HUGE BOOM: The video streaming service has grown its subscriber base by over 200% in 12 months.
LOS ANGELES: Chinese online video company iQIYI revealed that it has over 5 million paid-for subscribers to its premium video-on-demand system.
The company which largely operates on an advertising supported business model, said that streaming video-on-demand (SVoD) numbers enjoyed have surged in the past two quarters. Year on year growth in SVoD subscribers is 765%, the company reported.
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