IQIYI firmly denied all short-selling questions, and was gradually accused of falsely increasing the number of users and revenue

IQIYI firmly denied all short-selling questions, and was gradually accused of falsely increasing the number of users and revenue
On April 8, it was bearish for the encounter with Wolfpack Research.IQiyi responded to Sauna.com, “Regarding the comments made by third-party organizations today, the operating data are true and meet the SEC requirements. We firmly deny all false accusations and reserve the right to pursue legal actions.”Because Wolfpack Research was bearish, iQiyi once fell more than 11%, and the decline at 0:30 Beijing time narrowed to 0.6%.Wolfpack Research said that iQIYI had fraudulent activities before it went public in 2018, and that fraud continued after it went public.Through due diligence, iQiyi is expected to increase its revenue by 8 billion to 13 billion in 2019, accounting for 27% to 44% of reported revenue, and the company has increased the number of users by approximately 42% to 60%.In addition, the muddy water of the short agency said it helped Wolfpack Research investigate iQiyi.Wolfpack Research is a global financial research and due diligence company dedicated to protecting investors by ensuring the balance of the financial ecosystem.The Wolfpike Research Company of Syria published a short-selling headline report on December 10, 2019, alleging fraud.Sauna, Ye Wang Bai Jinlei

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