Yu Gong, Founder and CEO of Chinese streaming platform iQiyi Inc., and Robin Li, CEO of Baidu, ring the opening bell at the Nasdaq Market Site to celebrate iQiyi Inc.'s initial public offering (IPO) in New York City.Reuters/Brendan McDermid

iQiyi is flying up the ranks of Robinhood's top stocks.

Shares of the Chinese video service are up 90% since its IPO in March.

Baidu, China's largest search engine, owns an 18% stake in the company.

The Netflix of China is continuing to rise in popularity among millennial investors.

Data from the stock trading app Robinhood — whose usership skews markedly younger than traditional brokerages — show iQiyi is now the 42nd most popular stock.

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