In the drama level, last year's web drama "River God" harvested 8.4 Douban scores and exceeded 1.7 billion hits, and the original author of the world's bacchanal exclaimed on the spot that the adaptation was "very satisfactory and exceeded expectations".
These figures have made advertisers swoon on the one hand, and attracted paid members on the other, making Akiyoshi a very rewarding company.
According to its first-quarter earnings report, online advertising services revenue was 2.1 billion yuan ($336.5 million), up 52 percent from the same period in 2017, while membership services revenue was 2.1 billion yuan ($333 million), up 67 percent from the same period in 2017.
It's worth noting that Aiki has been increasing its R&D expenses, which is in line with its AI strategy. Its R&D spending in the first quarter was 387.3 million yuan ($61.7 million), up 44 percent from the same period in 2017.
Last year, Gong Yu raised artificial intelligence to the height of Aiki's strategic level. He has a renewed goal for Aiki: a great entertainment company driven by technology and innovation. "This greatness is because there is technological innovation to drive it, and the biggest difference in our other entertainment companies is that there is technological innovation." Gong Yu said.
Junwen Woo, a senior analyst in online video at IHS Markit, was quoted in the Wall Street Journal as noting that Aiki's greatest potential lies in its use of artificial intelligence, which helps differentiate it from other competitors "by knowing what content is most popular, what users like most, and where it's going next."
Against the backdrop of an overall market that is expected to grow to 688 billion yuan ($109 billion) by 2022, Akiyip, the most time-consuming and most-visited video streaming service provider in China, combined with artificial intelligence offers attractive prospects.
This forward-looking strategic vision of technology seems to be gaining recognition from US investors. Lovecraft jumped 4.11% on April 26th US time.
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