trading. According to reports, at the "2026 iQIYI World Conference" held on April 20, founder Gong Yu announced a core strategy: iQIYI will transform from a traditional "content-centered" platform to a "decentralized social media" model. This means that, in the future, the platform will step back from being a "content production decision-maker" and shift to becoming an "ecosystem enabler."
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