iQIYI moves higher after 'The Last One Standing VR' 'shortlisted ' at Venice
Earlier today, iQIYI announced its original virtual reality film "The Last One Standing VR" has been shortlisted for an award in the VR category at the prestigious Venice International Film Festival, the first Chinese science fiction adventure VR film to be recognized with this honor. "As a stunning piece of work which demonstrates iQIYI's strengths in both content and technology, "The Last One Standing VR" tells the story of a future world in which humans and robots fight each other. Viewers will enjoy the world of "The Last One Standing VR," a captivating mix of Chinese and cyberpunk elements, through a first person perspective, filmed in a single long take," said the company. Shares of iQIYI are up 4% or $1.27 to $33 per share in midday trading.