In July 2014, iQiYi, owned by Baidu, ranked top among China online video providers with monthly browsing time of 786.45 million hours, followed by Youku and Letv according to data from iResearch.
In July, total number of iQiyi’s users on mobile device increased by 9.57% from June in 2014. It is estimated that the number of iQIYI’s total users will likely double by the end of 2014. In August, with monthly browsing time of 775.515 million hours, Youku ranked top among China online video providers, followed by IQiYi and Letv.
Besides iQiYi’s good performance in July and August 2014, Letv is also running on a good track as it is still in top 3 list by monthly browsing time whose CEO was awarded the Best CEO among China’s public listed companies in 2014 on Forbes.
Youku Tudou’s loss continued and Youku Tudou reached Over 500M Users in Q2 2014.