巨浪财经

“Is this made by AI?”
“AI has truly restored the aura of the Nine Heavens Xuannü.”
“The dragon chase scenes are amazing—so many iconic moments.”
“Warm, kind, and truly original—like the real divining board flavor.”
“I saw it and then forgot it was AI.”
“When will Part 3 be released?”
After the recent launch of the AIGC online story film series “Floating Dreams” under (Soul Ferry), the focus of audience discussions quietly shifted—from the initial scrutiny of the “AI feel,” gradually returning to discussions about character arcs, narrative tension, and emotional resonance. Viewers no longer just identify which scenes are generated by AI; they start to talk about whether the story is compelling, whether the characters feel real, and whether the emotions are moving—while also eagerly anticipating the next installment.

21st Century Business Herald reporter He Hongyuan and intern Mo Ziteng
The development of the long-form video industry has hit a bottleneck.
According to QuestMobile data, in June 2026, the monthly active users (MAUs) of the four major online video platforms—Tencent Video, iQIYI, Mango TV, and Youku Video—were 319 million, 291 million, 243 million, and 161 million respectively, with year-over-year declines to varying degrees.
In terms of performance, all players are facing pressure.
In the second quarter of this year, iQIYI’s revenue fell 5.1% year over year to RMB 6.29 billion; net loss was RMB 288 million, compared with a net loss of RMB 134 million in the same period last year.
Specifically, iQIYI’s subscription revenue fell 2% year over year to RMB 4.0 billion; advertising revenue fell 2% year over year to RMB 1.25 billion. This pattern indicates that iQIYI’s original business model has fully moved on from growth.

Amid a roaring AI wave, the presence of long-video platforms is both eye-catching and slightly subtle. Rather than saying this is an active strategic choice on their part, it seems more like a form of passive defense driven by the push of technology.
Nowadays, the main battleground for long videos has been steadily losing ground, facing the risk of being overrun. As the most critical surge period of the year for long drama breakout hits, this year’s summer season hasn’t brought much good news. According to Jiemian Entertainment statistics, as of now, only Youku’s (Jiǔ Mén) and (Qiáo Chǔ) have exceeded 10,000 in heat, clearing the breakout-hit kicking line. The basic foundation of long dramas is visibly loosening.

This article comes from the WeChat Official Account: Yiyuguancha (ID: yiyuguancha), By/HAL.
Recently, iQIYI held a creators’ conference in Beijing.
More than 2,000 AIGC creators and industry partners attended on site. In addition, hundreds of creators from Shanghai, Guangzhou, Chengdu, Wuhan, and Wuxi joined via live-stream branch sessions. Although the conference name didn’t include “AI,” judging from the attendee profile, the announcements, and the support policies, AIGC is clearly the real protagonist of this event.
At the event, iQIYI introduced the Nadao Pro, which iterated more than 200 features over the past three months, and also rolled out a talent pool, a business order marketplace, digital asset trading, and the Skill Store. Meanwhile, an ecosystem around Nadao’s points top-ups, model calls, and commercial services is beginning to take shape step by step.

On August 25, Tiandi Online rose 3.52%, with trading volume of RMB 81.8645 million, turnover rate of 4.33%, and a total market value of RMB 3.031 billion.
Price movement analysis
Xiaohongshu concept + Kuaishou concept + Pinduoduo concept + Douyin concept (Byte concept) + Tencent concept
1. Investor relations record on December 30, 2024: With more than a decade of business accumulation, the company has gathered resources from more than 40 mainstream media organizations both online and offline. It has established good cooperation with well-known enterprises and groups such as Tencent, 360, iQIYI, Toutiao, Xiaohongshu, etc., building a diversified system of internet media resources and product/service offerings. Its business model covers the entire industry and all online and offline scenarios. The company now has one-stop service capabilities for content that spans the whole domain, operations that cover the full panorama, and marketing that connects the entire chain.

