0001564590-21-011590 | 20-F | XBRL Viewer

LOANS PAYABLE

14.	LOANS PAYABLE

Short-term Loans

Short-term loans as of December 31, 2019 and 2020 amounted to RMB2,618,170 and RMB2,965,957 (US$454,553), respectively, which consisted of secured RMB denominated borrowings from financial institutions in the PRC that are repayable within one year. As of December 31, 2019 and 2020, the repayments of primarily all of the short-term loans are guaranteed by subsidiaries within the Group and either collateralized by an office building of one of the Group’s VIEs with a carrying amount of RMB561,515 and RMB548,474 (US$84,057), respectively, or collateralized by restricted cash balances totaling US$138,572 and US$3,550 (equivalent to RMB23,164), respectively, or collateralized by other receivables totaling nil and US$5,414 (equivalent to RMB35,326), respectively. The weighted average interest rate for the outstanding borrowings as of December 31, 2019 and 2020 was 4.05% and 4.30%, respectively. As of December 31, 2019 and 2020, the aggregate amounts of unused lines of credit for short-term loans were RMB1,620,520 and RMB830,054 (US$127,211), respectively.

Structured payable arrangements

In 2020, the Group entered into structured payable arrangements with banks or other financial institutions (“factoring arrangements”). Under the factoring arrangements, the suppliers’ receivables collection process was accelerated through selling its receivables from the Group to the banks or other financial institutions at a discount. The Group was legally obligated to pay the banks or other financial institutions in the amount totaling RMB395,943 (US$60,681), maturing within one year.

As a result of the factoring arrangements, the payment terms of the Group’s original accounts payables were substantially modified and considered extinguished as the nature of the original liability has changed from accounts payables to loan borrowings from banks or other financial institutions. The proceeds from borrowings from banks or other financial institutions is a financing activity and is reported as “Proceeds from short-term loans” on the consolidated statements of cash flows. As of December 31, 2020, the outstanding borrowings from the factoring arrangements were RMB390,317 (US$59,819), which is repayable within one year and are included in “Short-term loans” in the consolidated balance sheets.

Long-term Loans

In 2017, the Group borrowed a secured RMB denominated loan of RMB299,000 with an interest rate of 4.47% for a three-year term from the Bank of China for its general working capital purposes. Pursuant to the agreement, the principal shall be repaid by installments from 2017 to 2020. As of December 31, 2018, 2019 and 2020, the repayment of the loan is guaranteed by a subsidiary of the Group and collateralized by an office building of one of the Group’s VIEs with a carrying amount of RMB561,515 and RMB548,474 (US$84,057), respectively. Principal repayments were made on the loan when they became due and amounted to RMB10,000, RMB10,000 and RMB274,000 (US$41,992) for the years ended December 31, 2018, 2019 and 2020, respectively. The loan was fully repaid as of December 31, 2020.

In 2019, the Group entered into a two-year loan agreement with JPMorgan Chase Bank, N.A., pursuant to which the Group is entitled to borrow a secured RMB denominated loan of RMB800,000 for its general working capital purposes. In 2019, the Group drew down RMB447,949 with an interest rate of 3.55%. Pursuant to the agreement, the principal shall be repaid in installments from 2019 to 2021. As of December 31, 2019 and 2020, the repayment of the loan is collateralized by two-year maturity held-to-maturity debt securities with a stated cost of US$71,000 and US$71,000 (equivalent to RMB463,275), respectively (Note 4). Principal repayments were made on the loan when they became due and amounted to RMB2,954 and RMB34,213 (US$5,243) for the years ended December 31, 2019 and 2020, respectively. The amount repayable within the next twelve months are classified as “Long-term loans, current portion” in the consolidated balance sheets.

Borrowings from third-party investors

Asset-backed debt securities

In December 2018, the Group entered into a series of transactions (“reverse factoring arrangement”) in order to re-finance certain payables due to its suppliers. In the reverse factoring arrangement, the Group’s suppliers sold certain 2018 receivables due

from the Group (the “2018 factored receivables”) amounting to RMB525,279 to the financial institutions at a discount. The 2018 factored receivables were recorded as accounts payables in the Group’s consolidated balance sheets. The 2018 factored receivables were further transferred to a securitization vehicle and used to securitize debt securities issued to third-party investors with a stated interest of 5.0%-5.5% for gross proceeds of RMB446,000. Concurrently, the Group also entered into an agreement with the financial institutions to extend the repayment of the underlying payables to mirror the repayment terms for the asset-back debt securities with maturities in December 2019 and December 2020. Under such arrangement, the payable obligation between the Group and the suppliers was considered settled and the Group was legally obligated to pay the financial institutions thereafter. As the 2018 factored receivables were sold to the financial institutions and used to securitize the debt securities, the factored receivables are viewed as collateral for raising loans through the issuance of 2018 asset-backed debt securities. The borrowings have an effective interest rate of 7.00%.

In November 2019, the Group entered into a similar reverse factoring arrangement whereby the Group's suppliers sold certain 2019 receivables due from the Group (the "2019 factored receivables") amounting to RMB587,000 to the financial institutions at a discount. The 2019 factored receivables were recorded as accounts payables in the Group’s consolidated balance sheets. The 2019 factored receivables were further transferred to a securitization vehicle and used to securitize debt securities issued to third-party investors with a stated interest of 5.1% for gross proceeds of RMB500,000. Concurrently, the Group also entered into an agreement with the financial institutions to extend the repayment of the underlying payables to mirror the repayment terms for the 2019 asset-back debt securities which mature in November 2021. The borrowings have an effective interest rate of 5.97%.

The proceeds raised from issuance of the asset-backed debt securities were used by the financial institutions to factor the supplier invoices. At the same time, the credit terms of the Group’s corresponding trade payables were extended to mirror the maturity of the asset-backed debt securities.

Accounting for asset-backed debt securities

The securitization vehicle was designed by the Group with the sole purpose to acquire receivable balances from the Group’s suppliers in order to securitize the senior asset-backed securities with guaranteed returns sold to third-party investors. The Group has a variable interest in the securitization vehicle through its interest in the subordinated asset-backed securities issued by the securitization vehicle which bear the residual loss. As a result, the Group considers itself the primary beneficiary and consolidates the securitization vehicle given the Group has (i) the power to govern the activities that most significantly impact its economic performance, and (ii) is obligated to absorb losses that could potentially be significant to the securitization vehicle.

As a result of the series of transactions described above, the payment terms of the Group’s original trade payables were substantially modified and considered extinguished as the nature of the original liability has changed from that of a trade payable to loan borrowings from third-party investors. The proceeds from borrowings from third-party investors is a financing activity and reported as “Proceeds from long-term loans and borrowings from third party investors, net of issuance costs” on the consolidated statements of cash flows.

As of December 31, 2019 and 2020, the outstanding borrowings from asset-backed debt securities were RMB898,097 and RMB498,252 (US$76,360). RMB74,992 and RMB371,058 (US$56,867) of 2018 asset-backed debt securities was repaid when it became due in December 2019 and December 2020. RMB29,921 (US$4,586) of 2019 asset-backed debt securities was repaid when it became due in October 2020. RMB498,252 (US$76,360) of asset-backed debt securities will mature in one year and are included in “Long-term loans, current portion” in the consolidated balance sheets.

As of December 31, 2020, aggregate loan principal payments on long-term loans and borrowings from third party investors are due according to the following schedule:

	As of December 31, 2020
	RMB		US$
within 1 year		910,882		139,599
between 1-2 year		-		-
Thereafter		-		-
		910,882		139,599

Convertible Senior Notes

12 Months Ended

Dec. 31, 2020

CONVERTIBLE SENIOR NOTES

15.CONVERTIBLE SENIOR NOTES

2023 Convertible Senior Notes

On December 4, 2018, the Company issued US$750 million convertible senior notes (the “2023 Notes”). The 2023 Notes are senior, unsecured obligations of the Company, and interest is payable semi-annually in cash at a rate of 3.75% per annum on June 1 and December 1 of each year, beginning on June 1, 2019. The 2023 Notes will mature on December 1, 2023 unless redeemed, repurchased or converted prior to such date.

The initial conversion rate of the 2023 Notes is 37.1830 of the Company’s ADS per US$1,000 principal amount of the 2023 Notes (which is equivalent to an initial conversion price of approximately US$26.89 per ADS). Prior to June 1, 2023, the 2023 Notes will be convertible at the option of the holders only upon the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on March 31, 2019, if the last reported sale price of ADSs for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price; (2) during the five business day period after any ten consecutive trading day period in which the trading price per US$1,000 principal amount of notes was less than 98% of the product of the last reported sale price of the ADSs and the conversion rate on each such trading day; (3) if the Company calls the notes for a tax redemption; or (4) upon the occurrence of specified corporate events. Thereafter, the 2023 Notes will be convertible at the option of the holders at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The conversion rate is subject to adjustment in some events but is not adjusted for any accrued and unpaid interest. In addition, following a make-whole fundamental change that occurs prior to the maturity date or following the Company’s delivery of a notice of a tax redemption, the Company will increase the conversion rate for a holder who elects to convert its notes in connection with such a corporate event or such tax redemption. Upon conversion, the Company will pay or deliver to such converting holders, as the case may be, cash, ADSs, or a combination of cash and ADSs, at its election.

The holders may require the Company to repurchase all or a portion of the 2023 Notes for cash on December 1, 2021, or upon a fundamental change, at a repurchase price equal to 100% of the principal amount, plus accrued and unpaid interest.

In connection with the issuance of the 2023 Notes, the Company purchased capped call options (the “2023 Capped Call”) on the Company’s ADS with certain counterparties at a price of US$67.5 million. The counterparties agreed to sell to the Company up to approximately 27.9 million of the Company’s ADSs upon the Company’s exercise of the 2023 Capped Call. The exercise price is equal to the 2023 Notes’ initial conversion price and the cap price is US$38.42 per ADS, subject to certain adjustments under the terms of the capped call transactions. The capped call transactions are expected to reduce potential dilution to existing holders of the ordinary shares and ADSs of the Company upon conversion of the 2023 Notes and/or offset any potential cash payments that the Company is required to make in excess of the principal amount of any converted notes, as the case may be, with such reduction and/or offset subject to a cap.

2025 Convertible Senior Notes

On March 29, 2019, the Company issued US$1,200 million convertible senior notes (the “2025 Notes”). The 2025 Notes are senior, unsecured obligations of the Company, and interest is payable semi-annually in cash at a rate of 2.00% per annum on October 1 and April 1 of each year, beginning on October 1, 2019. The 2025 Notes will mature on April 1, 2025 unless redeemed, repurchased or converted prior to such date.

The initial conversion rate of the 2025 Notes is 33.0003 of the Company’s ADS per US$1,000 principal amount of the 2025 Notes (which is equivalent to an initial conversion price of approximately US$30.30 per ADS). Prior to October 1, 2024, the 2025 Notes will be convertible at the option of the holders only upon the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on June 30, 2019, if the last reported sale price of ADSs for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price; (2) during the five business day period after any ten consecutive trading day period in which the trading price per US$1,000 principal amount of notes was less than 98% of the product of the last reported sale price of the ADSs and the conversion rate on each such trading day; (3) if the Company calls

the notes for a tax redemption; or (4) upon the occurrence of specified corporate events. Thereafter, the 2025 Notes will be convertible at the option of the holders at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The conversion rate is subject to adjustment in some events but is not adjusted for any accrued and unpaid interest. In addition, following a make-whole fundamental change that occurs prior to the maturity date or following the Company’s delivery of a notice of a tax redemption, the Company will increase the conversion rate for a holder who elects to convert its notes in connection with such a corporate event or such tax redemption. Upon conversion, the Company will pay or deliver to such converting holders, as the case may be, cash, ADSs, or a combination of cash and ADSs, at its election.

The holders may require the Company to repurchase all or a portion of the 2025 Notes for cash on April 1, 2023, or upon a fundamental change, at a repurchase price equal to 100% of the principal amount, plus accrued and unpaid interest.

In connection with the issuance of the 2025 Notes, the Company purchased capped call options (the “2025 Capped Call”) on the Company’s ADS with certain counterparties at a price of US$84.5 million. The counterparties agreed to sell to the Company up to approximately 39.6 million of the Company’s ADSs upon the Company’s exercise of the 2025 Capped Call. The exercise price is equal to the 2025 Notes’ initial conversion price and the cap price is US$40.02 per ADS, subject to certain adjustments under the terms of the capped call transactions. The capped call transactions are expected to reduce potential dilution to existing holders of the ordinary shares and ADSs of the Company upon conversion of the 2025 Notes and/or offset any potential cash payments that the Company is required to make in excess of the principal amount of any converted notes, as the case may be, with such reduction and/or offset subject to a cap.

2026 Convertible Senior Notes

On December 21, 2020, the Company issued US$800 million convertible senior notes (the “2026 Notes”). The 2026 Notes are senior, unsecured obligations of the Company, and interest is payable semi-annually in cash at a rate of 4.00% per annum on June 15 and December 15 of each year, beginning on June 15, 2021. The 2026 Notes will mature on December 15, 2026 unless redeemed, repurchased or converted prior to such date. The Company offered an additional US$100 million principal amount of the 2026 Notes simultaneously, pursuant to the underwriters’ option to purchase additional notes (Note 27).

The initial conversion rate of the 2026 Notes is 44.8179 of the Company’s ADS per US$1,000 principal amount of the 2026 Notes (which is equivalent to an initial conversion price of approximately US$22.31 per ADS). Prior to June 15, 2026, the 2026 Notes will be convertible at the option of the holders only upon the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on March 31, 2021, if the last reported sale price of ADSs for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price; (2) during the five business day period after any ten consecutive trading day period in which the trading price per US$1,000 principal amount of notes was less than 98% of the product of the last reported sale price of the ADSs and the conversion rate on each such trading day; (3) if the Company calls the notes for a tax redemption; or (4) upon the occurrence of specified corporate events. Thereafter, the 2026 Notes will be convertible at the option of the holders at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The conversion rate is subject to adjustment in some events but is not adjusted for any accrued and unpaid interest. In addition, following a make-whole fundamental change that occurs prior to the maturity date or following the Company’s delivery of a notice of a tax redemption, the Company will increase the conversion rate for a holder who elects to convert its notes in connection with such a corporate event or such tax redemption. Upon conversion, the Company will pay or deliver to such converting holders, as the case may be, cash, ADSs, or a combination of cash and ADSs, at its election.

