BEIJING, March 23, 2020 /PRNewswire/ -- On March 23rd, iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or
the "Company"), an innovative market-leading online entertainment
service in China, launched the
presales for its Qiyu 2Pro VR somatosensory game console ("Qiyu VR
2Pro" or the "Console") on e-commerce platforms. iQIYI aims to
provide users with an immersive gaming experience by having applied
interactive 6DoF technology to the Console. The Qiyu VR 2Pro will
sell for a presale price of RMB 3899
and for an official price of RMB 3999
starting April 9th.
"Video, games, and social networking are the three major
application scenarios of VR; they also signify the three stages of
the VR industry's development," said Xiong
Wen, CEO of Chongqing iQIYI
Intelligence Technology Co., Ltd. "Over the past four years,
through its strategy of combining 'software + hardware' with a
'content + terminal' approach, iQIYI has achieved the world's
highest standard in the visual experience of VR. In the future, 5G
and AI-based cutting-edge technology are factors that will
accelerate iQIYI's expansion in gaming. With inside-out 6DoF
tracking being at the core of VR industry trends and technology, it
also plays a big role in the growth strategy of the Qiyu VR product
line."
Qiyu VR 2Pro adopts the cutting-edge inside-out 6DoF game
technology in its interactive patterns. It achieves 6 degrees of
freedom (6DoF) of the head and hand through the configuration of
double 6DoF VR dual controllers, which can better satisfy users'
experience in scenarios of virtual reality games and create an
immersive gaming environment. Users are also guaranteed a fast and
smooth gaming experience through high-quality hardware features,
including its use of the Snapdragon 835 Chip from Qualcomm with a
6G memory and 4K Real RGB, as well as
its ability to support the low latency streaming of PC monitors. In
addition, weighing only 318 grams, the Console's front and back
balancing design features allow users to game comfortably for a
long time.
Having also partnered with HTC VIVEPORT, Qiyu VR 2Pro offers
more than 300 VR games including classics such as Boxing Legend
Manny VR, Angry Birds VR: Isle of Pigs, Ninja Legends
VR, Fruit Ninja. As one of iQIYI's important game
content partners, VIVEPORT has worked closely with iQIYI on game
content and operations in order to develop ultra-HD 3D games that
best utilize the Console's robust configuration. Going forward,
iQIYI Qiyu will continue to establish partnership with top video
game publishers, including NetVios, to create market-leading VR
games.
According to IDC's latest Worldwide Augmentation and Virtual
Reality Spending Guide, the global AR/VR market is estimated to
reach USD$18.8 billion in 2020, an
increase of 78% compared to 2019. China's AR/VR spending is expected to be
USD$5.76 billion, accounting for more
than 30% of the global market share.
Since 2017, iQIYI has been developing its VR/AR hardware, as
well as technology and content. The Company has released Qiyu VR
all-in-one product series, which have topped the sales of
specialized products on top e-commerce platforms including JD.com
and Tmall during Singles' Day for multiple years. In terms of
cross-industry collaboration, iQIYI has explored various
opportunities to commercialize its VR capabilities. For example,
the Company has worked with hotels on the placement of iQIYI VR
products in hotel rooms, while also having been featured in events
including Beijing International
Film Festival and Cannes Film Festival.
In the future, iQIYI Qiyu will continue to place the needs of
its users at the core of its development, while also investing in
content developers to ensure that a complete VR ecology is created
and maintained. Utilizing its advantages in 5G and AI technology,
iQIYI will continue to invest and lead the trend of VR as an
entertainment experience.
About iQIYI, Inc.
iQIYI, Inc. 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 a diversified monetization model
including membership services, online advertising services, content
distribution, live broadcasting, online games, IP licensing, online
literature and e-commerce.
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SOURCE iQIYI, Inc.