Written by丨Rosy
Edited丨Mei Qi
Entertainment Value Official Interpretation:
ID:wenyujiazhiguan
“I originally thought this would be a conference with a very high professional threshold. But when I got to the venue, I found that the attendees were quite diverse, and the atmosphere was young and enthusiastic—it's been a long time since the industry had such lively and exciting scenes.” Director Cui Yi, who has taken part in the production of documentaries such as (Aerial China) and (Eight Hundred Years of the State of Chu), has now shifted into AI content creation. He shared his genuine impressions with the Entertainment Value Official.
On the afternoon of August 20, more than 2,000 creators—representing major labels, small-and-medium teams, and individual identities—gathered at the iQIYI Creators Conference at the Beijing International Convention Center. The Entertainment Value Official invited several frontline practitioners to take part, including Cui Yi, a former documentary director who has transitioned to AI creation, and Miao Sen, a creator of manhua-style dramas. At the scene, several creators stood at the user end and shared the difficulties they encounter in everyday creation, and also expressed what kind of support they hope the platform can provide.

(Source: The Paper)
In recent years, Changning has proactively adapted to new demands for overseas business expansion under the current circumstances. Innovative development models such as “brand going global,” “district going global,” and “going global along the industrial chain” have continued to emerge in the “fertile ground of industry.” With the official release of the (Action Plan for the Hongqiao Overseas Enterprises Headquarters Cluster 2026–2028), Changning’s efforts to enable companies to go global have fully embarked on a new journey. To this end, the district integrated media center, together with the district commerce commission, launched a series of reports titled “‘Ning’ to Start a New Chapter: New Forces in Going Global,” providing a comprehensive view of Changning’s ecosystem building and development achievements in overseas expansion. This installment focuses on iQIYI’s journey in going global. Through a pragmatic operating approach of “mutual prosperity between long and short content, and intensive focus on regional markets,” it has achieved a deep transformation from exporting a single type of content to exporting a full-chain platform ecosystem. It has grown steadily into a core Asian entertainment media streaming platform covering nearly 200 countries and regions worldwide.

(Source: Legal Daily)
Sourced from: Legal Daily
#What are the consequences of doctors issuing forged mental-illness assessment reports?##Look back at the progress of China’s rule of law together with the nation’s resolute drive#【Watch together (with Respected/“Heavyweight”), learn together—win benefits by learning the law! Like and comment to have a chance to win an iQIYI VIP card and even signed photos of the starring cast!】Recently, the period legal drama ensemble (with Respected/“Heavyweight”)@电视剧重器 starring Huang Jingyu @黄景瑜, Jiang Qiming @蒋奇明, Yan Peilun @闫佩伦Ypl, Zhang Jianing @张佳宁, and Jiang Peiyao @姜珮瑶 is currently airing. The series, with its roots in the real historical course of legal development, tells the story of generations of legal professionals who uphold justice and protect the original intention of the rule of law. #Have thoughts about the show#Today, join the Legal Daily host @法报君 to watch (with Respected/“Heavyweight”), and learn the law together to win benefits! In the “high-ranking official’s son’s chain rape case,” Song Xiaoguang, as the organizer of a criminal gang, was deemed to have no criminal responsibility because he was found to suffer from a mental disorder. The judge in charge of the case, Yu Gaoyuan, after conducting visits and investigations, doubted the conclusion of Song Xiaoguang’s mental-illness assessment report. This assessment report bears the signatures and seals of five psychiatric doctors locally. If the conclusion was forged, what responsibilities would they bear? If Song Xiaoguang truly has a mental disorder, does it mean he bears no legal responsibility at all? (Legal Daily) Li Hongxuan, a member of the Legal Experts database and a partner at Beijing Dacheng Law Offices, said that according to Article 305 of China’s Criminal Law, in criminal proceedings, a witness, forensic expert, record-keeper, or translator who intentionally provides false testimony, forensic findings, records, or translations regarding key circumstances related to the case, with the intent to frame another person or conceal criminal evidence, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention. If the circumstances are serious, the person shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years. The subject of this crime includes “forensic experts.” A judicial forensic professional who issues a false assessment report commits this crime. In addition, if a person who is not a forensic expert (such as hospital administrative staff or other medical personnel assisting in providing a forged report) helps to forge the assessment report, it may constitute the offense of assisting in destroying or forging evidence under the second paragraph of Article 307 of the Criminal Law. Furthermore, if Song Xiaoguang does have a mental disorder, then according to Article 18 of the Criminal Law: when a person with a mental disorder causes harmful results because they are unable to recognize or control their own conduct, and this is confirmed by legal procedures, they shall not bear criminal responsibility, but the person’s family members or guardian shall be ordered to provide strict supervision and medical treatment; when necessary, the government may impose compulsory medical treatment. A person with a mental disorder who commits a crime during periods when they are mentally stable shall bear criminal responsibility. For a person with a mental disorder who has not completely lost the ability to recognize or control their own conduct, they shall bear criminal responsibility, but the punishment may be given a lighter sentence or reduced. Article 302 of the Criminal Procedure Law stipulates that if a person who is mentally disordered—having been determined by legal procedures to bear no criminal responsibility—commits violence, endangers public security, or seriously endangers citizens’ personal safety, and may continue to endanger society, compulsory medical treatment may be imposed. Even if a person with a mental disorder is found to have no criminal responsibility, it does not mean they are simply released back into society. For a person with a mental disorder who committed violence and may continue to endanger society, the court may decide to impose compulsory medical treatment. Follow @法治日报 and repost/comment on this post. Tonight at 10:00, we will randomly select 12 lucky fans. We will give out iQIYI VIP monthly cards (10 cards), iQIYI VIP quarterly cards (1 card), and random signed photos of the starring cast (1 set)! What are you waiting for? Act now!

