“The current regulation is gradually going onto a normal track.”

• DJI announced that it is adding L-mount camera support for its Ronin 4D model on Wednesday, and joining the L-Mount Alliance that was initially formed by Leica, Sigma, and Panasonic in 2018. DJI declined to comment further on the matter when contacted by TechNode on Thursday. The L-Mount Alliance was formed to allow a unified lens mount standard for video creators, in contrast to major camera and lens vendors building their own mount systems. Last year, 12 new L-mount lenses were released by the Alliance’s members according to NTimage, a Chinese photography group. [ITHome, in Chinese]
   
• Chinese search giant Baidu is in talks to sell all of the 53% stakes it holds in Chinese video streaming site iQiyi in a move to stay focused on AI and autonomous driving businesses, according to Reuters, citing people with knowledge of the matter. The Reuters source said Hong Kong-based equity firm PAG and Chinese telecom carrier China Mobile are among a number of potential buyers. iQiyi denied the report on Wednesday night but still recorded a 3% share drop on the news Thursday morning. This is not the first time Baidu has been reported as considering divesting from iQiyi. Local media ran similar stories in late 2020 and this February with potential bidders named as Tencent, Alibaba, ByteDance, and China Mobile. As the second-largest video streaming platform in China, iQiyi is in a highly-competitive and cash-burning industry where rivals are investing heavily in quality content in a bid to retain user attention. Similar to Netflix, iQiyi is facing challenges in monetizing its huge user base and has barely broken even in its 12-year history. [Reuters]