iQIYI Original VR Film "The Last One Standing VR" Shortlisted for Award at the 75th Venice International Film Festival

BEIJING,July 25,2018 -- iQIYI,Inc.(NASDAQ: IQ) ("iQIYI" or the "Company"),an innovative market-leading online entertainment service inChina,today announced its original virtual reality (VR) film "The Last One Standing VR" has been shortlisted for an award in the VR category at the prestigiousVenice International Film Festival,the first Chinese science fiction adventure VR film to be recognized with this honor.

As a stunning piece of work which demonstrates iQIYI's strengths in both content and technology,"The Last One Standing VR" tells the story of a future world in which humans and robots fight each other. Viewers will enjoy the world of "The Last One Standing VR," a captivating mix of Chinese and cyberpunk elements,through a first person perspective,filmed in a single long take.

The Venice International Film Festival is one of the most prestigious film festivals in the world,with the VR category of the competition beginning just last year. The shortlisting of "The Last One Standing VR" represents a significant breakthrough in international recognition for iQIYI's strategy of developing both the most entertaining content and the most advanced technology. After the premiere at the 75th Venice International Film Festival,"The Last One Standing VR" will also be shown at Digital Domain Space,China's largest offline VR cinema.

"Virtual reality and augmented reality have the potential to change the nature of the entertainment industry,and iQIYI is proud to be at the forefront of this revolution," said Duan Youqiao,Senior Vice President at iQIYI. "The critical acclaim received by our original VR production 'The Last One Standing VR' is evidence that we are on the right track,and we will continue to find ways to offer viewers a more immersive entertainment experience,through both producing the highest quality VR content and further developing our cutting-edge VR technology."

As one of the first Chinese entertainment companies to begin exploring the possibilities presented by VR,iQIYI has become the largest online platform in China for the distribution of VR content. It has also innovatively applied VR technology to films,original dramas,variety shows,and online games. To date,iQIYI'S VR app has been activated more than 10 million times.

About iQIYI,Inc.

iQIYI,Inc.(NASDAQ:IQ) ("iQIYI" or the "Company") is an innovative market-leading online entertainment service inChina. Its corporate DNA combines creative talent with technology,fostering an environment for continuous innovation and the production of blockbuster content. iQIYI's platform features highly popular original content,as well as a comprehensive library of other professionally-produced content,partner-generated content and user-generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI,big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement,and has developed diversified monetization models including membership services,online advertising services,content distribution,live broadcasting,online games,IP licensing,online literature and e-commerce etc. For more information on iQIYI,please visithttp://ir.iqiyi.com.

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