BEIJING, Aug. 26, 2018 /PRNewswire/ -- iQIYI
Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an
innovative market-leading online entertainment service
in China, today announced it has come to a far-reaching new
partnership with Ctrip (NASDAQ: CTRP), Asia's largest online travel agency and the
second largest in the world.
Under the agreement, iQIYI V7 VIP members will be able to enjoy
all of the exclusive perks available to Ctrip's Prime Members,
including discounts on hotel bookings and entry to sightseeing
attractions, fast track airport security service, priority access
for purchasing train tickets, as well as experience the comfort of
Ctrip's airport VIP lounges. The benefits will be available to V7
VIP members for one year after activation and the offer can be
redeemed before June 30, 2019.
"V7" is the highest of iQIYI's seven levels of VIP membership
ranking for users. Higher levels of membership are reached by
accumulating points, calculated through factors such as membership
payment status, number of logins and amount of content viewed. The
new partnership with Ctrip will add to the extensive list of
benefits available exclusively to iQIYI V7 VIP members, which
already includes discounted cinema tickets, priority attendance at
star-studded offline events and exclusive showings of new
blockbusters.
"The announcement of iQIYI's new partnership with Ctrip
represents an exciting coming together of China's leading entertainment platform and
China's leading online travel
agency," said Yang Xianghua, Senior Vice President of iQIYI. "These
additional benefits are the perfect way to thank our loyal iQIYI V7
VIP members, and are a major part of our drive to improve the user
experience and benefits available to all users of our comprehensive
entertainment platform."
According to iQIYI's 2018 Q2 financial results, the total number
of subscribing members now stands at over 67.1 million as of
June 30th, 2018, up 75%
from a year ago. The partnership with Ctrip follows the joint
membership program announced with JD.com in April this year.
About iQIYI, Inc.
iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company") is an
innovative market-leading online entertainment service
in China. Its corporate DNA combines creative talent with
technology, fostering an environment for continuous innovation and
the production of blockbuster content. iQIYI's platform features
highly popular original content, as well as a comprehensive library
of other professionally-produced content, partner-generated content
and user-generated content. The Company distinguishes itself in the
online entertainment industry by its leading technology platform
powered by advanced AI, big data analytics and other core
proprietary technologies. iQIYI attracts a massive user base with
tremendous user engagement, and has developed diversified
monetization models, including membership services, online
advertising services, content distribution, live broadcasting,
online games, IP licensing, online literature and e-commerce etc.
For more information on iQIYI, please
visit http://ir.iqiyi.com.
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service
provider of accommodation reservation, transportation ticketing,
packaged tours and corporate travel management in China. It is
the largest online consolidator of accommodations and
transportation tickets in China in terms of transaction
volume. Ctrip enables business and leisure travelers to make
informed and cost-effective bookings by aggregating comprehensive
travel related information and offering its services through an
advanced transaction and service platform consisting of its mobile
apps, Internet websites and centralized, toll-free, 24-hour
customer service center. Ctrip also helps customers book vacation
packages and guided tours. In addition, through its corporate
travel management services, Ctrip helps corporate clients
effectively manage their travel requirements. Since its inception
in 1999, Ctrip has experienced substantial growth and become one of
the best-known travel brands in China.
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SOURCE iQIYI, Inc.