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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—continued

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”),

except for number of shares (or ADS) and per share (or ADS) data)

 

In February 2018, the Company entered into a share purchase agreement with Baidu, pursuant to which the Company will issue to Baidu an aggregate of 36,860,691 Class B ordinary shares. The transaction is expected to close no later than May 31, 2018. As consideration for the issuance of such shares and subject to the conditions set forth in the share purchase agreement, Baidu agreed to (i) undertake certain non-compete obligations towards the Company with respect to the online movie ticket and show ticket booking business of Baidu and its affiliates; (ii) direct user traffic related to such ticket business to the Company; (iii) provide the Company with technological support with respect to the Company’s ticket booking business; (iv) license certain domain names and certain intellectual property rights to the Company; and (v) enter into a ticket business cooperation agreement with the Company, which has been signed concurrently.

 

26. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

Condensed Balance Sheets

 

            As of December 31,  
     Note      2016      2017      2017  
            RMB      RMB      US$  

ASSETS

           

Current assets:

           

Cash and cash equivalents

        199,217        95,890        14,738  

Short-term investments

        —          372,747        57,290  

Prepayments and other assets

        —          851        131  

Due from the entities within the Group

        1,346,835        6,083,603        935,033  

Amounts due from related parties

        209,411        —          —    
     

 

 

    

 

 

    

 

 

 

Total current assets

        1,755,463        6,553,091        1,007,192  
     

 

 

    

 

 

    

 

 

 

Non-current assets:

           

Due from the entities within the Group

        —          1,614,857        248,199  

Prepayments and other assets

        —          130,116        19,998  
     

 

 

    

 

 

    

 

 

 

Total non-current assets

        —          1,744,973        268,197  
     

 

 

    

 

 

    

 

 

 

Total assets

        1,755,463        8,298,064        1,275,389  
     

 

 

    

 

 

    

 

 

 

LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT

           

Current liabilities

           

Accrued expenses and other liabilities

        20,969        19,284        2,964  
     

 

 

    

 

 

    

 

 

 

Total liabilities

        20,969        19,284        2,964  
     

 

 

    

 

 

    

 

 

 

Commitments and contingencies

     16           

Mezzanine equity:

           

Series A redeemable convertible preferred shares (par value of US$0.00001 per share; 200,000,000 shares authorized, issued and outstanding as of December 31, 2016 and 2017, respectively)

     23        1,225,153        606,140        93,162  

Series A-1 redeemable convertible preferred shares (par value of US$0.00001 per share; 6,064,174 shares authorized, issued and outstanding as of December 31, 2016 and 2017, respectively)

     23        6,826        6,826        1,049  

 

F-71