<s>
iQIYI	B-Application
(	O
)	O
,	O
formerly	O
Qiyi	B-Application
(	O
)	O
,	O
is	O
a	O
Chinese	O
online	O
video	O
platform	O
based	O
in	O
Beijing	O
and	O
Shanghai	B-Device
launched	O
on	O
April	O
22	O
,	O
2010	O
.	O
</s>
<s>
iQIYI	B-Application
is	O
currently	O
one	O
of	O
the	O
largest	O
online	O
video	O
sites	O
in	O
the	O
world	O
,	O
with	O
nearly	O
6	O
billion	O
hours	O
spent	O
on	O
its	O
service	O
each	O
month	O
and	O
over	O
500	O
million	O
monthly	O
active	O
users	O
.	O
</s>
<s>
iQIYI	B-Application
has	O
not	O
been	O
available	O
in	O
Taiwan	O
since	O
October	O
15	O
,	O
2020	O
due	O
to	O
a	O
ban	O
on	O
partnerships	O
with	O
mainland	O
Chinese	O
video	B-Application
streaming	I-Application
companies	O
after	O
iQIYI	B-Application
was	O
found	O
to	O
be	O
used	O
by	O
China	O
's	O
Taiwan	O
Affairs	O
Office	O
for	O
conducting	O
united	O
front	O
activities	O
on	O
the	O
island	O
.	O
</s>
<s>
iQIYI	B-Application
was	O
founded	O
on	O
April	O
22	O
,	O
2010	O
,	O
by	O
Baidu	B-Application
,	O
the	O
company	O
behind	O
China	O
's	O
largest	O
online	O
search	B-Application
engine	I-Application
,	O
with	O
support	O
from	O
Providence	O
Equity	O
Partners	O
.	O
</s>
<s>
It	O
changed	O
its	O
name	O
to	O
iQIYI	B-Application
in	O
November	O
2011	O
.	O
</s>
<s>
On	O
November	O
2	O
,	O
2012	O
,	O
Baidu	B-Application
bought	O
Providence	O
's	O
stake	O
and	O
took	O
100%	O
ownership	O
of	O
the	O
site	O
.	O
</s>
<s>
On	O
May	O
7	O
,	O
2013	O
,	O
Baidu	B-Application
purchased	O
the	O
online	O
video	O
business	O
of	O
PPStream	B-Language
Inc	I-Language
.	I-Language
for	O
$370	O
million	O
,	O
which	O
became	O
a	O
subsidiary	O
of	O
iQIYI	B-Application
much	O
later	O
.	O
</s>
<s>
On	O
17	O
July	O
2014	O
,	O
the	O
site	O
launched	O
its	O
film	O
production	O
division	O
,	O
iQIYI	B-Application
Motion	O
Pictures	O
,	O
to	O
expand	O
existing	O
cooperative	O
projects	O
with	O
overseas	O
peers	O
,	O
including	O
purchasing	O
releases	O
and	O
co-producing	O
movies	O
.	O
</s>
<s>
On	O
September	O
4	O
,	O
iQIYI	B-Application
cooperated	O
with	O
Venice	O
Film	O
Festival	O
,	O
streaming	O
the	O
festival	O
's	O
movies	O
online	O
.	O
</s>
<s>
In	O
August	O
2014	O
,	O
iQIYI	B-Application
generated	O
over	O
6.95	O
billion	O
hours	O
of	O
viewing	O
on	O
its	O
website	O
.	O
</s>
<s>
In	O
October	O
,	O
iQIYI	B-Application
participated	O
in	O
the	O
Busan	O
Film	O
Festival	O
,	O
signing	O
exclusive	O
rights	O
to	O
nearly	O
100	O
South	O
Korean	O
titles	O
.	O
</s>
<s>
On	O
November	O
19	O
,	O
2014	O
,	O
Xiaomi	O
and	O
Shunwei	O
Capital	O
invested	O
$300	O
Million	O
in	O
iQIYI	B-Application
for	O
about	O
10	O
percent	O
to	O
15	O
percent	O
of	O
the	O
site	O
,	O
while	O
Baidu	B-Application
invested	O
an	O
additional	O
$100	O
million	O
and	O
held	O
about	O
80	O
percent	O
.	O
</s>
<s>
In	O
September	O
2014	O
,	O
iQIYI	B-Application
had	O
established	O
a	O
Chinese	O
Communist	O
Party	O
(	O
CCP	O
)	O
committee	O
inside	O
of	O
the	O
company	O
,	O
according	O
to	O
the	O
official	O
newspaper	O
of	O
the	O
Central	O
Committee	O
of	O
the	O
Chinese	O
Communist	O
Party	O
,	O
the	O
People	O
's	O
Daily	O
.	O
</s>
<s>
In	O
November	O
2014	O
,	O
following	O
the	O
National	O