The holders may require the Company to repurchase all or a portion of the 2026 Notes for cash on August 1, 2024, or upon a fundamental change, at a repurchase price equal to 100% of the principal amount, plus accrued and unpaid interest.

Accounting for Convertible Senior Notes

As the conversion option may be settled in cash at the Company’s option, the Company separated the 2023 Notes, the 2025 Notes and the 2026 Notes (collectively as the “Notes”) into liability and equity components in accordance with ASC subtopic 470-20, Debt with Conversion and Other Options. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated conversion feature. The carrying amount of the equity component representing the conversion option was determined by deducting the fair value of the liability component from the initial proceeds and recorded as additional paid-in capital. The difference between the principal amount of the 2023 Notes and the liability component is considered debt discount and is amortized at an effective interest rate of 7.04% to accrete the discounted carrying value of the 2023 Notes to its face value on December 1, 2021, the put date of the 2023 Notes. The difference between the principal amount of the 2025 Notes and the liability component is considered debt discount and is amortized at an effective interest rate of 6.01% to accrete the discounted carrying value of the 2025 Notes to its face value on April 1, 2023, the put date of the 2025 Notes. The difference between the principal amount of the 2026 Notes and the liability component is considered debt discount and is amortized at an effective interest rate of 6.94% to accrete the discounted carrying value of the 2026 Notes to its face value on August 1, 2024, the put date of the 2026 Notes.

The cost of the 2023 Capped Call and 2025 Capped Call of US$67.5 million and US$84.5 million were recorded as a reduction of the Company’s additional paid-in capital on the consolidated balance sheets with no subsequent changes in fair value recorded.

The net proceeds from the issuance of the 2023 Notes, the 2025 Notes and the 2026 Notes were US$736.7 million, US$1,179.0 million and US$786.0 million (equivalent to RMB5,150,888), after deducting underwriting discounts and offering expenses of US$13.3 million, US$21.0 million and US$14.0 million (equivalent to RMB91,690) from the initial proceeds of US$750 million, US$1,200 million and US$800 million, respectively. Debt issuance costs were allocated to the liability and equity components based on the same proportion as the recognized amounts of liability and equity components determined above.

The carrying amount of the Notes as of December 31, 2019 and 2020 were as follows:

	As of December 31, 2019		As of December 31, 2020
	RMB		RMB		US$

Liability component:
Principal		13,577,850		17,953,650		2,751,517
Less: unamortized debt discount		1,280,982		1,274,874		195,383
Net carrying amount		12,296,868		16,678,776		2,556,134
Equity component:
Carrying amount		1,349,262		1,744,219		267,313

For the years ended December 31, 2018, 2019 and 2020, the amount of interest cost recognized relating to both the contractual interest coupon and amortization of the discount on the liability component were RMB23.9 million, RMB669.8 million and RMB799.2 million (US$122.5 million), respectively. As of December 31, 2020, the liability component of the 2023 Notes, the 2025 Notes and the 2026 Notes will be accreted up to the principal amount of US$750 million, US$1,200 million and US$800 million over a remaining period of 0.92 years, 2.25 years and 3.59 years, respectively. The amount repayable within the next twelve months are classified as “Convertible senior notes, current portion” on the consolidated balance sheets.

The aggregate scheduled maturities of RMB4,896.5 million (US$750.4 million), RMB7,834.3 million (US$1,200.7 million) and RMB5,222.9 million (US$800.4 million) of the 2023 Notes, the 2025 Notes and the 2026 Notes will be repaid when they become due in 2023, 2025 and 2026, respectively, assuming there is no conversion of the Notes, no redemption of the Notes prior to their maturities and the convertible senior notes bondholders hold the Notes until their maturities and the Company elects to fully settle the Notes in cash.

Income Taxes

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

INCOME TAXES

16.INCOME TAXES

Cayman Islands

Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gains. Additionally, upon payment of dividends by the Company to its shareholders, no Cayman Islands withholding tax will be imposed.

Hong Kong

Under the Hong Kong tax laws, subsidiaries in Hong Kong are subject to the Hong Kong profits tax rate at 16.5% and they may be exempted from income tax on their foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends.

Singapore

Under the Singapore tax laws, subsidiaries in Singapore are subject to a unified 17% tax rate, except for certain entities that are entitled to preferential tax treatments, and there are no withholding taxes in Singapore on remittance of dividends. iQIYI International Singapore Pte, Ltd. was granted a five-year Development and Expansion Incentive (“DEI”) commencing from September 15, 2020, which awards a concessionary tax rate of 10% on qualifying income, subject to certain terms and conditions imposed. An entity could re-apply for DEI upon the expiry of prior one, subject to the terms and conditions and amendments thereof.

China

Effective from January 1, 2008, the PRC’s statutory Enterprise Income Tax (“EIT”) rate is 25%. In accordance with the implementation rules of EIT Law, a qualified “High and New Technology Enterprise” (“HNTE”) is eligible for a preferential tax rate of 15% with HNTE certificate effective for a period of three years and a “Software Enterprise” (“SE”) is entitled to a two-year income tax exemption starting from the first profit making year, followed by a reduction of half the applicable tax rate for the subsequent three years. An entity must file required supporting documents with the tax authority and ensure fulfillment of the relevant HNTE criteria before using the preferential rate. An entity could re-apply for the HNTE certificate when the prior certificate expires. The SE is subject to relevant governmental authorities’ annual assessment based on self-assessment supporting documents filed with the tax authorities each year.

Certain PRC subsidiaries and VIEs, including Beijing QIYI Century, Shanghai Zhong Yuan and Beijing iQIYI are qualified HNTEs and enjoy a reduced tax rate of 15% for the years presented, which will expire in 2021 or 2022. Chengdu Skymoons Interactive Network Game Co., Ltd, qualified as a SE, is entitled to an exemption from the enterprise income tax for two years beginning from 2017, and a reduced tax rate of 12.5% for the subsequent three years. The qualification as a “SE” is subject to annual evaluation by the relevant authorities in China.

The other PRC subsidiaries and consolidated VIEs and VIE’s subsidiaries are subject to the 25% EIT rate.

According to the current EIT Law and its implementation rules, foreign enterprises, which have no establishment or place in China but derive dividends, interest, rents, royalties and other income (including capital gains) from sources in China or which has an establishment or place in China but the aforementioned incomes are not connected with the establishment or place shall be subject to PRC withholding tax (“WHT”) at 10% (a further reduced WHT rate may be available according to the applicable double tax treaty or arrangement provided that the foreign enterprise is the tax resident of the jurisdiction where it is located and it is the beneficial owner of the dividends, interest and royalties income).

The Group’s loss before income taxes consists of:

	For the year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Non-PRC		(670,529	)		(1,243,926	)		(1,130,036	)		(173,186	)
PRC		(8,311,901	)		(8,980,961	)		(5,853,841	)		(897,139	)
		(8,982,430	)		(10,224,887	)		(6,983,877	)		(1,070,325	)

Income tax expense for the years ended December 31, 2018, 2019 and 2020 consists of:

	For the year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Current income tax expense		123,887			129,164			65,255			10,001
Deferred income tax benefit		(45,086	)		(77,312	)		(41,979	)		(6,434	)
		78,801			51,852			23,276			3,567

The reconciliation of total tax expense computed by applying the respective statutory income tax rate to pre-tax loss is as follows:

	For the year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Income tax benefit at PRC statutory rate		(2,245,608	)		(2,556,222	)		(1,745,969	)		(267,581	)
Effect of differing tax rates in different jurisdictions		172,111			293,976			291,884			44,733
Non-deductible expenses		380,327			436,312			516,236			79,117
Research and development super-deduction		(40,466	)		(66,026	)		(159,919	)		(24,509	)
Effect of PRC preferential tax rates and tax holiday		709,165			707,518			243,964			37,389
Other adjustments		(51,451	)		104,484			57,018			8,738
Change in valuation allowance		1,154,723			1,131,810			820,062			125,680
Income tax expense		78,801			51,852			23,276			3,567

The tax effects of temporary differences that give rise to the deferred tax balances at December 31, 2019 and 2020 are as follows:

	As of December 31,
	2019			2020			2020
	RMB			RMB			US$
Deferred tax assets:
Accrued expenses and others		83,324			117,387			17,990
Bad debt provision		32,654			104,458			16,009
Net operating losses carried forward		801,430			1,078,698			165,318
Recorded cost relating to capitalized assets		2,943,758			3,363,003			515,403
Fixed assets depreciation		17,967			18,651			2,858
Valuation allowance		(3,751,855	)		(4,571,917	)		(700,677	)
Deferred tax assets, net		127,278			110,280			16,901
Deferred tax liabilities:
Long-lived assets arising from acquisitions		122,498			63,521			9,735

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Classification in the consolidated balance sheets:
Deferred tax assets, net		34,916		51,347		7,869
Deferred tax liabilities		30,136		4,588		703

Valuation allowances have been provided on the net deferred tax assets where, based on all available evidence, it was considered more likely than not that some portion or all of the recorded deferred tax assets will not be realized in future periods.

Realization of the net deferred tax assets is dependent on factors including future reversals of existing taxable temporary differences and adequate future taxable income, exclusive of reversing deductible temporary differences and tax loss or credit carry forwards. The Group evaluates the potential realization of deferred tax assets on an entity-by-entity basis. As of December 31, 2019 and 2020, valuation allowances were provided against deferred tax assets in entities where it was determined it was more likely than not that the benefits of the deferred tax assets will not be realized.

As of December 31, 2019 and 2020, the Group had tax losses of RMB4,641,219 and RMB6,529,485 (US$1,000,687) deriving from entities in the PRC, Hong Kong and Singapore. The tax losses in the PRC can be carried forward for five years to offset future taxable income and the period was extended to ten years for entities qualified as HNTE in 2020 and thereafter. The tax losses in Hong Kong and Singapore can be carried forward without an expiration date.

The Group did not record any dividend withholding tax, as there were no taxable outside basis differences noted as of the end of the periods presented.

The Group evaluated its income tax uncertainty under ASC 740. ASC 740 clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the consolidated financial statements. The Group elects to classify interest and penalties related to an uncertain tax position, if and when required, as part of income tax expense in the consolidated statements of comprehensive loss. As of the years ended December 31, 2018, 2019 and 2020, there was no significant impact from tax uncertainties on the Group’s financial position and result of operations. The Group did not record any interest and penalties related to an uncertain tax position for each of the years ended December 31, 2018, 2019 and 2020. The Group does not expect the amount of unrecognized tax benefits would increase significantly in the next 12 months. In general, the PRC tax authorities have up to five years to conduct examinations of the tax filings of the Group’s PRC subsidiaries. Accordingly, the PRC subsidiaries’ tax filings from 2015 through 2020 remain open to examination by the respective tax authorities. The Group may also be subject to the examinations of the tax filings in other jurisdictions, which are not material to the consolidated financial statements.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Compensation And Retirement Disclosure [Abstract]

Employee Defined Contribution Plan

12 Months Ended

Dec. 31, 2020

EMPLOYEE DEFINED CONTRIBUTION PLAN

17.	EMPLOYEE DEFINED CONTRIBUTION PLAN

Full-time employees of the Company’s subsidiaries, VIEs and VIE’s subsidiaries in the PRC participate in a government mandated defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require that the subsidiaries, VIEs and VIE’s subsidiaries of the Company make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The Group has no legal obligation for the benefits beyond the contributions made. The total amount for such employee benefits which are expensed as incurred were RMB544,965, RMB660,414 and RMB490,245 (US$75,133) for the years ended December 31, 2018, 2019 and 2020, respectively.

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

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Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

12 Months Ended

Dec. 31, 2020

COMMITMENTS AND CONTINGENCIES

18.	COMMITMENTS AND CONTINGENCIES

Commitments for property management fees

Future minimum payments under non-cancelable agreements for property management fees consist of the following as of December 31, 2020:

	RMB		US$
2021		24,174		3,705
2022		25,277		3,874
2023		19,100		2,927
2024		6,050		927
2025 and thereafter		35,758		5,480
		110,359		16,913

Commitments for Licensed Copyrights and Produced Content

Future minimum payments under non-cancelable agreements for licensed copyrights and produced content consist of the following as of December 31, 2020:

	RMB		US$
2021		10,480,422		1,606,195
2022		6,239,361		956,224
2023		3,420,784		524,258
2024		1,285,650		197,034
2025 and thereafter		344,714		52,830
		21,770,931		3,336,541

Capital commitment

As of December 31, 2020, commitments for the purchase of fixed assets are immaterial.

Litigation, claims and assessments

The Group is involved in a number of claims pending in various courts, in arbitration, or otherwise unresolved as of December 31, 2020. These claims are substantially related to alleged copyright infringement as well as routine and incidental matters to its business, among others. Adverse results in these claims may include awards of damages and may also result in, or even compel, a change in the Group’s business practices, which could impact the Group’s future financial results. The Group has accrued RMB43,571 and RMB32,704 (US$5,012) in “Accrued expenses” in the consolidated balance sheet as of December 31, 2019 and 2020. The Group recognized losses of RMB16,259, RMB37,461 and RMB4,489 (US$668) for the years ended December 31, 2018, 2019 and 2020.

Starting in April 2020, the Group and certain of its current and former officers and directors were named as defendants in putative securities class actions filed in federal court. All of these cases were purportedly brought on behalf of a class of persons who allegedly suffered damages as a result of alleged misstatements and omissions in the Group’s public disclosure documents. As the cases remain in their preliminary stages, the likelihood of any unfavorable outcome or the amount or range of any potential loss cannot be reasonably estimated at the issuance date of the consolidated financial statements. As a result, as of December 31, 2020, the Group did not record any liabilities for the loss contingencies pertaining to the cases described above.

