iQIYI Announces Development of Renowned Naval Warfare Novel "Beyond the Ocean" into CGI Animated Series

Move is part of iQIYI's latest initiative to expand revenue derived from wide range of high quality IP

BEIJING,Aug. 16,2018 -- iQIYI,Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"),an innovative market-leading online entertainment service in China,today announced the release of "Beyond the Ocean," an animated CGI series produced by iQIYI in co-operation with Daysview Animation,a leader in China's CGI production industry. A story of nautical adventure set on the ancient Silk Road maritime routes,iQIYI's animated version of "Beyond the Ocean" is adapted from a popular adventure novel series of the same name by renowned Chinese author Ma Boyong.

iQIYI Announces Development of Renowned Naval Warfare Novel "Beyond the Ocean” into CGI Animated Series

In the series,Ma paints a complex and majestic narrative tapestry which sees main character Prince Jianwen set out for adventures on the high seas with the crew of his ship in ancient China. The novel,which was originally published online,has been incredibly popular with Chinese fantasy fans,with the final chapter of the first book gaining over 20 million views online. The full series is now also available on the popular iQIYI Reading app.

Exclusively available on the iQIYI platform,"Beyond the Ocean" is part of iQIYI's drive to expand revenue derived from high quality IP content. As with many shows on iQIYI,VIP members are able to view an additional episode of the show in advance of non-VIP members. Viewing the animated series in Dolby surround sound is a further privilege reserved exclusively for VIP members.

"We are excited to welcome 'Beyond the Ocean' as the latest addition to iQIYI's growing collection of animated series adapted from high quality IP,which also includes 'The Ancient Welkin' and 'Ling Yu'," said Yang Xiaoxuan,Vice President of iQIYI. "iQIYI will continue to be a leader in combining cutting edge animation technology with the most attractive IP in order to meet the diverse entertainment needs of our users."

According to data collected by iResearch,in June this year the iQIYI Animation channel was visited by 168 million mobile devices,receiving over 7.374 billion views and accumulating over 462 million hours of viewing time,ranking first in its category across China.

In addition to the animated adaptation of "Beyond the Ocean," iQIYI is also working to adapt the novel into a live action drama series. Development of the new drama is due to begin later this year with Ma Boyong and famous Chinese director Huang Jianxin both onboard.

About iQIYI,In

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 a diversified monetization model 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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