Report accuses Baidu's streaming site iQiyi of fraud "well before its 2018 IPO", says it inflated 2019 revenue by ~$1.13B to $1.98B by overstating user numbers (Patrick Frater/Variety)
Report accuses Baidu's streaming site iQiyi of fraud “well before its 2018 IPO”, says it inflated 2019 revenue by ~$1.13B to $1.98B by overstating user numbers — U.S.-based securities analysis firm and activist investor Wolfpack Research has publicly accused Chinese streaming platform iQIYI of fraud.
via Techmeme
Report accuses Baidu's streaming site iQiyi of fraud "well before its 2018 IPO", says it inflated 2019 revenue by ~$1.13B to $1.98B by overstating user numbers (Patrick Frater/Variety)
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April 08, 2020
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