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iQIYI Establishes Strategic Partnership with China Unicom to Build Joint R&D center for 5G Terminal DevicesBEIJING, June 26, 2019 /PRNewswire/ -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, announced at the Mobile World Conference (MWC) in Shanghai that it has reached a strategic partnership with China Unicom, one of the largest mobile service providers in China, to establish a joint R&D center (the "Center") for the innovation and application of 5G in terminal devices. Under the partnership, both parties will partner on technology development, including 5G network slicing, 5G Multi-access Edge Computing (MEC), big data, MR/AR/VR, as well as 4K/8K UHDV, and jointly establish a 5G terminal R&D center. Under the partnership, China Unicom will provide the Center with research resources including testing grounds for 5G technology as well as testing and research equipment and devices; iQIYI, on the other hand, will provide mixed and augmented reality VR testing spaces as well as testing equipment and devices. Both parties aim to devote their respective advantages in technology, talent and terminal devices to the prtnership in effort to promote the innovation and application of 5G VR/AR terminal devices, and to optimize the industrial value. As 5G technology innovation continues to drive industrial upgrade, VR is expected to be applied and more in day-to-day life. Driven by its forward-looking strategy and innovation, iQIYI's endeavors in VR technology has allowed it to build its own VR scenario ecosystem including film and television, gaming, social networking and interaction. At present, iQIYI has established 5G-related partnerships with the top three mobile service providers in China, namely China Unicom, China Telecom and China Mobile, to jointly explore opportunities of the 5G and VR market. About iQIYI, Inc. View original content:http://www.prnewswire.com/news-releases/iqiyi-establishes-strategic-partnership-with-china-unicom-to-build-joint-rd-center-for-5g-terminal-devices-300875220.html SOURCE iQIYI, Inc. |