|IQIYI, INC. filed this Form 424B4 on 03/29/2018|
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2015, 2016 AND 2017
(Amounts in thousands of Renminbi (RMB) and U.S. dollars (US$),
except for number of shares (or ADS) and per share (or ADS) data)
Qiyi.com, Inc. (the Company) was incorporated under the laws of the Cayman Islands on November 27, 2009. It was formerly known as Ding Xin, Inc. and changed its name to Qiyi.com, Inc. on August 30, 2010. On November 30, 2017, the Company revised its name from Qiyi.com, Inc. to iQIYI, Inc..
The Company, its wholly-owned subsidiaries, variable interest entities (VIEs) and VIEs subsidiaries are hereinafter collectively referred to as the Group. The Group is an innovative platform in China offering a diverse collection of high-quality internet video content, including professionally-produced content licensed from professional content providers and self-produced content, on its platform. The Group provides membership services, online advertising services, content distribution services, live broadcasting services and online gaming services. The Groups principal geographic market is in the Peoples Republic of China (PRC). The Company does not conduct any substantive operations of its own but conducts its primary business operations through its wholly-owned subsidiaries, VIEs and VIEs subsidiaries in the PRC.
As of December 31, 2017, the Companys major subsidiaries, VIEs and VIEs subsidiaries are as follows:
In March 2010, the Company established a wholly-owned PRC subsidiary, Beijing QIYI Century.