|IQIYI, INC. filed this Form 424B4 on 03/29/2018|
The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information and financial statements appearing elsewhere in this prospectus. In addition to this summary, we urge you to read the entire prospectus carefully, especially the risks of investing in our ADSs discussed under Risk Factors, before deciding whether to buy our ADSs. This prospectus contains information from an industry report commissioned by us and prepared by iResearch, a third-party research firm, in December 2017 (and updated by iResearch in February 2018) to provide information regarding our industry and our market position in China. We refer to this report as the iResearch Report. This prospectus also contains information available from iResearch that was not commissioned by us, which we cite and identify in this prospectus with the language according to iResearch.
We aspire to become a technology-based entertainment giant that brings fun and joy to people and their families.
iQIYI is an innovative market-leading online entertainment service in China.
We are at the forefront of the entertainment industry in China. Our corporate DNA combines creative talent with technology, fostering an environment for the continuous innovation and production of blockbuster content. Our platform features highly popular original content, as well as a comprehensive selection of professionally-produced and partner-generated content. Through our curated premium content, we attract a massive user base with tremendous user engagement, and generate significant monetization opportunities.
We pride ourselves in establishing a track record of producing blockbuster original content. In 2017, our original content accounted for 5 of the top 10 original internet variety shows and 6 of the top 10 original internet drama series in China based on each titles peak monthly active users according to the iResearch Report. The Lost Tomb ( ), one of the first high-budget original internet drama series in China that we released in 2015, generated more than 100 million video views within the first 24 hours of debut and over 4 billion video views in total. For the definition of video views for our iQIYI platform, see Conventions Which Apply to this Prospectus. Since 2015, we have released several award-winning multi-genre original titles, such as The Mystic