The Netflix of China is on a hot streak with millennial investors (IQ) - Creak News

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The Netflix of China is on a hot streak with millennial investors (IQ)

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iQiyiReuters/Brendan McDermid

  • iQiyi is flying up the ranks of Robinhood's top stocks.
  • Shares of the Chinese video service are up 90% since its IPO in March.
  • Baidu, China's largest search engine, owns an 18% stake in the company. 

The Netflix of China is continuing to rise in popularity among millennial investors.

Data from the stock trading app Robinhood — whose usership skews markedly younger than traditional brokerages — show iQiyi is now the 42nd most popular stock. It's gained 32 spots in the app's popularity ranking since last week, surpassing Dropbox, GM, and other more well-known companies.

See the rest of the story at Business Insider

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SEE ALSO: The Netflix of China has become the hottest stock for millennials



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