The Group is unable to estimate the reasonably possible loss or a range of reasonably possible losses for proceedings in the early stages or where there is a lack of clear or consistent interpretation of laws specific to the industry-specific complaints among different jurisdictions. Although the results of unsettled litigations and claims cannot be predicted with certainty, the Group does not believe that, as of December 31, 2020, there was at least a reasonable possibility that the Group may have incurred a material loss, or a material loss in excess of the accrued expenses, with respect to such loss contingencies. The losses accrued include judgments made by the court and out-of-court settlements after December 31, 2020, but related to cases arising on or before December 31, 2020. The Group is in the process of appealing certain judgments for which losses have been accrued.

Redeemable Noncontrolling Interests

12 Months Ended

Dec. 31, 2020

Temporary Equity Disclosure [Abstract]

REDEEMABLE NONCONTROLLING INTERESTS

19.	REDEEMABLE NONCONTROLLING INTERESTS

In October 2019, one of the Group’s VIE’s subsidiary completed a round of preferred shares financing with RMB100,000 from third-party preferred shareholders. As the preferred shares could be redeemed by such shareholders upon the occurrence of certain events that are not solely within the control of the Group, these preferred shares are accounted for as redeemable noncontrolling interests.

The Group accounts for the changes in accretion to the redemption value in accordance with ASC topic 480, Distinguishing Liabilities from Equity. The Group elects to use the effective interest method to account for the changes of redemption value over the period from the date of issuance to the earliest redemption date of the noncontrolling interests.

The movement in the carrying value of the redeemable noncontrolling interests is as follows:

	2019		2020		2020
	RMB		RMB		US$
Balance as of January 1		—		101,542		15,562
Issuance of subsidiary shares		100,000		—		—
Accretion of redeemable noncontrolling interests		1,542		7,087		1,086
Balance as of December 31		101,542		108,629		16,648

Ordinary Shares

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

ORDINARY SHARES

20.	ORDINARY SHARES

On February 2, 2018, the Company issued 7,500,251 ordinary shares to Cannes Ventures Limited pursuant to the exercise of certain options.

Upon completion of the Company’s IPO on April 3, 2018, 1,231,841,032 Class A ordinary shares and 2,496,982,468 Class B ordinary shares were issued upon conversion of all redeemable convertible preferred shares. In addition, immediately following the closing of the IPO, the Memorandum and Articles of Association were amended and restated such that the authorized share capital of the Company was reclassified and redesignated into 100,000,000,000 shares comprising of (i) 94,000,000,000 Class A ordinary shares; (ii) 5,000,000,000 Class B ordinary shares; and (iii)1,000,000,000 reserved shares at par value of US$0.00001 per share. The rights of the holders of Class A and Class B ordinary shares are identical, except with respect to voting and conversion rights. Each share of Class A ordinary shares is entitled to one vote per share and is not convertible into Class B ordinary shares under any circumstances. Each share of Class B ordinary shares is entitled to ten votes per share and is convertible into one Class A ordinary share at any time by the holder thereof. Upon any transfer of Class B ordinary shares by the holder thereof to any person or entity that is not an affiliate of such holder, such Class B ordinary shares would be automatically converted into an equal number of Class A ordinary shares.

Upon completion of the Company’s IPO, 875,000,000 Class A ordinary shares (125,000,000 ADS equivalent) were issued on April 3, 2018, and 67,525,675 Class A ordinary shares (9,646,525 ADS equivalent) were issued on April 30, 2018 pursuant to the underwriters’ partial exercise of their option to purchase additional ADSs.

On April 12, 2018, the Company issued 36,860,691 Class B ordinary shares pursuant to a share purchase agreement with Baidu to acquire certain intangible assets relating to an online movie ticket and show ticket booking business.

On September 24, 2018, 399,083,573 Class A ordinary shares were issued to the Company’s depositary bank for bulk issuance of ADSs reserved for future issuances upon the exercise or vesting of awards under the 2010 Equity Incentive Plan and the 2017 Incentive Plan. As of December 31, 2020, 275,829,374 Class A ordinary shares are deemed issued but not outstanding as they have not been transferred to grantees.

On August 19, 2019 and August 14, 2020, 11,888,853 and 10,917,811 restricted Class A ordinary shares were issued to certain key employees in relation to the acquisition of Skymoons (Note 3). As of December 31, 2020, 14,880,762 restricted Class A ordinary shares are issued but not outstanding as they are still contingent on the continued employment of grantees.

Upon completion of the follow-on offering, 280,000,000 Class A ordinary shares (40,000,000 ADS equivalent) were issued on December 21, 2020, and 32,163,292 Class A ordinary shares (4,594,756 ADS equivalent) were issued on January 8, 2021 pursuant to the underwriters’ partial exercise of their option to purchase additional ADSs (Note 27).

As of December 31, 2020, there were 2,609,809,545 and 2,876,391,396 Class A and Class B ordinary shares outstanding. As of December 31, 2019 and 2020, there were no preferred shares issued and outstanding.

Profit Appropriation and Restricted Net Assets

12 Months Ended

Dec. 31, 2020

Profit Appropriation And Restricted Net Assets [Abstract]

PROFIT APPROPRIATION AND RESTRICTED NET ASSETS

21.	PROFIT APPROPRIATION AND RESTRICTED NET ASSETS

The Company’s subsidiaries, VIEs and the VIEs’ subsidiaries in China are required to make appropriations to certain non-distributable reserve funds. In accordance with the laws applicable to China’s WFOE, its subsidiaries have to make appropriations from its after-tax profit (as determined under Generally Accepted Accounting Principles in the PRC (“PRC GAAP”) to non-distributable reserve funds including (i) general reserve fund, (ii) enterprise expansion fund, and (iii) staff bonus and welfare fund. General reserve fund is at least 10% of the after-tax profits calculated in accordance with the PRC GAAP.

Appropriation is not required if the reserve fund has reached 50% of the registered capital of the respective company. The appropriation of the other two reserve funds is at the Company’s discretion. At the same time, the Company’s VIEs, in accordance with the China Company Laws, must make appropriations from its after-tax profit (as determined under the PRC GAAP) to non-distributable reserve funds including (i) statutory surplus fund, and (ii) discretionary surplus fund. Statutory surplus fund is at least 10% of the after-tax profits calculated in accordance with PRC GAAP.

General reserve fund and statutory surplus fund are restricted for set off against losses, expansion of production and operation or increase in register capital of the respective company. These reserves are not transferable to the Company in the form of cash dividends, loans or advances. These reserves are therefore not available for distribution except in liquidation.

As of December 31, 2019 and 2020, the Company's PRC subsidiaries, VIEs and VIEs’ subsidiaries had appropriated RMB 23,073 and RMB31,494 (US$4,827), respectively, in its statutory reserves.

Under the PRC laws and regulations, the subsidiaries, VIEs and the VIEs’ subsidiaries incorporated in the PRC are restricted in their ability to transfer a portion of their net assets to the Group either in the form of dividends, loans or advances of the combined and consolidated net assets as of December 31, 2020. Even though the Group currently does not require any such dividends, loans or advances from the PRC subsidiaries, VIEs and VIEs’ subsidiaries for working capital and other funding purposes, the Company may in the future require additional cash resources from its PRC subsidiaries, VIEs and VIEs’ subsidiaries due to changes in business conditions, to fund future acquisitions and development, or merely declare and pay dividends to or distribution to its shareholders. Amounts of net assets restricted include paid-in capital of the Company’s PRC subsidiaries and the net assets of the VIEs and VIEs’ subsidiaries in which the Company has no legal ownership, totaling RMB19,339,513 (US$2,963,910) as of December 31, 2020.

Loss Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

LOSS PER SHARE

22.	LOSS PER SHARE

Basic loss per share is computed using the weighted average number of the ordinary shares outstanding during the period. Diluted loss per share is computed using the weighted average number of ordinary shares and potential ordinary shares outstanding during the period under the treasury stock method. Upon completion of the Company’s IPO on April 3, 2018, all redeemable convertible preferred shares were converted into 1,231,841,032 Class A ordinary shares and 2,496,982,468 Class B ordinary shares. The effect of convertible senior notes, share options and restricted share units were excluded from the computation of diluted net loss per share for the years ended December 31, 2018, 2019 and 2020, as its effect would be anti-dilutive.

Basic and diluted loss per Class A and Class B ordinary share for the years ended December 31, 2018, 2019 and 2020 are calculated as follows:

	Year ended December 31,
	2018						2019						2020						2020
	Class A			Class B			Class A			Class B			Class A						Class B
	RMB			RMB			RMB			RMB			RMB			US$			RMB			US$
Numerator:
Net loss attributable to iQIYI, Inc.		(3,841,616	)		(5,268,160	)		(4,506,557	)		(5,816,772	)		(3,127,160	)		(479,257	)		(3,911,201	)		(599,418	)
Accretion of redeemable noncontrolling interests		—			—			(673	)		(869	)		(3,149	)		(482	)		(3,938	)		(604	)
Accretion of redeemable convertible preferred shares		(126,085	)		(172,905	)		—			—			—			—			—			—
Net loss attributable to iQIYI, Inc.'s ordinary shareholders		(3,967,701	)		(5,441,065	)		(4,507,230	)		(5,817,641	)		(3,130,309	)		(479,739	)		(3,915,139	)		(600,022	)

Denominator:
Weighted average number of ordinary shares outstanding, basic		1,631,116,600			2,236,815,186			2,228,491,004			2,876,391,396			2,299,788,661			2,299,788,661			2,876,391,396			2,876,391,396
Weighted average number of ordinary shares outstanding, diluted		1,631,116,600			2,236,815,186			2,228,491,004			2,876,391,396			2,299,788,661			2,299,788,661			2,876,391,396			2,876,391,396

Net loss per share, basic		(2.43	)		(2.43	)		(2.02	)		(2.02	)		(1.36	)		(0.21	)		(1.36	)		(0.21	)
Net loss per share, diluted		(2.43	)		(2.43	)		(2.02	)		(2.02	)		(1.36	)		(0.21	)		(1.36	)		(0.21	)

Share-Based Compensation

12 Months Ended

Dec. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

SHARE-BASED COMPENSATION

23.	SHARE-BASED COMPENSATION

2010 Equity Incentive Plan

On October 18, 2010, the Company adopted its 2010 Equity Incentive Plan (the “2010 Plan”), which permits the grant of restricted shares, options and share appreciation rights to the employees, directors, officers and consultants of the Company. Under the plan, a total of 58,875,478 ordinary shares were initially reserved for issuance and subsequently increased to 589,729,714 ordinary shares. The 2010 Plan is valid and effective for an original term of ten years, and further extended to twenty years on September 15, 2020 commencing from its adoption. Except for service conditions, there were no other vesting conditions for all the awards under the 2010 Plan. Any unvested portion of the options will be forfeited upon the termination of the grantee’s service for any reason. In the event the grantee’s service is terminated for cause other than death or permanent disability, the vested portion of the options will be expired upon 90 days following such termination.

The Company has granted share options under the 2010 Plan to its employees and directors. Options granted to employees and directors vest over a four-year period, with 25% of the awards vesting on the first anniversary, and the remaining 75% of the awards vesting on a quarterly basis thereafter.

The following table sets forth the summary of option activity under the Company’s 2010 Plan:

	Options Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
				(US$)		(In years)		(US$ in thousands)
Outstanding, December 31, 2019		406,912,618			0.48
Granted		88,611,584			0.51
Forfeited/Expired		(12,111,374	)		0.51
Exercised		(62,714,554	)		0.44
Outstanding, December 31, 2020		420,698,274			0.49		7.42		846,289
Vested and expected to vest as of December 31, 2020		401,055,919			0.48		7.34		807,293
Exercisable as of December 31, 2020		245,054,484			0.47		6.58		497,590

As of December 31, 2020, the unrecognized compensation cost, adjusted for estimated forfeitures, related to non-vested share options granted to the Group’s employees and directors was RMB2,205,351 (US$337,985). Total unrecognized compensation cost is expected to be recognized over a weighted-average period of 2.68 years and may be adjusted for future changes in estimated forfeitures.

The weighted average grant date fair value of the share options granted during the years ended December 31, 2018, 2019 and 2020 were US$2.19, US$2.83 and US$2.37, respectively. The total fair value of options vested during the years ended December 31, 2018, 2019 and 2020 were RMB267,599, RMB832,594 and RMB1,222,571 (US$187,367), respectively. Total intrinsic value of options exercised for the years ended December 31, 2018, 2019 and 2020 were 282,212, RMB1,055,675 and RMB888,668 (US$136,194).

The Company uses the binomial tree option pricing model to estimate the fair value of share options with the assistance of an independent third-party valuation firm. The assumptions used to value the share options granted to employees and non-employees were as follows:

Year Ended December 31,

2018

2019

2020

Fair value of ordinary shares (US$)

2.57~3.84

2.27~3.88

2.60~3.42

Risk-free interest rate (%)

2.86~3.08

1.64~2.76

0.60~0.78

Expected volatility (%)

41.3~42.1

39.6~51.0

48.2~50.4

Expected dividend yield

—

Expected exercise multiple

2.3

2.2~2.8

Prior to the Company’s IPO, the estimated fair value of the Company’s ordinary shares at their respective grant dates, was determined with the assistance of an independent third-party valuation firm. Upon the completion of IPO, the estimated fair value of the Company’s ordinary shares was based on the Company’s share price. The risk-free interest rate for periods within the contractual life of the options is based on the U.S. treasury yield curve in effect at the time of grant for a term consistent with the contractual term of the awards. Expected volatility was estimated based on the historical volatility ordinary shares of several comparable companies in the same industry until the Company determined it had adequate historical volatility of its share price during 2019. The dividend yield is estimated based on our expected dividend policy over the expected term of the options. The expected exercise multiple is based on management’s estimation, which the Company believes is representative of the future.

