iQIYI will license content to Douyin for editing and distribution as short videos, the video streaming site said on Tuesday. The two will also cooperate in other areas.
Users of Douyin, Toutiao and Xigua – all owned by ByteDance – will be able to edit and distribute content from iQIYI, including its popular mystery series and variety shows.
GONG Yu, Founder, director and CEO of iQIYI, said the cooperation showcased the “mutual respect and collective efforts in protecting intellectual property” of the two companies.