Radio	O
and	O
Television	O
Administration	O
ban	O
of	O
all	O
live-steaming	O
of	O
American	O
TV	O
shows	O
,	O
iQIYI	B-Application
's	O
vice	O
editor-in-chief	O
defended	O
the	O
ban	O
,	O
stating	O
that	O
such	O
content	O
was	O
against	O
"	O
socialist	O
values.	O
"	O
</s>
<s>
On	O
December	O
8	O
,	O
2014	O
,	O
iQIYI	B-Application
's	O
chief	O
content	O
officer	O
Ma	O
Dong	O
said	O
the	O
portal	O
planned	O
to	O
more	O
than	O
double	O
original	O
production	O
in	O
2015	O
,	O
with	O
at	O
least	O
30	O
titles	O
and	O
500	O
episodes	O
on	O
the	O
slate	O
compared	O
to	O
13	O
in	O
2014	O
.	O
</s>
<s>
In	O
2015	O
,	O
iQIYI	B-Application
purchased	O
the	O
streaming	O
rights	O
to	O
eight	O
top	O
entertainment	O
shows	O
in	O
mainland	O
China	O
,	O
and	O
several	O
entertainment	O
shows	O
in	O
Taiwan	O
and	O
South	O
Korea	O
,	O
including	O
Running	O
Man	O
.	O
</s>
<s>
In	O
June	O
2014	O
,	O
iQIYI	B-Application
co-produced	O
and	O
distributed	O
the	O
drama	O
Mysterious	O
Summer	O
with	O
major	O
Japanese	O
broadcaster	O
Fuji	O
TV	O
.	O
</s>
<s>
In	O
2017	O
,	O
the	O
People	O
Daily	O
reported	O
that	O
two	O
thirds	O
of	O
high-level	O
staff	O
in	O
iQIYI	B-Application
's	O
content	O
department	O
were	O
CCP	O
members	O
.	O
</s>
<s>
On	O
April	O
25	O
,	O
2017	O
,	O
Netflix	O
(	O
which	O
does	O
not	O
operate	O
at	O
all	O
in	O
China	O
)	O
announced	O
that	O
it	O
had	O
reached	O
a	O
licensing	O
deal	O
with	O
iQIYI	B-Application
,	O
under	O
which	O
some	O
Netflix	O
original	O
productions	O
would	O
be	O
available	O
on	O
iQIYI	B-Application
day-and-date	O
with	O
their	O
premieres	O
worldwide	O
.	O
</s>
<s>
In	O
November	O
2018	O
,	O
iQIYI	B-Application
announced	O
that	O
it	O
was	O
raising	O
new	O
cash	O
.	O
</s>
<s>
In	O
August	O
2019	O
,	O
iQIYI	B-Application
soft	O
launched	O
the	O
multilingual	O
,	O
globally-available	O
iQIYI	B-Application
app	O
,	O
which	O
provides	O
local	O
languages	O
such	O
as	O
English	O
,	O
Thai	O
,	O
Malay	O
language	O
,	O
Vietnamese	O
,	O
and	O
Indonesian	O
.	O
</s>
<s>
In	O
December	O
2020	O
,	O
iQIYI	B-Application
opened	O
a	O
new	O
office	O
in	O
Singapore	O
at	O
Robinson	O
Road	O
to	O
serve	O
as	O
the	O
regional	O
headquarters	O
for	O
Southeast	O
Asia	O
.	O
</s>
<s>
In	O
2020	O
,	O
iQIYI	B-Application
announced	O
its	O
production	O
of	O
My	O
Roommate	O
Is	O
a	O
Gumiho	O
as	O
its	O
first	O
Korean	O
Original	O
Series	O
.	O
</s>
<s>
Due	O
to	O
positive	O
reviews	O
over	O
their	O
first	O
self-produced	O
series	O
,	O
which	O
starred	O
Jang	O
Ki-yong	O
and	O
Lee	O
Hye-ri	O
(	O
member	O
of	O
Girl	O
's	O
Day	O
)	O
,	O
iQIYI	B-Application
expressed	O
that	O
they	O
gained	O
confidence	O
in	O
releasing	O
more	O
original	O
Korean	O
dramas	O
produced	O
under	O
its	O
name	O
,	O
like	O
their	O
announced	O
upcoming	O
productions	O
of	O
dramas	O
like	O
Bad	O
and	O
Crazy	O
(	O
starring	O
Lee	O
Dong-wook	O
,	O
Han	O
Ji-eun	O
and	O
Wi	O
Ha-joon	O
)	O
in	O
2021	O
,	O
and	O
Shooting	O
Stars	O
in	O
2022	O
,	O
with	O
the	O
hope	O
of	O
expanding	O
their	O
potential	O
in	O
the	O
production	O
of	O
original	O
Korean	O
shows	O
.	O
</s>
<s>
Also	O
,	O
iQIYI	B-Application
began	O
to	O
expand	O
its	O
horizon	O
on	O
