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Decoding the decline: From $54 billion to $6 billion, what happened to China’s Bilibili and iQiyi?

China’s video platforms are plummeting in market value. What lies ahead for iQIYI, Bilibili and their millions of active users?

Decoding the decline: From $54 billion to $6 billion, what happened to China’s Bilibili and iQiyi?
China’s video platforms are plummeting in market value. What lies ahead for iQIYI, Bilibili and their millions of active users? Photo: iQIYI

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