that raised over $2.2 billion. Baidu holds a more than 56% stake in iQiyi. Often dubbed the "Netflix of China", iQiyi has become one of the major content streaming platforms in the country.
Wolfpack said it used a mixture of publicly available sources, data obtained from private sources like advertising companies as well as surveys the research firm conducted and a former employee of the streaming service. Wolfpack also takes issues with a part of iQiyi's balance sheet known as "deferred revenues," which typically refers to customers paying for a service in advance of its delivery.
"The Company emphasizes that it has always been and will remain committed to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with the applicable rules and regulations of the Securities and Exchange Commission and the Nasdaq Global Select Market."Chinese firms under the spotlight
IS THERE EVER , ANYTHING GENUINE ABOUT THE CHINESE ? Just look at XiJingpingReal When he 1st came to office. Many clearly thought - this is the charismatic guy, to lead China out of the Communist wilderness, to the land of milk n honey, dem'cy Look what he's ov'seen
Chinese fraud? No way, unheard of
always fake cause its CCP