producing	O
Southeast	O
Asian	O
shows	O
to	O
stream	O
as	O
iQIYI	B-Application
originals	O
for	O
more	O
viewership	O
.	O
</s>
<s>
In	O
August	O
2021	O
,	O
iQIYI	B-Application
streamed	O
a	O
Singaporean	O
drama	O
series	O
titled	O
The	O
Ferryman	O
:	O
Legends	O
of	O
Nanyang	O
,	O
which	O
will	O
be	O
its	O
first	O
Southeast	O
Asian	O
original	O
series	O
starring	O
local	O
actors	O
from	O
Singapore	O
like	O
Lawrence	O
Wong	O
and	O
Qi	O
Yuwu	O
,	O
and	O
Taiwanese	O
actress	O
Kate	O
Kinney	O
.	O
</s>
<s>
In	O
October	O
2021	O
,	O
iQIYI	B-Application
and	O
THEMA	O
went	O
into	O
a	O
partnership	O
to	O
launch	O
their	O
services	O
on	O
Netgem	O
TV	O
in	O
the	O
United	O
Kingdom	O
and	O
Ireland	O
,	O
with	O
iQIYI	B-Application
hoping	O
to	O
distribute	O
Asian	O
content	O
on	O
European	O
media	O
to	O
create	O
a	O
larger	O
global	O
audience	O
.	O
</s>
<s>
The	O
total	O
subscribers	O
of	O
iQIYI	B-Application
as	O
of	O
October	O
2021	O
has	O
reached	O
106	O
million	O
worldwide	O
from	O
191	O
countries	O
.	O
</s>
<s>
During	O
the	O
26th	O
Busan	O
International	O
Film	O
Festival	O
,	O
iQIYI	B-Application
partnered	O
with	O
Philippine	O
broadcaster	O
ABS-CBN	O
to	O
produce	O
Saying	O
Goodbye	O
and	O
Hello	O
,	O
Heart	O
as	O
the	O
first	O
two	O
Philippine	O
original	O
series	O
which	O
will	O
release	O
later	O
this	O
year	O
.	O
</s>
<s>
In	O
May	O
2022	O
,	O
iQIYI	B-Application
Sports	O
announced	O
a	O
streaming	O
rights	O
request	O
to	O
the	O
Italian	O
football	O
competition	O
Serie	O
A	O
.	O
</s>
<s>
The	O
same	O
month	O
,	O
iQIYI	B-Application
removed	O
all	O
movies	O
of	O
Keanu	O
Reeves	O
after	O
he	O
appeared	O
at	O
a	O
virtual	O
event	O
hosted	O
by	O
Tibet	O
House	O
US	O
due	O
to	O
its	O
linkages	O
with	O
the	O
14th	O
Dalai	O
Lama	O
.	O
</s>
<s>
In	O
2019	O
,	O
Taiwan	O
's	O
Institute	O
for	O
National	O
Defense	O
and	O
Security	O
Research	O
reported	O
that	O
iQIYI	B-Application
is	O
used	O
by	O
China	O
's	O
Taiwan	O
Affairs	O
Office	O
to	O
further	O
united	O
front	O
efforts	O
on	O
the	O
island	O
.	O
</s>
<s>
In	O
April	O
2020	O
,	O
activist	O
investors	O
,	O
including	O
Muddy	O
Waters	O
Research	O
,	O
accused	O
iQIYI	B-Application
of	O
overstating	O
its	O
revenue	O
and	O
subscribers	O
.	O
</s>
<s>
In	O
August	O
2020	O
,	O
it	O
was	O
announced	O
that	O
the	O
U.S.	O
Securities	O
and	O
Exchange	O
Commission	O
subsequently	O
launched	O
an	O
investigation	O
into	O
iQIYI	B-Application
.	O
</s>
<s>
Later	O
in	O
early	O
October	O
2020	O
,	O
iQIYI	B-Application
made	O
a	O
statement	O
that	O
an	O
internal	O
review	O
into	O
the	O
allegations	O
of	O
fraud	O
made	O
by	O
the	O
American	O
short	O
seller	O
Wolfpack	O
Research	O
,	O
“	O
did	O
not	O
uncover	O
any	O
evidence	O
that	O
would	O
substantiate	O
the	O
allegations.	O
”	O
The	O
internal	O
review	O
had	O
been	O
conducted	O
by	O
an	O
independent	O
audit	O
committee	O
,	O
which	O
included	O
"	O
a	O
Big	O
4	O
accounting	O
firm	O
that	O
is	O
not	O
the	O
Company	O
's	O
auditor.	O
"	O
</s>
<s>
iQIYI	B-Application
had	O
charged	O
additional	O
fees	O
for	O
pre-screens	O
of	O
dramas	O
,	O
although	O
paying	O
customers	O
were	O
promised	O
access	O
at	O
no	O
extra	O
charge	O
.	O
</s>
