Robert Roy, Netflix’s vice president of content acquisition, announced the deal onstage Tuesday at an industry conference in Indonesia. “China is an important market for obvious reasons; it’s also a challenging market for obvious reasons,” said Roy, according to the Hollywood Reporter.
iQiyi is a spin-off from Baidu, China’s top search engine. The portal’s main rival is Alibaba-owned Youku.
“We are going to announce details in the near future,” an iQiyi spokesperson