iQIYI said it has hired professional advisers to conduct an internal review into some of the main allegations in the Wolfpack Report. Photo: Shutterstock iQIYI said it has hired professional advisers to conduct an internal review into some of the main allegations in the Wolfpack Report. Photo: Shutterstock
iQIYI said it has hired professional advisers to conduct an internal review into some of the main allegations in the Wolfpack Report. Photo: Shutterstock

Shares of Nasdaq-listed iQIYI, dubbed China’s Netflix, plunge as SEC probes alleged inflation of revenues, subscriber numbers

  • The video streaming firm’s shares plunged 18 per cent after hours, as it revealed the US financial regulator has launched a probe into allegations made by a short-seller
  • iQIYI predicts net income in the third quarter will drop as much as 6 per cent year over year

Topic |   Financial regulation
iQIYI said it has hired professional advisers to conduct an internal review into some of the main allegations in the Wolfpack Report. Photo: Shutterstock iQIYI said it has hired professional advisers to conduct an internal review into some of the main allegations in the Wolfpack Report. Photo: Shutterstock
iQIYI said it has hired professional advisers to conduct an internal review into some of the main allegations in the Wolfpack Report. Photo: Shutterstock
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