* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, August 28, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

IQIYI’s VR Company in Crisis: Employees Demand CEO Gong Yu for Salaries

August 5, 2023
in Technology
IQIYI’s VR Company in Crisis: Employees Demand CEO Gong Yu for Salaries
Share on FacebookShare on Twitter

Beyond Pico, another extreme in domestic VR – iQiyi’s subsidiary VR company Dream Blossom has been reported to have ceased operations.

Yesterday, several insiders from Dream Blossom revealed to Sina Technology that the company’s business is currently stagnant and over a hundred employees have not been paid. Currently, some employees have been sending private messages to Gong Yu, the CEO of the parent company iQiyi, through internal OA software. However, they are not satisfied with Gong Yu’s response.

Another employee revealed that the salary arrears and business suspension this time were mainly due to the incomplete arrival of the $5568 million C-round financing announced by the company in January, which led to a break in the funding chain.

In January of this year, Dream Blossom announced the completion of Round C financing. This financing was jointly invested by Qingdao Jingkong Group and True Knowledge Capital, with a total investment of $5568 million. According to insiders, this financing is a phased allocation with performance-based clauses. However, Dream Blossom failed to achieve its predetermined sales target and therefore could not obtain the complete financing amount, only receiving tens of millions.

But this statement has not been officially confirmed. Currently, iQiyi and Dream Blossom have also not responded to this matter.

SEE ALSO: Profit-driven iQIYI International App to Continue to Promote Chinese-language Content

According to the information provided by the aforementioned employees, the number of people currently in the “Dream Blossom” salary protest team at iQiyi has reached 133, including legal personnel who have already resigned but are still owed wages.

Among them, several “Dream Blossom” employees sent private messages to Gong Yu and received a reply stating, Dream Blossom and iQiyi are separate legal entities. iQiyi has been making every effort to assist Dream Blossom in financing. The management of Dream Blossom is actively seeking solutions to overcome difficulties. Please be patient and rational!

However, some employees still express dissatisfaction with this response. They believe that when the concept of the metaverse was popular, iQiyi often used their company for packaging and external promotion. In addition, iQiyi took the lead in changing management and they also received emails from senior executives at iQiyi. Now that something has happened, they are emphasizing that there are two separate business entities.

According to public information, on December 1, 2021, iQiyi Intelligent officially announced its renaming as “Dream Blossom” and its comprehensive entry into the metaverse. On January 17th of this year, Dream Blossom once again announced its renaming as “Qingdao Dream Blossom Technology Co., Ltd.”, with the company’s headquarters located in Qingdao West Coast New Area. It also announced that it has secured a C-round financing of $5568 million.

In communication with Sina Technology, several employees of “Dreams Blossom” expressed that the $5568 million financing has not been fully received, which may be one of the reasons for the delay in salary payment.

As a domestic VR company, backed by iQiyi‘s online video and technological capabilities, Pico has always been regarded as an important player in the domestic VR brand landscape. In the industry market, it is compared to ByteDance’s “PICO”.

Two years ago, there was a VR “hot trend” both domestically and internationally. The American social media company Facebook announced its rebranding as Meta, while the domestic technology industry focused on the metaverse/XR storm.

But in the past year, there has been a general cooling down in this field.

In November 2022, Meta’s metaverse business unit Reality Labs announced a full-year loss of $13.7 billion, and Mark Zuckerberg announced the layoff of 11,000 employees. Later this year, another 10,000 employees were laid off. In April of this year, Microsoft also announced the dissolution of its newly established industrial metaverse team after only four months.

The cold air of the decline in the overseas metaverse has spread to the domestic market. A group of domestic metaverse and XR manufacturers have successively initiated a cost reduction and efficiency improvement “movement”: On February 16th, PICO was reported to have laid off hundreds of employees, optimizing the ratio by 20% to 30%; at the same time, Tencent Games’ XR business will change its hardware development path, and related business teams will also be adjusted. In addition, Kuaishou has also disbanded its panoramic video business, and Ma Yingwu, the person in charge, has resigned.

As of June 6th this year, with the announcement of Apple’s first MR product, Vision Pro, the long-dormant metaverse field has regained a glimmer of confidence. At that time, some industry insiders predicted that although it is currently facing a downturn, with the official launch of Apple’s Vision Pro next year, the MR industry may gradually move towards a path of confidence.

Unfortunately, the dream of “Dream Blossom” in the metaverse may not withstand this wave of cold spells.

Sign up today for 5 free articles monthly!

Pandaily Substack subscribe

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Pandaily – https://pandaily.com/iqiyis-vr-company-in-crisis-employees-demand-ceo-gong-yu-for-salaries/

Tags: CompanyIQIYI’stechnology
Previous Post

Zeekr 001 European Edition Will Soon Enter the German and French Markets

Next Post

GWM Launches Hafer H6 HEV, Enters Vietnamese Market

Ecological Concerns – The Portugal News

Rising Ecological Concerns Threaten Portugal’s Natural Heritage

August 28, 2025
Scientists warn ocean-based climate fixes lack rules and oversight – Mongabay

Scientists warn ocean-based climate fixes lack rules and oversight – Mongabay

August 28, 2025
Posco student volunteers take science projects abroad – The Korea Herald

Posco Student Volunteers Ignite Curiosity with Science Projects in Communities Abroad

August 28, 2025
Mediterranean diet with lifestyle changes lowers diabetes risk by 31% – News-Medical

Adopting a Mediterranean Diet and Lifestyle Cuts Diabetes Risk by 31%

August 28, 2025
ITSWC 2025: Thursday sessions guide – Traffic Technology Today

Your Ultimate Guide to Thursday Sessions at ITSWC 2025

August 28, 2025
Real Madrid Graduate School Universidad Europea and UNO Launch Dual Degree in Sports Management – University of Nebraska Omaha

Real Madrid Graduate School and UNO Launch Exciting New Dual Degree in Sports Management

August 28, 2025
Hamburg Township baton twirlers capture world championship title in Italy – WXYZ Channel 7

Hamburg Township Baton Twirlers Triumph as World Champions in Italy

August 28, 2025
Diversification helps Minnesota farm navigate ag economy slump – Brownfield Ag News

How Diversification is Powering a Minnesota Farm’s Success During Tough Agricultural Times

August 28, 2025
‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

August 28, 2025
CDC Director Susan Monarez ousted, four other leaders quit health agency – CNBC

Top Health Officials Resign Amid Controversy as CDC Director Susan Monarez Is Ousted

August 28, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (794)
  • Economy (813)
  • Entertainment (21,692)
  • General (16,717)
  • Health (9,854)
  • Lifestyle (827)
  • News (22,149)
  • People (814)
  • Politics (821)
  • Science (16,023)
  • Sports (21,312)
  • Technology (15,794)
  • World (795)

Recent News

Ecological Concerns – The Portugal News

Rising Ecological Concerns Threaten Portugal’s Natural Heritage

August 28, 2025
Scientists warn ocean-based climate fixes lack rules and oversight – Mongabay

Scientists warn ocean-based climate fixes lack rules and oversight – Mongabay

August 28, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version