2017 Share Incentive Plan

On November 30, 2017, the Company adopted its 2017 Share Incentive Plan (the “2017 Plan”). Under the 2017 Plan, the Company is authorized to grant options, restricted shares and restricted share units to members of the board, employees, consultants and other individuals for which the maximum aggregate number of ordinary shares which may be issued pursuant to all awards is 720,000 ordinary shares. The 2017 Plan is valid and effective for a term of ten years commencing from its adoption. Except for service conditions, there are no other vesting conditions for all the awards issued under the 2017 Plan. Any unvested portion of the options will be forfeited either (i) upon the termination of the grantee’s service for any reason; or (ii) upon the grantee’s scope of service no longer being involved in the business of the Company. In the event the grantee’s service is terminated for cause or takes place prior to an IPO other than death or permanent disability, the vested portion of the options will also be forfeited upon such termination.

In December 2017, the Company granted 720,000 restricted share units under the 2017 Plan to non-employees. All restricted shares vest over a four-year period, with 25% of the awards vesting on an annual basis.

The following table sets forth the summary of RSU activity under the Company’s 2017 Plan:

	Number of shares
Restricted Shares
Unvested, December 31, 2019		165,000
Vested		(44,000	)
Forfeited		(77,000	)
Unvested, December 31, 2020		44,000

The total fair value of the restricted shares vested during the years ended December 31, 2018, 2019 and 2020 was 455, RMB175, and RMB611 (US$94), respectively. The weighted average grant date fair value of the restricted share units granted during the years ended December 31, 2018, 2019 and 2020 were nil. As of December 31, 2020, there was RMB581 (US$89) unrecognized share-based compensation cost related to restricted shares, which will be recognized over a weighted-average vesting period of 0.96 years.

The following table sets forth the amount of share-based compensation expense included in each of the relevant financial statement line items:

	Year ended December 31,
	2018		2019		2020		2020
	RMB		RMB		RMB		US$
Cost of revenues		83,351		171,053		201,970		30,953
Selling, general and administrative		368,598		675,278		851,416		130,485
Research and development		104,262		238,189		316,709		48,538
		556,211		1,084,520		1,370,095		209,976

Related Party Transactions

12 Months Ended

Dec. 31, 2020

RELATED PARTY TRANSACTIONS

24.	RELATED PARTY TRANSACTIONS

a)	The table below sets forth the major related parties and their relationships with the Group:

Name of related parties

Relationship with the Group

Baidu and its subsidiaries (“Baidu Group”)

Others

Controlling shareholder of the Company

Equity investees (Note 5)

b)	The Group had the following related party transactions with the major related parties:

	For the year ended December 31,
	2018		2019		2020		2020
	RMB		RMB		RMB		US$
Membership services
Membership services revenue earned from memberships sold to Baidu Group		19,855		20,886		19,799		3,034
Membership services revenue earned from memberships sold by Others		126		6,361		5,772		885
Online advertising revenues
Advertising services provided to Baidu Group		189,461		67,452		113,934		17,461
Advertising services provided to Others		13,347		9,674		92,690		14,205
Content distribution revenues
Content licensed to Others (iii)		88,457		443,503		176,227		27,008
Other revenues
Other services provided to Baidu Group		29,296		12,343		15,430		2,365
Others		—		36,534		38,634		5,921
Interest income
Loans due from Others		2,202		4,856		1,247		191
		342,744		601,609		463,733		71,070
Cost of revenues
License fees to Baidu Group		8,923		23,064		13,691		2,098
Bandwidth fees to Baidu Group		601,065		976,523		1,007,461		154,400
Traffic acquisition and other services provided by Baidu Group (i)		126,644		479,497		—		—
Others (ii)		52,484		86,766		90,577		13,882
Selling, general and administrative
Advertising services provided by Baidu Group		10,844		1,825		2,466		378
Others		822		3,756		2,579		395
Research and development
Cloud services provided by Baidu Group		5,114		19,486		7,412		1,136
		805,896		1,590,917		1,124,186		172,289

(i)

On April 12, 2018, the Company issued to Baidu an aggregate of 36,860,691 Class B ordinary shares pursuant to a share purchase agreement with Baidu entered into in February 2018, in exchange for Baidu providing traffic acquisition and other services in relation with ticket booking service, which was recorded as intangible assets.

(ii)

The transactions mainly represent revenue sharing arrangements with various equity investees. The Group entered into a revenue sharing arrangement in 2018 to become the exclusive sales agent for an equity investee and provided a minimum guarantee of RMB100,000 of annual sales for a one year period. RMB32,642, RMB67,358 and nil were recognized as cost of revenues for the years ended December 31, 2018, 2019 and 2020, respectively.

(iii)

The transactions mainly represent revenues derived from content distributed to Investee A and Investee B.

For the years ended December 31, 2018, 2019 and 2020, the Group purchased content from equity investees in an amount of RMB182,897, RMB909,450 and RMB1,455,933 (US$223,132), respectively.

c)	The Group had the following related party balances with the major related parties:

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Amounts due from related parties, current:
Due from Baidu Group (i)		35,560		38,346		5,877
Loans receivable from Others (ii)		105,934		—		—
Due from Others (iii)		70,499		57,765		8,853
		211,993		96,111		14,730
Amounts due from related parties, non-current:
Due from Others (iv)		172,200		39,400		6,038
		172,200		39,400		6,038

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Amounts due to related parties, current:
Loans due to Baidu Group (v)		50,000		50,000		7,663
Due to Baidu Group (vi)		1,014,283		1,035,659		158,722
Deferred revenue in relation to services to be provided to an equity investee (vii)		169,677		164,810		25,258
Due to Others (viii)		370,298		528,314		80,967
		1,604,258		1,778,783		272,610
Amounts due to related parties, non-current:
Loans due to Baidu Group (v)		650,000		650,000		99,617
Due to Baidu Group (vi)		1,570		2,138		328
Deferred revenue in relation to services to be provided to an equity investee (vii)		410,187		325,227		49,843
Due to Others		126		42		6
		1,061,883		977,407		149,794

(i)	The balance mainly represents amounts due from Baidu Group for advertising, membership and other services.

(ii)	The balance as of December 31, 2019 represents loans provided to a Group’s equity investee with an interest rate of 5%, which was fully repaid during 2020.

(iii) The balance mainly represents amounts due from or advances made to equity investees for content distribution services and other services.

(iv)	The balance represents prepaid licensed copyrights for the Group’s equity investees.

(v)	The total outstanding balance represents an interest-free loan of RMB50,000, which is due on demand and an interest-free loan of RMB650,000 provided by Baidu in January 2018 that will mature in January 2023.

(vi)	The balance mainly represents amounts owed to Baidu for bandwidth and cloud services provided to the Group.

(vii)

The balance represents deferred revenue in relation to content distribution, licenses of intellectual property and traffic support services to be provided to investee A.

(viii)

The balance mainly represents amounts owed to the Group’s equity investees for licensed copyrights and advances made for online advertising services.

Fair Value Measurements

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

25.	FAIR VALUE MEASUREMENTS

The following table sets forth the financial instruments measured or disclosed at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2019 and 2020 and non-recurring fair value measurements as of December 31, 2019 and 2020:

	Fair Value Measurements
	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gain/ (Losses)
	RMB		RMB		RMB		RMB			US$
Recurring
As of December 31, 2019:
Cash equivalents
Time deposits				3,646,041
Money market fund		894,899
Short-term investments
Available-for-sale debt securities				890,459
Held-to-maturity debt securities				3,688,854
Long-term investments
Available-for-sale debt security						10,259
Held-to-maturity debt securities				490,799
Prepayment and other assets
Option to purchase equity interests of a listed company						14
Convertible senior notes				14,142,006

As of December 31, 2020:
Cash equivalents
Time deposits				2,520,868
Money market fund		197,973
Short-term investments
Available-for-sale debt securities				1,253,514
Held-to-maturity debt securities				2,104,660
Long-term investments
Equity investments at fair value with readily determinable fair value		39,750
Convertible senior notes, current portion				4,966,667
Convertible senior notes, non-current portion				12,077,775

Non-recurring
As of December 31, 2019:
Long-term investments						—		(169,374	)
Intangible assets, net						72,302		(99,096	)
Equity investments without readily determinable fair value						44,198		7,024

For the year ended December 31, 2020:
Mainland China film group-Licensed copyrights as of March 31, 2020						7,186,037		(390,299	)		(59,816	)
Mainland China film group-Produced content as of March 31, 2020						4,124,114		(209,701	)		(32,138	)
Produced content monetized on its own as of December 31, 2020						40,152		(205,462	)		(31,488	)
Long-term investments as of June 30, 2020					—			(73,199	)		(11,218	)
Intangible assets, net as of September 30, 2020					—			(15,391	)		(2,359	)
Equity investments without readily determinable fair value as of September 30, 2020						102,251		38,100			5,839
Fixed assets, net as of September 30, 2020					—			(95,111	)		(14,576	)
Prepayments and other assets as of September 30, 2020						110,000		(48,423	)		(7,421	)

Recurring

The fair value of time deposits is determined based on the prevailing interest rates in the market. Due to maturities of less than one year, the carrying values of short-term investments approximate their fair values. The Group estimated the fair value of long-term held-to-maturity debt securities using the income approach, based on quoted market interest rates of similar instruments (Level 2) and presents the fair value for disclosure purposes only.

The Company carries the convertible senior notes at face value less unamortized debt discount and issuance costs on its consolidated balance sheets, and presents the fair value for disclosure purposes only. The fair value of the convertible senior notes are classified as Level 2 fair value measurements based on dealer quotes. For further information on the convertible senior notes see Note 15.

Non-recurring

The outbreak of coronavirus (COVID-19) during the first quarter of 2020 has negatively impacted the Group’s operations and financial performance and resulted in a downward adjustment to forecasted advertising revenues for the Mainland China film group. As a result, the Group performed an assessment to determine whether the fair value of the Mainland China film group was less than its unamortized film costs as of March 31, 2020 with the assistance of a third-party valuation firm. The Group uses a discounted cash flow approach to estimate the fair value. The Group estimated the most likely future cash flows based on historical results, economic useful lives or license periods and perception of future performance. The Group has incorporated those cash outflows necessary to generate the cash inflows, including future production, operation, exploitation and administrative costs, which were estimated at 32%-37% of revenue in aggregate. The discount rate was determined to be the weighted average cost of capital of the Mainland China film group at 15%. As of March 31, 2020, the fair value of the Mainland China film group was less than its corresponding carrying value and resulted in the Group recognizing an impairment charge of RMB390,299 (US$59,816) related to licensed copyrights (Note 8) and RMB209,701 (US$32,138) related to produced content (Note 10), respectively. The impairment charge was recognized as cost of revenues in the consolidated statement of comprehensive loss for the year ended December 31, 2020. The fair value information presented is not as of the period’s end, and is sensitive to changes in the unobservable inputs used to determine fair value and such changes could result in the fair value at the reporting date to be different from the fair value presented.

In addition, due to adverse changes in the expected performance of certain produced content and the reduced amount of ultimate revenue expected to be recognized, the Group performed an assessment to determine whether the fair value was less than unamortized content costs. The Group uses a discounted cash flow approach to estimate the fair value of the produced content titles predominantly monetized on its own. The significant unobservable inputs (level 3) include forecasted future revenues, productions costs required to complete the content and exploitation and participation costs. The Group considers historical performance of similar content, the forecasted performance and/or preliminary actual performance subsequent to release of the produced content in estimating the fair value. An impairment charge of RMB205,462 (US$31,488) was recognized for produced content predominantly monetized on its own and was recognized as cost of revenues in the consolidated statement of comprehensive loss for the year ended December 31, 2020.

The Group measures certain financial assets, including equity method investments at fair value on a non-recurring basis only if an impairment charge were to be recognized. For equity investments accounted for under the measurement alternative, the equity investment is measured at fair value on a nonrecurring basis when there is an orderly transaction for identical or similar investments of the same issuer. The fair values of these investments were categorized as Level 3 in the fair value hierarchy. The fair values of the Group's privately held investments as disclosed are determined based on the observable transaction price of recent rounds of financing and a price adjustment for the different rights and obligations between a similar instrument of the same issuer with an observable price change in an orderly transaction and the investment held by the Group. The Group's long-term investments were determined to be impaired as of March 31, 2020 and June 30, 2020, respectively, and the impairment charges were recognized in the consolidated statement of comprehensive loss for the year ended December 31, 2020.

The Group uses an income approach to determine the fair value of mobile games in development with the assistance of an independent third-party valuation firm (Note 9). Judgments involved in determining the fair value of mobile games in development includes forecasts of future cash flows, which are based on the Group’s best estimate of expected revenues and operating costs and expenses, working capital levels, as well as the risk-adjusted discount rate determined based on comparable companies operating in similar businesses and adjusted for an appropriate risk premium for the related asset (Level 3).

In the third quarter of 2020, the Group received a unilateral vacancy notice from a third-party lessor for one of its leased film production premises. The Group considered such notice as an impairment indicator for relevant long-lived assets associated with the leased property, including its related construction in process and leasehold improvements. Therefore, the Group performed an impairment assessment of the relevant long-lived assets based on estimates of the future cash flows that can be recovered from the lessor (Level 3). An impairment charge of RMB143,534 (US$21,998) was recognized as “Selling, general and administrative” in the consolidated statements of comprehensive loss for the year ended December 31, 2020.

Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

26.	ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in accumulated other comprehensive income by component, net of tax, were as follows:

	Foreign currency translation adjustment			Unrealized gain on available-for-sale debt securities			Total
	RMB			RMB			RMB
Balance at December 31, 2017		91,618			1,508			93,126
Other comprehensive income before reclassification		1,787,553			58,335			1,845,888
Amounts reclassified from accumulated other comprehensive income		—			(59,024	)		(59,024	)
Net current-period other comprehensive income/(loss)		1,787,553			(689	)		1,786,864
Other comprehensive income attributable to noncontrolling interests		—			(44	)		(44	)
Balance at December 31, 2018		1,879,171			775			1,879,946
Other comprehensive income before reclassification		228,974			9,338			238,312
Amounts reclassified from accumulated other comprehensive income		—			(9,635	)		(9,635	)
Net current-period other comprehensive income/(loss)		228,974			(297	)		228,677
Other comprehensive (income)/loss attributable to noncontrolling interests and redeemable noncontrolling interests		(1,926	)		21			(1,905	)
Balance at December 31, 2019		2,106,219			499			2,106,718
Other comprehensive income before reclassification		433,497			14,071			447,568
Amounts reclassified from accumulated other comprehensive income		—			(14,169	)		(14,169	)
Net current-period other comprehensive income/(loss)		433,497			(98	)		433,399
Other comprehensive loss/(income) attributable to noncontrolling interests and redeemable noncontrolling interests		2,571			(8	)		2,563
Balance at December 31, 2020		2,542,287			393			2,542,680
Balance at December 31, 2020 in US$		389,623			60			389,683

The amounts reclassified out of accumulated other comprehensive income represent realized gains on the available-for-sale debt securities upon their maturity. The amounts reclassified were determined on the basis of specific identification.

Losses on intracompany foreign currency transactions that are of a long-term-investment nature in the amount of nil, nil and RMB1,232,683 (US$188,917) are included in the foreign currency translation adjustment for the years ended December 31, 2018, 2019 and 2020, respectively.

The following table sets forth the tax benefit/(expense) allocated to each component of other comprehensive income for the years ended December 31, 2018, 2019 and 2020:

	For the year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Unrealized gains on available-for-sale debt securities
Other comprehensive income before reclassification		(1,499	)		(1,672	)		(2,601	)		(399	)
Amounts reclassified from accumulated other comprehensive income		1,405			1,727			2,611			400
Net current-period other comprehensive (income)/loss		(94	)		55			10			1

Subsequent Events

12 Months Ended

Dec. 31, 2020

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

27.	SUBSEQUENT EVENTS

In connection with the issuance of the 2026 Notes on December 21, 2020, an additional US$100,000 principal amount was issued on January 8, 2021 pursuant to the underwriters’ exercise of their option to purchase additional notes. The net proceeds received by the Company for this issuance of 2026 Notes was US$98,250 (equivalent to RMB641,081).

In connection with the follow-on offering on December 21, 2020, 32,163,292 Class A ordinary shares (4,594,756 ADS equivalent) were issued on January 8, 2021 pursuant to the underwriters’ partial exercise of their option to purchase additional ADSs. The net proceeds received by the Company for this issuance of additional Class A ordinary shares was US$78,197 (equivalent to RMB510,235).

Condensed Financial Information of the Parent Company

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

28.	CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

Condensed Balance Sheets

	As of December 31,
	Note		2019			2020			2020
			RMB			RMB			US$
ASSETS
Current assets:
Cash and cash equivalents				2,774,681			5,101,693			781,869
Short-term investments				1,237,730			263,005			40,307
Prepayments and other assets				16,849			9,313			1,427
Amounts due from entities within the Group				17,967,978			20,666,711			3,167,312

Total current assets				21,997,238			26,040,722			3,990,915

Total non-current assets				—			—			—

Total assets				21,997,238			26,040,722			3,990,915

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Convertible senior notes				—			4,752,061			728,285
Accrued expenses and other liabilities				99,823			89,905			13,779

Total current liabilities				99,823			4,841,966			742,064

Non-current liabilities
Convertible senior notes		15		12,296,868			11,926,715			1,827,849
Other non-current liabilities				29,533			15,383			2,357

Total non-current liabilities				12,326,401			11,942,098			1,830,206

Total liabilities				12,426,224			16,784,064			2,572,270

Commitments and contingencies		18
Shareholders’ equity:
Class A ordinary shares (US$0.00001 par value; 94,000,000,000 shares authorized as of December 31, 2019 and 2020, respectively; 2,603,890,438 and 2,900,519,681 shares issued as of December 31, 2019 and 2020, respectively; 2,259,125,125 and 2,609,809,545 shares outstanding as of December 31, 2019 and 2020, respectively)		20		142			165			25
Class B ordinary shares (US$0.00001 par value; 5,000,000,000 and 5,000,000,000 shares authorized as of December 31, 2019 and 2020, respectively; 2,876,391,396 and 2,876,391,396 shares issued and outstanding as of December 31, 2019 and 2020, respectively)		20		183			183			28
Additional paid-in capital				41,298,328			47,687,483			7,308,427
Accumulated deficit		21		(33,834,357	)		(40,973,853	)		(6,279,518	)
Accumulated other comprehensive income		26		2,106,718			2,542,680			389,683

Total shareholders’ equity				9,571,014			9,256,658			1,418,645

Total liabilities and shareholders’ equity				21,997,238			26,040,722			3,990,915

Condensed Statements of Comprehensive Loss

	Year ended December 31,
		2018			2019			2020			2020
		RMB			RMB			RMB			US$
Operating costs and expenses:
Selling, general and administrative			(48,253	)		(14,946	)		(36,408	)		(5,580	)

Operating loss
Share of losses of subsidiaries, VIEs and VIEs’ subsidiaries			(8,573,048	)		(9,593,221	)		(7,320,787	)		(1,121,960	)
Interest income			260,360			133,930			24,343			3,731
Interest expenses			(25,550	)		(603,449	)		(642,718	)		(98,501	)
Foreign exchange (loss)/gain, net			(694,907	)		(118,439	)		913,974			140,073
Other (expense)/income, net			(28,378	)		(127,204	)		23,235			3,562

Net loss			(9,109,776	)		(10,323,329	)		(7,038,361	)		(1,078,675	)

Accretion of redeemable convertible preferred shares			(298,990	)		—			—			—
Accretion of redeemable noncontrolling interests			—			(1,542	)		(7,087	)		(1,086	)

Net loss attributable to ordinary shareholders			(9,408,766	)		(10,324,871	)		(7,045,448	)		(1,079,761	)

Other comprehensive income
Foreign currency translation adjustments			1,787,553			227,048			436,068			66,830
Unrealized losses on available-for-sale debt securities			(733	)		(276	)		(106	)		(16	)

Total other comprehensive income, net of tax			1,786,820			226,772			435,962			66,814

Comprehensive loss			(7,322,956	)		(10,096,557	)		(6,602,399	)		(1,011,861	)

Condensed Statements of Cash Flows

	Year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Net cash provided by/(used for) operating activities		87,322			(122,370	)		(836,700	)		(128,230	)
Net cash used for investing activities		(17,575,740	)		(7,268,873	)		(6,634,576	)		(1,016,793	)
Net cash provided by financing activities		19,703,701			7,489,321			9,804,491			1,502,604
Effect of exchange rate changes on cash, cash equivalents and restricted cash		269,735			95,695			(6,203	)		(950	)

Net increase in cash, cash equivalents and restricted cash		2,485,018			193,773			2,327,012			356,631
Cash, cash equivalents and restricted cash at the beginning of the year		95,890			2,580,908			2,774,681			425,238
Cash, cash equivalents and restricted cash at the end of the year		2,580,908			2,774,681			5,101,693			781,869

Basis of presentation

For the presentation of the parent company only condensed financial information, the Company records its investments in subsidiaries and VIEs under the equity method of accounting as prescribed in ASC 323. The subsidiaries, VIEs and VIEs’ subsidiaries losses are reported as “Share of losses of subsidiaries, VIEs and VIEs’ subsidiaries” on the condensed statements of comprehensive loss. Under the equity method of accounting, the Company’s carrying amount of its investment in subsidiaries for its share of the subsidiaries, VIEs and VIEs’ subsidiaries cumulative losses was reduced to nil as of December 31, 2019 and 2020, respectively and the carrying amount of “Amounts due from entities within the Group” was further adjusted and the Company committed to provide financial support to its VIEs as disclosed in Note 1.

The subsidiaries did not pay any dividends to the Company for the periods presented.

The Company does not have significant commitments or long-term obligations as of the period end other than those presented.

The parent company only financial statements should be read in conjunction with the Company’s consolidated financial statements.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2020

Principles of consolidation

Use of estimates

Comparative Information

Convenience Translation

Convenience translation

Foreign currency translation and transactions

Cash and cash equivalents

Restricted Cash

Short-term investments

All highly liquid investments with maturities of greater than three months, but less than twelve months, are classified as short-term investments.

Adoption of ASU 2016-13

Accounts receivable, net

Receivables from Online Payment Agencies, net

Fixed assets, net

Fixed assets are stated at cost and are depreciated using the straight-line method over the shorter of the estimated useful lives of the assets or the term of the related lease, as follows:



Computer equipment		3 to 5 years
Office furniture and equipment		3 to 5 years
Leasehold improvements		over the shorter of lease terms or estimated useful lives of the assets
Office building		43 years
Others		5 years

Business Combinations

Long-term investments

Adoption of ASU 2019-02

•the content distinction for capitalization of production costs of an episodic television series and production costs of films is removed;

•entities shall assess estimates of the use of a film in a film group and account for such changes prospectively;

•cash outflows for the costs incurred to obtain rights for both produced and licensed content are required to be reported as operating cash outflows in the statement of cash flows.

Cash paid for content, which includes both licensed copyrights and produced content, is RMB17,009,167 (US$2,606,769) for the year ended December 31, 2020.

Produced content, net

Licensed copyrights, net

Change in Accounting Estimates of Licensed Copyrights and Produced Content

Change in accounting estimates of licensed copyrights and produced content

Impairment of Licensed Copyrights and Produced Content

Impairment of licensed copyrights and produced content

Partner-generated content (“PGC”)

Goodwill and intangible assets

Goodwill

Intangible assets

Intangible assets have estimated economic lives as follows:



Traffic acquisition agreement		1-2 years
Intellectual property rights		1-10 years
Online literature		1-10 years
Trademarks		10-22 years
User list		5 years
Domain names		10-22 years
Published mobile games		2-4 years
Technology		5 years
Others		2 to 20 years

Mobile games in development with an indefinite useful life are those that have not achieved technological feasibility as of the acquisition date and have no alternative future use.

Impairment of Long-Lived Assets Other Than Goodwill

Revenue recognition

The Group’s revenue recognition policies are set forth as follows:

Membership services

Online advertising services

Content distribution

Others

Other revenues mainly include revenues from live broadcasting and online games.

Live broadcasting

Online games

Contract balances

Practical Expedients and Exemptions

Cost of Revenues

Cost of revenues consists primarily of content costs, bandwidth costs and others.

Advertising expenses

Research and development expenses

Government subsidies

Share-based compensation

The Company accounts for share-based compensation in accordance with ASC topic 718, Compensation-Stock Compensation (“ASC 718”).

The Company, with the assistance of an independent third-party valuation firm, determined the fair value of share-based awards granted to employees and non-employees, if applicable.

Fair Value Measurements

Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets

Level 2—Include other inputs that are directly or indirectly observable in the marketplace

Level 3—Unobservable inputs which are supported by little or no market activity

Commitments and contingencies

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed.

Concentration of risks

Concentration of credit risks

Business and economic risks

Currency convertibility risk

Foreign currency exchange rate risk

Segment reporting

Comprehensive loss

Impact of COVID-19

Recent accounting pronouncements

iQIYI, INC

Basis of Presentation

Basis of presentation

The subsidiaries did not pay any dividends to the Company for the periods presented.

The Company does not have significant commitments or long-term obligations as of the period end other than those presented.

The parent company only financial statements should be read in conjunction with the Company’s consolidated financial statements.

Organization and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of Major Subsidiaries, VIEs and VIEs' Subsidiaries

As of December 31, 2020, 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	%
iQIYI HK Limited (“QIYI HK”, formerly known as Qiyi.com HK Limited)	Hong Kong	April 14, 2011		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	%
Skymoons Inc.	Cayman	Acquired on July 17, 2018		100	%
Special (Hong Kong) Co., Ltd.	Hong Kong	Acquired on July 17, 2018		80	%
Shanghai iQIYI Network & Technology Co., Ltd.	PRC	September 6, 2018		100	%
Beijing iQIYI Interactive Technology Co., Ltd.	PRC	January 31, 2019		100	%
iQIYI International Singapore Pte, Ltd.	Singapore	February 11, 2020		100	%

VIEs and VIEs’ subsidiaries:
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 Intelligent Entertainment Technology Co., Ltd. (“Intelligent Entertainment”, formerly known as Beijing iQIYI Cinema Management Co., Ltd.)	PRC	June 28, 2017	Nil
Chengdu Skymoons Interactive Network Game Co., Ltd. (“Skymoons Interactive”)	PRC	Acquired on July 17, 2018	Nil

Schedule of VIEs and VIEs' Subsidiaries Included in Consolidated Balance Sheets and Statements of Comprehensive Loss

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
ASSETS
Current assets:
Cash and cash equivalents		882,743		855,749		131,149
Short-term investments		169,565		825,352		126,491
Accounts receivable, net		2,839,945		2,928,385		448,795
Licensed copyrights, net		716,008		764,904		117,227
Prepayments and other assets		3,202,489		2,968,839		454,994
Total current assets		7,810,750		8,343,229		1,278,656
Non-current assets:
Fixed assets, net		856,116		726,986		111,415
Long-term investments		2,130,467		2,217,776		339,889
Licensed copyrights, net		1,640,582		992,549		152,115
Produced content, net		4,355,221		6,129,754		939,426
Operating lease assets		649,273		755,309		115,756
Goodwill		2,412,989		2,412,989		369,807
Others		1,552,160		1,078,362		165,266
Total non-current assets		13,596,808		14,313,725		2,193,674
Total assets		21,407,558		22,656,954		3,472,330
LIABILITIES
Third-party liabilities
Current liabilities:
Accounts payable		4,193,022		3,718,306		569,855
Customer advances and deferred revenue		2,982,011		3,407,352		522,200
Short-term loans		624,000		1,100,694		168,689
Long-term loans, current portion (i)		732,213		937,782		143,721
Operating lease liabilities, current portion		95,905		101,866		15,612
Accrued expenses and other liabilities		3,466,314		2,861,963		438,615
Total current liabilities		12,093,465		12,127,963		1,858,692
Non-current liabilities:
Long-term loans (i)		937,782		—		—
Operating lease liabilities		364,853		637,381		97,683
Other non-current liabilities		630,195		511,314		78,362
Total non-current liabilities		1,932,830		1,148,695		176,045
Amounts due to the Company and its subsidiaries		13,583,317		16,558,843		2,537,754
Total liabilities		27,609,612		29,835,501		4,572,491

