iQIYI NASDAQ: IQ reported second-quarter revenue of RMB 6.3 billion, up 1% sequentially, as growth in content distribution offset seasonally lower membership revenue. The company said its non-GAAP operating loss narrowed 8% from the prior quarter to RMB 130.3 million, bringing it closer to breakeven.Founder, Director and Chief Executive Officer Yu Gong said the company is pursuing a strategic transformation centered on decentralizing its content ecosystem and expanding the use of artificial intelligence acr ...