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Good morning,

Welcome back to Strait Up, our weekly newsletter that makes sense of what’s going on in Southeast Asia.

This week, we look at the curious case of Chinese streaming platform iQiyi, which turned a profit in the first quarter of 2022. How did it do it, and is this replicable for platforms in Southeast Asia?

We also dived into GoTo’s latest financial results, and observed how the numbers shouldn’t be compared with Grab’s. In the Philippines, broadcaster ABS-CBN is making a comeback after it was ordered to shut down by President Rodrigo Duterte in 2020.

Let’s go.

Lede image credit: George Pagan III/Unsplash

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