	For the year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Total revenues		22,982,783			26,887,129			27,412,800			4,201,195
Net loss		(2,749,657	)		(3,341,662	)		(1,360,562	)		(208,515	)
Net cash provided by operating activities		4,548,220			2,494,045			980,975			150,341
Net cash used for investing activities		(6,671,588	)		(3,409,845	)		(625,675	)		(95,889	)
Net cash provided by/(used for) financing activities		2,202,196			1,180,387			(380,298	)		(58,283	)

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

Summary of Estimated Useful Lives of Fixed Assets or Term of Related Lease

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Fixed assets are stated at cost and are depreciated using the straight-line method over the shorter of the estimated useful lives of the assets or the term of the related lease, as follows:



Computer equipment		3 to 5 years
Office furniture and equipment		3 to 5 years
Leasehold improvements		over the shorter of lease terms or estimated useful lives of the assets
Office building		43 years
Others		5 years

Summary of Estimated Economic Lives of Intangible Assets

Intangible assets have estimated economic lives as follows:



Traffic acquisition agreement		1-2 years
Intellectual property rights		1-10 years
Online literature		1-10 years
Trademarks		10-22 years
User list		5 years
Domain names		10-22 years
Published mobile games		2-4 years
Technology		5 years
Others		2 to 20 years

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2020

Skymoons

Summary of Estimated Aggregate Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated aggregate fair values of assets acquired and liabilities assumed as of the acquisition date:

	RMB			Useful lives (Years)
Published mobile games		366,000			2
Mobile games in development (i)		240,000		indefinite lived
Technology		101,000			5
Others		27,023		2 to 10
Intangible assets		734,023
Cash and cash equivalents		189,313
Other current assets		403,387
Other non-current assets		30,162
Fixed assets		2,574
Long-term investments		49,043
Goodwill		588,857
Current liabilities		(466,793	)
Long-term loans		(87,794	)
Deferred tax liabilities		(137,811	)
Noncontrolling interests		(62,047	)
Total consideration		1,242,914

(i)

Long-term Investments (Tables)

12 Months Ended

Dec. 31, 2020

Schedule Of Investments [Abstract]

Schedule of Equity Investments without Readily Determinable Fair Value

As of December 31, 2019 and 2020, the carrying amount of the Company’s equity investments without readily determinable fair value were as follows:

	As of December 31,
	2019			2020			2020
	RMB			RMB			US$
Initial cost basis		1,797,421			2,654,055			406,752
Cumulative unrealized gains		196,663			235,258			36,055
Cumulative unrealized losses (including impairment)		(181,274	)		(247,468	)		(37,926	)

Total carrying amount		1,812,810			2,641,845			404,881

Total realized and unrealized gains and losses for equity securities without readily determinable fair values for the years ended December 31, 2018, 2019 and 2020 are as follows:

	For the year ended December 31,
	2018		2019		2020			2020
	RMB		RMB		RMB			US$
Gross unrealized gains (upward adjustments)		189,639		7,024		38,595			5,915
Gross unrealized losses (downward adjustments excluding impairment)		—		—		(495	)		(76	)

Net unrealized gains on equity securities held		189,639		7,024		38,100			5,839
Net realized gains on equity securities sold		—		—		—			—

Total net gains recognized in other income, net		189,639		7,024		38,100			5,839

Accounts Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Schedule of Accounts Receivable, Net

	As of December 31,
	2019			2020			2020
	RMB			RMB			US$
Accounts receivable		3,772,323			3,704,732			567,775
Allowance for credit losses		(144,574	)		(360,299	)		(55,218	)
Accounts receivable, net		3,627,749			3,344,433			512,557

Schedule of Movement of Allowance for Credit Losses

The following table presents movement of the allowance for credit losses:

	As of December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Balance at the beginning of the year		24,686			94,856			144,574			22,157
Cumulative effect of adopting ASU 2016-13		—			—			72,366			11,091
Provisions		85,745			72,259			202,108			30,974
Write-offs		(15,575	)		(22,541	)		(58,749	)		(9,004	)
Balance at the end of the year		94,856			144,574			360,299			55,218

Prepayments and Other Assets (Tables)

12 Months Ended

Dec. 31, 2020

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Components of Current and Non-Current Portions of Prepayment and Other Assets

The current and non-current portions of prepayments and other assets consist of the following:

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Current portion:
Contract assets (i)		1,875,704		1,509,586		231,354
VAT prepayments		507,135		805,360		123,427
Prepaid licensed copyrights		311,144		378,025		57,935
Receivables from online payment agencies		386,795		304,353		46,644
Advances to suppliers		207,204		213,686		32,749
Prepaid expenses		82,657		58,150		8,912
Deposits and prepaid rental fees		133,692		57,829		8,863
Others (ii)		214,897		188,866		28,944
		3,719,228		3,515,855		538,828

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Non-current portion:
Prepaid licensed copyrights		3,006,109		2,036,411		312,094
Licensed copyrights prepaid assets (iii)		325,504		474,073		72,655
Deposits and prepaid rental fees		22,269		154,627		23,698
Others		154,594		34,312		5,258
		3,508,476		2,699,423		413,705

(i)

(ii)

(iii)

Licensed Copyrights, Net (Tables) - Licensed Copyrights

12 Months Ended

Dec. 31, 2020

Finite Lived License Agreements [Line Items]

Schedule of Licensed Copyrights, Net

	As of December 31, 2019
	Gross carrying value		Accumulated amortization			Impairment amount			Net carrying value
	RMB		RMB			RMB			RMB
Licensed copyrights
—Broadcasting rights		32,038,423		(24,500,895	)		(25,317	)		7,512,211
—Sublicensing rights		4,632,586		(4,632,586	)		—			—
		36,671,009		(29,133,481	)		(25,317	)		7,512,211
Less: current portion
—Broadcasting rights		11,752,412		(10,502,214	)		(25,317	)		1,224,881
—Sublicensing rights		4,632,586		(4,632,586	)		—			—
		16,384,998		(15,134,800	)		(25,317	)		1,224,881
Licensed copyrights—non-current
—Broadcasting rights		20,286,011		(13,998,681	)		—			6,287,330
—Sublicensing rights		—		—			—			—
		20,286,011		(13,998,681	)		—			6,287,330

	As of December 31, 2020
	Gross carrying value		Accumulated amortization			Impairment amount			Net carrying value
	RMB		RMB			RMB			RMB		US$
Licensed copyrights
—Broadcasting rights		37,511,847		(29,687,867	)		(353,586	)		7,470,394		1,144,888
—Sublicensing rights		5,962,743		(5,962,743	)		—			—		—
		43,474,590		(35,650,610	)		(353,586	)		7,470,394		1,144,888
Less: current portion
—Broadcasting rights		8,661,499		(7,591,792	)		(34,368	)		1,035,339		158,673
—Sublicensing rights		5,962,743		(5,962,743	)		—			—		—
		14,624,242		(13,554,535	)		(34,368	)		1,035,339		158,673
Licensed copyrights—non-current
—Broadcasting rights		28,850,348		(22,096,075	)		(319,218	)		6,435,055		986,215
—Sublicensing rights		—		—			—			—		—
		28,850,348		(22,096,075	)		(319,218	)		6,435,055		986,215

Summary of Estimated Amortization Expense Relating to Licensed Copyrights

Estimated amortization expense relating to the existing licensed copyrights for each of the next three years is as follows:

	RMB		US$
Within 1 year		3,681,159		564,162
Between 1 and 2 years		1,351,417		207,114
Between 2 and 3 years		804,217		123,252

Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Intangible Assets

Intangible assets	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Finite-lived intangible assets		741,658		612,414		93,857
Indefinite-lived intangible assets		72,302		14,784		2,265
Total		813,960		627,198		96,122

Finite-Lived Intangible Assets

Summary of Finite-Lived Intangible Assets

Finite-lived intangible assets

	As of December 31, 2019
	Gross carrying value		Accumulated amortization and impairment			Net carrying value
	RMB		RMB			RMB
Intellectual property rights (i)		479,276		(190,086	)		289,190
Traffic acquisition agreement (ii)		546,150		(546,150	)		—
Published mobile games (iii)		457,753		(316,671	)		141,082
Trademarks (ii)		204,563		(143,620	)		60,943
User list		3,396		(849	)		2,547
Online literature		162,610		(40,014	)		122,596
Domain names		140,631		(99,145	)		41,486
Technology (iii)		101,730		(29,650	)		72,080
Others (ii)		31,739		(20,005	)		11,734
		2,127,848		(1,386,190	)		741,658

	As of December 31, 2020
	Gross carrying value		Accumulated amortization and impairment			Net carrying value		Net carrying value
	RMB		RMB			RMB		US$
Intellectual property rights (i)		473,360		(190,057	)		283,303		43,418
Traffic acquisition agreement (ii)		546,150		(546,150	)		—		—
Published mobile games (iii)		499,880		(462,852	)		37,028		5,675
Trademarks (ii)		165,281		(110,854	)		54,427		8,341
Online literature		151,168		(53,645	)		97,523		14,946
Domain names		186,650		(108,671	)		77,979		11,951
Technology (iii)		101,730		(49,996	)		51,734		7,929
Others (ii)		31,738		(21,318	)		10,420		1,597
		2,155,957		(1,543,543	)		612,414		93,857

(i)	Intellectual property rights include various rights the Company acquires either individually or in a bundle to broadcast, operate, publish, translate, distribute and/or adapt various forms of media, including but not limited to online games, literature and films.

(ii)

(iii)

Summary of Estimated Amortization Expense Relating to Existing Intangible Assets

Estimated amortization expense relating to the existing intangible assets for each of the next five years is as follows:

	RMB		US$
Within 1 year		150,419		23,053
Between 1 and 2 years		131,667		20,179
Between 2 and 3 years		88,014		13,489
Between 3 and 4 years		66,654		10,215
Between 4 and 5 years		60,401		9,257

Produced Content, Net (Tables)

12 Months Ended

Dec. 31, 2020

Film Costs [Abstract]

Components of Produced Content, Net

	As of December 31,
	2019
	RMB
Released, less amortization		891,574
In production		3,074,946
In development		388,701
		4,355,221

	As of December 31,
	2020		2020
	RMB		US$
Released, less amortization and impairment
— Predominantly monetized with other contents		1,857,095		284,612
— Predominantly monetized on its own		78,023		11,958
		1,935,118		296,570
In production, less impairment
— Predominantly monetized with other contents		3,741,973		573,482
— Predominantly monetized on its own		82,088		12,581
		3,824,061		586,063
In development, less impairment
— Predominantly monetized with other contents		666,087		102,082
— Predominantly monetized on its own		130,818		20,049
		796,905		122,131
		6,556,084		1,004,764

Estimated Amortization Expense Relating to Existing Produced Content

Estimated amortization expense relating to the existing produced content for each of the next three years is as follows:

	RMB		US$
Within 1 year		826,792		126,711
Between 1 and 2 years		296,293		45,409
Between 2 and 3 years		197,041		30,198

Fixed Assets. Net (Tables)

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Components of Fixed Assets

Fixed assets consist of the following:

	As of December 31,
	2019			2020			2020
	RMB			RMB			US$
Computer equipment		2,436,926			2,343,061			359,090
Office building		588,685			588,685			90,220
Leasehold improvements		129,010			141,065			21,619
Office furniture and equipment		132,693			135,759			20,806
Others		18,891			19,757			3,028
		3,306,205			3,228,327			494,763
Less: Accumulated depreciation		(1,632,225	)		(1,860,149	)		(285,080	)
Construction in progress		80,387			25,289			3,875
		1,754,367			1,393,467			213,558

Leases (Tables)

12 Months Ended

Dec. 31, 2020

Lessee Disclosure [Abstract]

Schedule of Finance Lease

	As of December 31,
	2019			2020			2020
	RMB			RMB			US$
Finance lease
Computer equipment		20,334			40,882			6,265
Accumulated depreciation		(1,212	)		(11,434	)		(1,752	)
Computer equipment, net		19,122			29,448			4,513
Finance lease liabilities, current portion		6,684			17,767			2,723
Finance lease liabilities		10,348			11,513			1,764
Total finance lease liabilities		17,032			29,280			4,487

Summary of Components of Lease Cost

The components of lease cost were as follows:

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Operating lease costs⁽ⁱ⁾		183,578		173,815		26,638
Finance lease costs
Amortization of ROU assets		579		25,010		3,833
Interest on lease liabilities		—		4,251		651
Total finance lease costs		579		29,261		4,484

(i)	Excluding cost of short-term contracts. Short-term lease costs for the years ended December 31, 2019 and 2020 were RMB357 million and RMB451 million (US$69 million).