Source: Yangtze Evening News
AIGC feature films are quickly entering a new phase of serialized development and continuous supply. On August 21, the (Soul Snatcher) “Floating Life Dreams” series of AIGC online story films was officially scheduled for release. The series consists of three AIGC feature films: (Soul Snatcher · Butterfly Dream), (Soul Snatcher · Dream of the Heavenly Maiden), and (Soul Snatcher · Princess Dream). Each film runs for over an hour. The first two films premiered exclusively on iQiyi at 10:00 a.m. on August 22, while the third film will be released later.
As a classic homegrown original IP, “Soul Snatcher” is rooted in traditional Chinese culture, blending myth and legends, folk tales of the strange, urban life, and real-world issues. It has already released content in various forms, including long-form TV series, online films, musicals, and high-quality short dramas. This “Floating Life Dreams” series of AIGC online story films will further fill in the timeline of the “Lingbai Universe,” focusing on the “Lingbai Iron Triangle” on the road that led them there, tracing back to the beginnings of the intertwined fates of Zhao Li, Xia Dongqing, and Ya, and revealing the untold stories from their pasts.

Reposted from: Yangtze Evening News
AIGC feature films are rapidly entering a new stage of serialized development and continuous supply. On August 21, the AIGC web story film series “Floating Life Dream” from (Soul Ferry) was officially scheduled for release. The series consists of three AIGC feature films: (Soul Ferry · Butterfly Dream), (Soul Ferry · Dream of the Heavenly Maiden), and (Soul Ferry · Princess’ Dream). Each film lasts for over an hour. The first two were exclusively released on iQIYI at 10:00 a.m. on August 22, while the third will be released later.
As a classic domestic original IP, “Soul Ferry” is rooted in Chinese classical culture, integrating myths and legends, folk ghost stories, urban life, and real-world issues into one. It has already released various forms of content, including long-form TV series, online films, musical theater, and high-quality short dramas. This time, the AIGC web story film series “Floating Life Dream” will further complete the timeline of the “Lingbai Universe,” focusing on the journey of the “Lingbai Iron Triangle” by tracing the origins of how the fates of Zhao Li, Xia Dongqing, and Ya became intertwined, and uncovering the untold prehistory of the three.

　　AI-generated content feature films are rapidly entering a new stage of series development and continuous supply.
　　On August 21, the AIGC web story film series “Floating Life Dream” of (Soul Ferry) produced by iQIYI and Changxin Media was officially scheduled. The series consists of three AIGC feature-length films: (Soul Ferry · Butterfly Dream) (Soul Ferry · Heavenly Maiden’s Dream) (Soul Ferry · Princess’s Dream). Each film is over an hour long. The first two will premiere exclusively on iQIYI at 10:00 AM on August 22, and the third will be released later.
　　As a classic homegrown original IP, “Soul Ferry” is rooted in Chinese classical culture, blending mythological legends, folklore tales of the strange, urban life, and real-world issues into one. It has already released multiple content formats, including long-form TV series, online films, musical theater, and premium short dramas. This “Floating Life Dream” AIGC web story film series will further complete the timeline of the “Lingbai Universe,” focusing on the journey of the “Lingbai Iron Triangle,” tracing back to the beginning where the fates of Zhao Li, Xia Dongqing, and Ya intertwined, and uncovering the untold stories of their pasts.