iQIYI's new company includes AI software development business iQIYI's new company includes AI-related business.

Tianyancha App shows that recently, Guangdong Hengqin IQIYI Yangjin Cultural Media Co., Ltd. was established, with Wang Ruiyang as the legal representative and a registered capital of 5 million RMB. Its business scope includes advertising release, digital advertising production and release, organizing cultural and artistic exchange activities, marketing planning, social and economic consulting services, information system integration services, and artificial intelligence application software development. Shareholder information shows that the company is fully owned by Shanghai IQIYI Network Technology Co., Ltd., a subsidiary of IQIYI.