Summary of Cash Paid for Amounts Included in Measurement of Lease Liabilities

Cash paid for amounts included in the measurement of lease liabilities:

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Operating cash payments for operating leases		208,560		208,493		31,953
Operating cash payments for finance leases		—		662		101
Financing cash payments for finance leases		397		9,020		1,382

Schedule of ROU Assets Obtained in Exchange for Lease Obligation

ROU assets obtained in exchange for lease obligations:

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Operating leases		323,242		359,168		55,045
Finance leases		18,950		15,208		2,331

Summary of Future Lease Payments under Lease Liabilities

Future lease payments under lease liabilities as of December 31, 2020 were as follows:

	Operating leases						Finance leases
	RMB			US$			RMB			US$
Year ending December 31,
2021		206,475			31,644			14,052			2,154
2022		200,204			30,683			14,052			2,154
2023		145,255			22,261			3,579			549
2024		78,449			12,023			—			—
2025		74,624			11,437			—			—
Thereafter		526,434			80,678			—			—
Total future lease payments		1,231,441			188,726			31,683			4,857
Less: Imputed interest		(262,458	)		(40,223	)		(2,403	)		(370	)
Total lease liability balance		968,983			148,503			29,280			4,487

Loans Payable (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Aggregate Loan Principal Payments on Long-term Loans and Borrowings

As of December 31, 2020, aggregate loan principal payments on long-term loans and borrowings from third party investors are due according to the following schedule:

	As of December 31, 2020
	RMB		US$
within 1 year		910,882		139,599
between 1-2 year		-		-
Thereafter		-		-
		910,882		139,599

Convertible Senior Notes (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Carrying Amount of Notes

The carrying amount of the Notes as of December 31, 2019 and 2020 were as follows:

	As of December 31, 2019		As of December 31, 2020
	RMB		RMB		US$

Liability component:
Principal		13,577,850		17,953,650		2,751,517
Less: unamortized debt discount		1,280,982		1,274,874		195,383
Net carrying amount		12,296,868		16,678,776		2,556,134
Equity component:
Carrying amount		1,349,262		1,744,219		267,313

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Summary of Loss Before Income Taxes

The Group’s loss before income taxes consists of:

	For the year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Non-PRC		(670,529	)		(1,243,926	)		(1,130,036	)		(173,186	)
PRC		(8,311,901	)		(8,980,961	)		(5,853,841	)		(897,139	)
		(8,982,430	)		(10,224,887	)		(6,983,877	)		(1,070,325	)

Components of Income Tax Expense

Income tax expense for the years ended December 31, 2018, 2019 and 2020 consists of:

	For the year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Current income tax expense		123,887			129,164			65,255			10,001
Deferred income tax benefit		(45,086	)		(77,312	)		(41,979	)		(6,434	)
		78,801			51,852			23,276			3,567

Summary of Reconciliation of Tax Expense Computed by Applying Statutory Income Tax Rate to Pre-Tax Loss

The reconciliation of total tax expense computed by applying the respective statutory income tax rate to pre-tax loss is as follows:

	For the year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Income tax benefit at PRC statutory rate		(2,245,608	)		(2,556,222	)		(1,745,969	)		(267,581	)
Effect of differing tax rates in different jurisdictions		172,111			293,976			291,884			44,733
Non-deductible expenses		380,327			436,312			516,236			79,117
Research and development super-deduction		(40,466	)		(66,026	)		(159,919	)		(24,509	)
Effect of PRC preferential tax rates and tax holiday		709,165			707,518			243,964			37,389
Other adjustments		(51,451	)		104,484			57,018			8,738
Change in valuation allowance		1,154,723			1,131,810			820,062			125,680
Income tax expense		78,801			51,852			23,276			3,567

Summary of Tax Effects of Temporary Differences to Deferred Tax Balances

The tax effects of temporary differences that give rise to the deferred tax balances at December 31, 2019 and 2020 are as follows:

	As of December 31,
	2019			2020			2020
	RMB			RMB			US$
Deferred tax assets:
Accrued expenses and others		83,324			117,387			17,990
Bad debt provision		32,654			104,458			16,009
Net operating losses carried forward		801,430			1,078,698			165,318
Recorded cost relating to capitalized assets		2,943,758			3,363,003			515,403
Fixed assets depreciation		17,967			18,651			2,858
Valuation allowance		(3,751,855	)		(4,571,917	)		(700,677	)
Deferred tax assets, net		127,278			110,280			16,901
Deferred tax liabilities:
Long-lived assets arising from acquisitions		122,498			63,521			9,735

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Classification in the consolidated balance sheets:
Deferred tax assets, net		34,916		51,347		7,869
Deferred tax liabilities		30,136		4,588		703

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Schedule of Future Minimum Payments Under Non-Cancelable Agreements for Property Management Fees

Future minimum payments under non-cancelable agreements for property management fees consist of the following as of December 31, 2020:

	RMB		US$
2021		24,174		3,705
2022		25,277		3,874
2023		19,100		2,927
2024		6,050		927
2025 and thereafter		35,758		5,480
		110,359		16,913

Schedule of Future Minimum Payments Under Non-Cancelable Agreements for Licensed Copyrights and produced content

Future minimum payments under non-cancelable agreements for licensed copyrights and produced content consist of the following as of December 31, 2020:

	RMB		US$
2021		10,480,422		1,606,195
2022		6,239,361		956,224
2023		3,420,784		524,258
2024		1,285,650		197,034
2025 and thereafter		344,714		52,830
		21,770,931		3,336,541

Redeemable Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2020

Temporary Equity Disclosure [Abstract]

Schedule of Movement in Carrying Value of Redeemable Noncontrolling Interests

The movement in the carrying value of the redeemable noncontrolling interests is as follows:

	2019		2020		2020
	RMB		RMB		US$
Balance as of January 1		—		101,542		15,562
Issuance of subsidiary shares		100,000		—		—
Accretion of redeemable noncontrolling interests		1,542		7,087		1,086
Balance as of December 31		101,542		108,629		16,648

Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Loss Per Share

Basic and diluted loss per Class A and Class B ordinary share for the years ended December 31, 2018, 2019 and 2020 are calculated as follows:

	Year ended December 31,
	2018						2019						2020						2020
	Class A			Class B			Class A			Class B			Class A						Class B
	RMB			RMB			RMB			RMB			RMB			US$			RMB			US$
Numerator:
Net loss attributable to iQIYI, Inc.		(3,841,616	)		(5,268,160	)		(4,506,557	)		(5,816,772	)		(3,127,160	)		(479,257	)		(3,911,201	)		(599,418	)
Accretion of redeemable noncontrolling interests		—			—			(673	)		(869	)		(3,149	)		(482	)		(3,938	)		(604	)
Accretion of redeemable convertible preferred shares		(126,085	)		(172,905	)		—			—			—			—			—			—
Net loss attributable to iQIYI, Inc.'s ordinary shareholders		(3,967,701	)		(5,441,065	)		(4,507,230	)		(5,817,641	)		(3,130,309	)		(479,739	)		(3,915,139	)		(600,022	)

Denominator:
Weighted average number of ordinary shares outstanding, basic		1,631,116,600			2,236,815,186			2,228,491,004			2,876,391,396			2,299,788,661			2,299,788,661			2,876,391,396			2,876,391,396
Weighted average number of ordinary shares outstanding, diluted		1,631,116,600			2,236,815,186			2,228,491,004			2,876,391,396			2,299,788,661			2,299,788,661			2,876,391,396			2,876,391,396

Net loss per share, basic		(2.43	)		(2.43	)		(2.02	)		(2.02	)		(1.36	)		(0.21	)		(1.36	)		(0.21	)
Net loss per share, diluted		(2.43	)		(2.43	)		(2.02	)		(2.02	)		(1.36	)		(0.21	)		(1.36	)		(0.21	)

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Share-based Compensation Expense Included in Relevant Financial Statement

The following table sets forth the amount of share-based compensation expense included in each of the relevant financial statement line items:

	Year ended December 31,
	2018		2019		2020		2020
	RMB		RMB		RMB		US$
Cost of revenues		83,351		171,053		201,970		30,953
Selling, general and administrative		368,598		675,278		851,416		130,485
Research and development		104,262		238,189		316,709		48,538
		556,211		1,084,520		1,370,095		209,976

2010 Plan

Summary of Option Activity

The following table sets forth the summary of option activity under the Company’s 2010 Plan:

	Options Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
				(US$)		(In years)		(US$ in thousands)
Outstanding, December 31, 2019		406,912,618			0.48
Granted		88,611,584			0.51
Forfeited/Expired		(12,111,374	)		0.51
Exercised		(62,714,554	)		0.44
Outstanding, December 31, 2020		420,698,274			0.49		7.42		846,289
Vested and expected to vest as of December 31, 2020		401,055,919			0.48		7.34		807,293
Exercisable as of December 31, 2020		245,054,484			0.47		6.58		497,590

Schedule of Assumptions Used to Value Share Options Granted to Employees and Non-Employees

The assumptions used to value the share options granted to employees and non-employees were as follows:

Year Ended December 31,

2018

2019

2020

Fair value of ordinary shares (US$)

2.57~3.84

2.27~3.88

2.60~3.42

Risk-free interest rate (%)

2.86~3.08

1.64~2.76

0.60~0.78

Expected volatility (%)

41.3~42.1

39.6~51.0

48.2~50.4

Expected dividend yield

—

Expected exercise multiple

2.3

2.2~2.8

2017 Plan

Summary of RSU Activity

The following table sets forth the summary of RSU activity under the Company’s 2017 Plan:

	Number of shares
Restricted Shares
Unvested, December 31, 2019		165,000
Vested		(44,000	)
Forfeited		(77,000	)
Unvested, December 31, 2020		44,000

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2020

a)	The table below sets forth the major related parties and their relationships with the Group:

Name of related parties

Relationship with the Group

Baidu and its subsidiaries (“Baidu Group”)

Others

Controlling shareholder of the Company

Equity investees (Note 5)

b)	The Group had the following related party transactions with the major related parties:

	For the year ended December 31,
	2018		2019		2020		2020
	RMB		RMB		RMB		US$
Membership services
Membership services revenue earned from memberships sold to Baidu Group		19,855		20,886		19,799		3,034
Membership services revenue earned from memberships sold by Others		126		6,361		5,772		885
Online advertising revenues
Advertising services provided to Baidu Group		189,461		67,452		113,934		17,461
Advertising services provided to Others		13,347		9,674		92,690		14,205
Content distribution revenues
Content licensed to Others (iii)		88,457		443,503		176,227		27,008
Other revenues
Other services provided to Baidu Group		29,296		12,343		15,430		2,365
Others		—		36,534		38,634		5,921
Interest income
Loans due from Others		2,202		4,856		1,247		191
		342,744		601,609		463,733		71,070
Cost of revenues
License fees to Baidu Group		8,923		23,064		13,691		2,098
Bandwidth fees to Baidu Group		601,065		976,523		1,007,461		154,400
Traffic acquisition and other services provided by Baidu Group (i)		126,644		479,497		—		—
Others (ii)		52,484		86,766		90,577		13,882
Selling, general and administrative
Advertising services provided by Baidu Group		10,844		1,825		2,466		378
Others		822		3,756		2,579		395
Research and development
Cloud services provided by Baidu Group		5,114		19,486		7,412		1,136
		805,896		1,590,917		1,124,186		172,289

(i)

(ii)

(iii)

The transactions mainly represent revenues derived from content distributed to Investee A and Investee B.

For the years ended December 31, 2018, 2019 and 2020, the Group purchased content from equity investees in an amount of RMB182,897, RMB909,450 and RMB1,455,933 (US$223,132), respectively.

c)	The Group had the following related party balances with the major related parties:

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Amounts due from related parties, current:
Due from Baidu Group (i)		35,560		38,346		5,877
Loans receivable from Others (ii)		105,934		—		—
Due from Others (iii)		70,499		57,765		8,853
		211,993		96,111		14,730
Amounts due from related parties, non-current:
Due from Others (iv)		172,200		39,400		6,038
		172,200		39,400		6,038

	As of December 31,
	2019		2020		2020
	RMB		RMB		US$
Amounts due to related parties, current:
Loans due to Baidu Group (v)		50,000		50,000		7,663
Due to Baidu Group (vi)		1,014,283		1,035,659		158,722
Deferred revenue in relation to services to be provided to an equity investee (vii)		169,677		164,810		25,258
Due to Others (viii)		370,298		528,314		80,967
		1,604,258		1,778,783		272,610
Amounts due to related parties, non-current:
Loans due to Baidu Group (v)		650,000		650,000		99,617
Due to Baidu Group (vi)		1,570		2,138		328
Deferred revenue in relation to services to be provided to an equity investee (vii)		410,187		325,227		49,843
Due to Others		126		42		6
		1,061,883		977,407		149,794

(i)	The balance mainly represents amounts due from Baidu Group for advertising, membership and other services.

(ii)	The balance as of December 31, 2019 represents loans provided to a Group’s equity investee with an interest rate of 5%, which was fully repaid during 2020.

(iii) The balance mainly represents amounts due from or advances made to equity investees for content distribution services and other services.

(iv)	The balance represents prepaid licensed copyrights for the Group’s equity investees.

(v)	The total outstanding balance represents an interest-free loan of RMB50,000, which is due on demand and an interest-free loan of RMB650,000 provided by Baidu in January 2018 that will mature in January 2023.

(vi)	The balance mainly represents amounts owed to Baidu for bandwidth and cloud services provided to the Group.

(vii)

The balance represents deferred revenue in relation to content distribution, licenses of intellectual property and traffic support services to be provided to investee A.

(viii)

The balance mainly represents amounts owed to the Group’s equity investees for licensed copyrights and advances made for online advertising services.

