This morning, Qi Yi organized a small in- house opening ceremony, Gong Yu, CEO cut the ribbon for the new office , Gong Yu said Qi Yi Network staff number reached 108.

At the ceremony, Gong Yu said that the Qi Yi Site preparations were proceeding well, 108 people were recruited, opening entered a countdown state, and all departments had begun office in Ou Mei Hui Building.

Gong Yu also disclosed plans in the near future there would be web site on-line internal test, and if currently logged qiyi.com home, the progress bar will show the progress of the construction of Qi Yi Web site is 71%, and the site is expected by the end of March before officially launched.

Gong Yu, said during an interview earlier with Sina, Qi Yi provided video platform for primarily long movies and television-based videos content, adhering to genuine, high-definition model of development, and in future will be listed in stock separately.

Not long ago, Baidu’s announced an agreement with the U.S. private equity firms Providence Equity Partners, that Providence Equity Partners would invest 5 million dollars into Baidu’s video site Qi Yi. After the injection was completed, Baidu would continue to hold a controlling share of video company.