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Yifan Ye

Research Analyst at CLSA

Yifan Ye is an Equity Analyst at CLSA specializing in the coverage of Chinese internet and media companies, including iQIYI Inc. Known for conducting in-depth research and engaging with C-suite leaders during earnings calls, Ye delivers actionable insights on corporate strategy and financial outlooks. Since joining CLSA, Ye has consistently contributed to research teams with a focus on content-driven growth markets, particularly analyzing overseas expansion strategies in the tech and media industries. Ye's professional credentials include expertise in fundamental equity analysis and a robust analytical approach, supporting a reputation for providing thorough sector intelligence to CLSA clients.

Yifan Ye's questions to iQIYI (IQ) leadership

Yifan Ye's questions to iQIYI (IQ) leadership • Q1 2025

Question

Yifan Ye (Maggie Ye) requested details on the overseas business, including membership, content distribution, its current financial contribution, and the outlook for the next one to three years.

Answer

CEO Yu Gong and CFO Jun Wang addressed the question. Mr. Gong noted that after a slow start due to COVID, the overseas business is now in a rapid development phase, having established effective regional content mixes (approx. 50% Chinese content). He cited the growing global popularity of Chinese dramas as a key tailwind. Mr. Wang added that from a management accounting perspective, the overseas business has been profitable for the past couple of years. The forward-looking strategy is to reinvest these profits to fuel further growth, rather than targeting significant profit contribution, as the overall revenue share from overseas remains relatively low.

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