SEC Comment Letter 0000000000-23-010680 to iQIYI, Inc. (IQ)
iQIYI, Inc.
Date: Sept. 27, 2023 · CIK: 0001722608 · Accession: 0000000000-23-010680
AI Filing Summary & Sentiment
File numbers found in text: 001-38431
Letter
United States securities and exchange commission logo September 27, 2023 Jun Wang Chief Financial Officer iQIYI, Inc. No. 21, North Road of Workers' Stadium Chaoyang District, Beijing 100027 People’s Republic of China Re:iQIYI, Inc. Form 20-F for Fiscal Year Ended December 31, 2022 Response Dated August 25, 2023 File No. 001-38431 Dear Jun Wang: We have reviewed your August 25, 2023 response to our comment letter and have the following comment. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our reference to prior comments is to comments in our July 28, 2023 letter. Response Dated August 25, 2023 Item 3. Key Information, page 3 1.We note your proposed disclosure in response to comment 3 and reissue in part. Please further revise your proposed structure chart and summaries of contractual arrangements to include the variable interest entities iQIYI Pictures and Intelligent Entertainment. In this regard, we note your proposed revised disclosure in response to comment 4 that you conduct your operations in mainland China through "the variable interest entities ..., namely Beijing iQIYI, Shanghai iQIYI, Shanghai Zhong Yuan, iQIYI Pictures and Intelligent Entertainment (emphasis added)."
FirstName LastNameJun Wang Comapany NameiQIYI, Inc. September 27, 2023 Page 2 FirstName LastName Jun Wang iQIYI, Inc. September 27, 2023 Page 2 Please contact Rucha Pandit at (202) 551-6022 or Cara Wirth at (202) 551-7127 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Haiping Li
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United States securities and exchange commission logo
September 27, 2023
Jun Wang
Chief Financial Officer
iQIYI, Inc.
No. 21, North Road of Workers' Stadium
Chaoyang District, Beijing 100027
People’s Republic of China
Re:iQIYI, Inc.
Form 20-F for Fiscal Year Ended December 31, 2022
Response Dated August 25, 2023
File No. 001-38431
Dear Jun Wang:
We have reviewed your August 25, 2023 response to our comment letter and have the
following comment.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional
comments. Unless we note otherwise, our reference to prior comments is to comments in our
July 28, 2023 letter.
Response Dated August 25, 2023
Item 3. Key Information, page 3
1.We note your proposed disclosure in response to comment 3 and reissue in part. Please
further revise your proposed structure chart and summaries of contractual arrangements to
include the variable interest entities iQIYI Pictures and Intelligent Entertainment. In this
regard, we note your proposed revised disclosure in response to comment 4 that you
conduct your operations in mainland China through "the variable interest entities
..., namely Beijing iQIYI, Shanghai iQIYI, Shanghai Zhong Yuan, iQIYI Pictures and
Intelligent Entertainment (emphasis added)."
FirstName LastNameJun Wang
Comapany NameiQIYI, Inc.
September 27, 2023 Page 2
FirstName LastName
Jun Wang
iQIYI, Inc.
September 27, 2023
Page 2
Please contact Rucha Pandit at (202) 551-6022 or Cara Wirth at (202) 551-7127 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Haiping Li