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Xiaomi targets 20 million premium users for its new electric vehicle, says president

IQiyi posts first year of profits, says it’s ‘excited’ about Sora-like AI

A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is “excited” about potential new business opportunities with the emergence of OpenAI’s text-to-video tool Sora. Speaking exclusively to CNBC...