iQiyi, ‘Netflix of China,’ Allegedly Committed Securities Fraud

Yu Gong, founder and CEO of China-based streaming service iQiyi, stands at the podium before ringing the Opening Bell at Nasdaq MarketSite in Times Square in celebration of its initial public offering in New York City, on March 29, 2018. Spencer Platt/Getty Images

News Analysis

China streaming video leader iQiyi, the “Netflix of China,” is accused by a research firm and a short seller of committing a similar securities fraud exposed at Luckin Coffee, the “Starbucks of China.”