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424B4
IQIYI, INC. filed this Form 424B4 on 03/29/2018
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Table of Contents

iQIYI, INC.

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)

 

1. ORGANIZATION AND BASIS OF PRESENTATION

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 Group’s principal geographic market is in the People’s 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 Company’s major subsidiaries, VIEs and VIEs’ subsidiaries are as follows:

 

    

Place of

Incorporation

  

Date of

Establishment/Acquisition

  

Effective

interest held

Subsidiaries:

        

Beijing QIYI Century Science & Technology Co., Ltd. (“Beijing QIYI Century”)

   PRC    March 8, 2010    100%

Chongqing QIYI Tianxia Science & Technology Co., Ltd. (“QIYI Tianxia”)

   PRC    November 3, 2010    100%

Qiyi.com HK Limited (“QIYI HK”)

   Hong Kong    April 14, 2011    100%

iQIYI Film Group Limited

   Cayman    May 26, 2017    100%

iQIYI Media Limited

   Cayman    May 26, 2017    100%

iQIYI Film Group HK Limited

   Hong Kong    June 12, 2017    100%

Beijing iQIYI New Media Science & Technology Co., Ltd. (“iQIYI New Media”)

   PRC    July 27, 2017    100%

VIEs:

        

Beijing iQIYI Science & Technology Co., Ltd. (“Beijing iQIYI ”; formerly known as Beijing Xinlian Xinde Advertisement Media Co., Ltd.)

   PRC    Acquired on November 23, 2011    Nil

Shanghai iQIYI Culture Media Co., Ltd. (“Shanghai iQIYI”)

   PRC    December 19, 2012    Nil

Shanghai Zhong Yuan Network Co., Ltd. (“Shanghai Zhong Yuan”)

   PRC    Acquired on May 11, 2013    Nil

iQIYI Pictures (Beijing) Co., Ltd. (“iQIYI Pictures”)

   PRC    December 31, 2014    Nil

Beijing iQIYI Cinema Management Co., Ltd.(“Beijing iQIYI Cinema”)

   PRC    June 28, 2017    Nil

In March 2010, the Company established a wholly-owned PRC subsidiary, Beijing QIYI Century.

 

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