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured or Disclosed at Fair Value on a Recurring Basis and Non-Recurring Fair Value Measurements

	Fair Value Measurements
	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gain/ (Losses)
	RMB		RMB		RMB		RMB			US$
Recurring
As of December 31, 2019:
Cash equivalents
Time deposits				3,646,041
Money market fund		894,899
Short-term investments
Available-for-sale debt securities				890,459
Held-to-maturity debt securities				3,688,854
Long-term investments
Available-for-sale debt security						10,259
Held-to-maturity debt securities				490,799
Prepayment and other assets
Option to purchase equity interests of a listed company						14
Convertible senior notes				14,142,006

As of December 31, 2020:
Cash equivalents
Time deposits				2,520,868
Money market fund		197,973
Short-term investments
Available-for-sale debt securities				1,253,514
Held-to-maturity debt securities				2,104,660
Long-term investments
Equity investments at fair value with readily determinable fair value		39,750
Convertible senior notes, current portion				4,966,667
Convertible senior notes, non-current portion				12,077,775

Non-recurring
As of December 31, 2019:
Long-term investments						—		(169,374	)
Intangible assets, net						72,302		(99,096	)
Equity investments without readily determinable fair value						44,198		7,024

For the year ended December 31, 2020:
Mainland China film group-Licensed copyrights as of March 31, 2020						7,186,037		(390,299	)		(59,816	)
Mainland China film group-Produced content as of March 31, 2020						4,124,114		(209,701	)		(32,138	)
Produced content monetized on its own as of December 31, 2020						40,152		(205,462	)		(31,488	)
Long-term investments as of June 30, 2020					—			(73,199	)		(11,218	)
Intangible assets, net as of September 30, 2020					—			(15,391	)		(2,359	)
Equity investments without readily determinable fair value as of September 30, 2020						102,251		38,100			5,839
Fixed assets, net as of September 30, 2020					—			(95,111	)		(14,576	)
Prepayments and other assets as of September 30, 2020						110,000		(48,423	)		(7,421	)

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

Changes in Accumulated Other Comprehensive Income by Component, Net of Tax

Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

The changes in accumulated other comprehensive income by component, net of tax, were as follows:

	Foreign currency translation adjustment			Unrealized gain on available-for-sale debt securities			Total
	RMB			RMB			RMB
Balance at December 31, 2017		91,618			1,508			93,126
Other comprehensive income before reclassification		1,787,553			58,335			1,845,888
Amounts reclassified from accumulated other comprehensive income		—			(59,024	)		(59,024	)
Net current-period other comprehensive income/(loss)		1,787,553			(689	)		1,786,864
Other comprehensive income attributable to noncontrolling interests		—			(44	)		(44	)
Balance at December 31, 2018		1,879,171			775			1,879,946
Other comprehensive income before reclassification		228,974			9,338			238,312
Amounts reclassified from accumulated other comprehensive income		—			(9,635	)		(9,635	)
Net current-period other comprehensive income/(loss)		228,974			(297	)		228,677
Other comprehensive (income)/loss attributable to noncontrolling interests and redeemable noncontrolling interests		(1,926	)		21			(1,905	)
Balance at December 31, 2019		2,106,219			499			2,106,718
Other comprehensive income before reclassification		433,497			14,071			447,568
Amounts reclassified from accumulated other comprehensive income		—			(14,169	)		(14,169	)
Net current-period other comprehensive income/(loss)		433,497			(98	)		433,399
Other comprehensive loss/(income) attributable to noncontrolling interests and redeemable noncontrolling interests		2,571			(8	)		2,563
Balance at December 31, 2020		2,542,287			393			2,542,680
Balance at December 31, 2020 in US$		389,623			60			389,683

Tax Benefit/(Expense) Allocated to Each Component of Other Comprehensive Income

The following table sets forth the tax benefit/(expense) allocated to each component of other comprehensive income for the years ended December 31, 2018, 2019 and 2020:

	For the year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Unrealized gains on available-for-sale debt securities
Other comprehensive income before reclassification		(1,499	)		(1,672	)		(2,601	)		(399	)
Amounts reclassified from accumulated other comprehensive income		1,405			1,727			2,611			400
Net current-period other comprehensive (income)/loss		(94	)		55			10			1

Condensed Financial Information of the Parent Company (Tables) - iQIYI, INC

12 Months Ended

Dec. 31, 2020

Condensed Balance Sheets

	As of December 31,
	Note		2019			2020			2020
			RMB			RMB			US$
ASSETS
Current assets:
Cash and cash equivalents				2,774,681			5,101,693			781,869
Short-term investments				1,237,730			263,005			40,307
Prepayments and other assets				16,849			9,313			1,427
Amounts due from entities within the Group				17,967,978			20,666,711			3,167,312

Total current assets				21,997,238			26,040,722			3,990,915

Total non-current assets				—			—			—

Total assets				21,997,238			26,040,722			3,990,915

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Convertible senior notes				—			4,752,061			728,285
Accrued expenses and other liabilities				99,823			89,905			13,779

Total current liabilities				99,823			4,841,966			742,064

Non-current liabilities
Convertible senior notes		15		12,296,868			11,926,715			1,827,849
Other non-current liabilities				29,533			15,383			2,357

Total non-current liabilities				12,326,401			11,942,098			1,830,206

Total liabilities				12,426,224			16,784,064			2,572,270

Commitments and contingencies		18
Shareholders’ equity:
Class A ordinary shares (US$0.00001 par value; 94,000,000,000 shares authorized as of December 31, 2019 and 2020, respectively; 2,603,890,438 and 2,900,519,681 shares issued as of December 31, 2019 and 2020, respectively; 2,259,125,125 and 2,609,809,545 shares outstanding as of December 31, 2019 and 2020, respectively)		20		142			165			25
Class B ordinary shares (US$0.00001 par value; 5,000,000,000 and 5,000,000,000 shares authorized as of December 31, 2019 and 2020, respectively; 2,876,391,396 and 2,876,391,396 shares issued and outstanding as of December 31, 2019 and 2020, respectively)		20		183			183			28
Additional paid-in capital				41,298,328			47,687,483			7,308,427
Accumulated deficit		21		(33,834,357	)		(40,973,853	)		(6,279,518	)
Accumulated other comprehensive income		26		2,106,718			2,542,680			389,683

Total shareholders’ equity				9,571,014			9,256,658			1,418,645

Total liabilities and shareholders’ equity				21,997,238			26,040,722			3,990,915

Condensed Statements of Comprehensive Loss

	Year ended December 31,
		2018			2019			2020			2020
		RMB			RMB			RMB			US$
Operating costs and expenses:
Selling, general and administrative			(48,253	)		(14,946	)		(36,408	)		(5,580	)

Operating loss
Share of losses of subsidiaries, VIEs and VIEs’ subsidiaries			(8,573,048	)		(9,593,221	)		(7,320,787	)		(1,121,960	)
Interest income			260,360			133,930			24,343			3,731
Interest expenses			(25,550	)		(603,449	)		(642,718	)		(98,501	)
Foreign exchange (loss)/gain, net			(694,907	)		(118,439	)		913,974			140,073
Other (expense)/income, net			(28,378	)		(127,204	)		23,235			3,562

Net loss			(9,109,776	)		(10,323,329	)		(7,038,361	)		(1,078,675	)

Accretion of redeemable convertible preferred shares			(298,990	)		—			—			—
Accretion of redeemable noncontrolling interests			—			(1,542	)		(7,087	)		(1,086	)

Net loss attributable to ordinary shareholders			(9,408,766	)		(10,324,871	)		(7,045,448	)		(1,079,761	)

Other comprehensive income
Foreign currency translation adjustments			1,787,553			227,048			436,068			66,830
Unrealized losses on available-for-sale debt securities			(733	)		(276	)		(106	)		(16	)

Total other comprehensive income, net of tax			1,786,820			226,772			435,962			66,814

Comprehensive loss			(7,322,956	)		(10,096,557	)		(6,602,399	)		(1,011,861	)

Condensed Statements of Cash Flows

	Year ended December 31,
	2018			2019			2020			2020
	RMB			RMB			RMB			US$
Net cash provided by/(used for) operating activities		87,322			(122,370	)		(836,700	)		(128,230	)
Net cash used for investing activities		(17,575,740	)		(7,268,873	)		(6,634,576	)		(1,016,793	)
Net cash provided by financing activities		19,703,701			7,489,321			9,804,491			1,502,604
Effect of exchange rate changes on cash, cash equivalents and restricted cash		269,735			95,695			(6,203	)		(950	)

Net increase in cash, cash equivalents and restricted cash		2,485,018			193,773			2,327,012			356,631
Cash, cash equivalents and restricted cash at the beginning of the year		95,890			2,580,908			2,774,681			425,238
Cash, cash equivalents and restricted cash at the end of the year		2,580,908			2,774,681			5,101,693			781,869

Organization and Basis of Presentation - Schedule of Major Subsidiaries,VIEs and VIEs' Subsidiaries (Details)	12 Months Ended
	Dec. 31, 2020
Subsidiaries \| Beijing QIYI Century Science & Technology Co., Ltd. ("Beijing QIYI Century")
Organization And Basis Of Presentation [Line Items]
Effective interest held	100.00%
Subsidiaries \| iQIYI HK Limited (“QIYI HK”, formerly known as Qiyi.com HK Limited)
Organization And Basis Of Presentation [Line Items]
Effective interest held	100.00%
Subsidiaries \| iQIYI Media Limited
Organization And Basis Of Presentation [Line Items]
Effective interest held	100.00%
Subsidiaries \| iQIYI Film Group HK Limited
Organization And Basis Of Presentation [Line Items]
Effective interest held	100.00%
Subsidiaries \| Beijing iQIYI New Media Science & Technology Co., Ltd. ("iQIYI New Media")
Organization And Basis Of Presentation [Line Items]
Effective interest held	100.00%
Subsidiaries \| Skymoons Inc.
Organization And Basis Of Presentation [Line Items]
Effective interest held	100.00%
Subsidiaries \| Special (Hong Kong) Co., Ltd.
Organization And Basis Of Presentation [Line Items]
Effective interest held	80.00%
Subsidiaries \| Shanghai iQIYI Network & Technology Co., Ltd.
Organization And Basis Of Presentation [Line Items]
Effective interest held	100.00%
Subsidiaries \| Beijing iQIYI Interactive Technology Co., Ltd.
Organization And Basis Of Presentation [Line Items]
Effective interest held	100.00%
Subsidiaries \| iQIYI International Singapore Pte, Ltd.
Organization And Basis Of Presentation [Line Items]
Effective interest held	100.00%
Subsidiaries \| Beijing QIYI Century Science & Technology Co., Ltd. ("Beijing QIYI Century")
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	Mar. 08, 2010
Subsidiaries \| iQIYI HK Limited (“QIYI HK”, formerly known as Qiyi.com HK Limited)
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	Hong Kong
Date of Establishment/Acquisition	Apr. 14, 2011
Subsidiaries \| iQIYI Media Limited
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	Cayman
Date of Establishment/Acquisition	May 26, 2017
Subsidiaries \| iQIYI Film Group HK Limited
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	Hong Kong
Date of Establishment/Acquisition	Jun. 12, 2017
Subsidiaries \| Beijing iQIYI New Media Science & Technology Co., Ltd. ("iQIYI New Media")
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	Jul. 27, 2017
Subsidiaries \| Skymoons Inc.
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	Cayman
Date of Establishment/Acquisition	Jul. 17, 2018
Subsidiaries \| Special (Hong Kong) Co., Ltd.
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	Hong Kong
Date of Establishment/Acquisition	Jul. 17, 2018
Subsidiaries \| Shanghai iQIYI Network & Technology Co., Ltd.
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	Sep. 06, 2018
Subsidiaries \| Beijing iQIYI Interactive Technology Co., Ltd.
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	Jan. 31, 2019
Subsidiaries \| iQIYI International Singapore Pte, Ltd.
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	Singapore
Date of Establishment/Acquisition	Feb. 11, 2020
Variable Interest Entities \| Shanghai iQIYI Culture Media Co., Ltd. ("Shanghai iQIYI")
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	Dec. 19, 2012
Variable Interest Entities \| Beijing iQIYI Science & Technology Co., Ltd. ("Beijing iQIYI"; formerly known as Beijing Xinlian Xinde Advertisement Media Co., Ltd.)
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	Nov. 23, 2011
Variable Interest Entities \| Shanghai Zhong Yuan Network Co., Ltd. ("Shanghai Zhong Yuan")
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	May 11, 2013
Variable Interest Entities \| iQIYI Pictures (Beijing) Co., Ltd. ("iQIYI Pictures")
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	Dec. 31, 2014
Variable Interest Entities \| Beijing iQIYI Intelligent Entertainment Technology Co., Ltd. ("Intelligent Entertainment", formerly known as Beijing iQIYI Cinema Management Co., Ltd.)
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	Jun. 28, 2017
Variable Interest Entities \| Chengdu Skymoons Interactive Network Game Co., Ltd.("Skymoons Interactive")
Organization And Basis Of Presentation [Line Items]
Place of Incorporation	PRC
Date of Establishment/Acquisition	Jul. 17, 2018

Organization and Basis of Presentation - Additional Information (Details) $ in Thousands								12 Months Ended
	Dec. 21, 2020	Aug. 30, 2017 CNY (¥)	Jul. 27, 2017 CNY (¥)	Jan. 14, 2014 CNY (¥)	Oct. 25, 2013 CNY (¥)	Jan. 30, 2013 CNY (¥)	Nov. 23, 2011 Agreement	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
Organization And Basis Of Presentation [Line Items]
Interest-free loan to shareholder of variable interest entity								¥ 17,953,650,000	¥ 13,577,850,000		$ 2,751,517
Pledge or collateralization of VIEs and VIEs' subsidiaries' assets								¥ 48,185,429,000	¥ 44,792,550,000		7,384,740
Revenue \| Product Concentration Risk
Organization And Basis Of Presentation [Line Items]
Concentration risk by percentage								92.00%	93.00%	92.00%
Purchase Option Agreement Between Beijing Qiyi Century And Beijing IQIYI \| Minimum
Organization And Basis Of Presentation [Line Items]
Material contract value						¥ 300,000
Trademark License Agreement and Software Usage License Agreement Between Beijing QIYI Century and Beijing iQIYI
Organization And Basis Of Presentation [Line Items]
Number of license agreements \| Agreement							2
Term of license agreements							5 years
Beijing QIYI Century \| Beijing iQIYI
Organization And Basis Of Presentation [Line Items]
Interest-free loan to shareholder of variable interest entity						¥ 27,000,000
Loan agreement expiration date						Jun. 23, 2021
Extended period of loan agreement	10 years
Loan agreement extended date						Dec. 21, 2020
Purchase option agreement term						10 years
Extended period of purchase option agreement	10 years
Purchase option agreement extended date						Dec. 21, 2020
Business cooperation agreement term							10 years
Extended period of business cooperation agreement	10 years
Business cooperation agreement extended date						Dec. 21, 2020
Beijing QIYI Century \| Beijing iQIYI \| Trademark License Agreement
Organization And Basis Of Presentation [Line Items]
Extended period of license agreement							1 year
Beijing QIYI Century \| Beijing iQIYI \| Software Usage License Agreement
Organization And Basis Of Presentation [Line Items]
Extended period of license agreement	10 years						5 years
Beijing QIYI Century \| Shanghai iQIYI
Organization And Basis Of Presentation [Line Items]
Interest-free loan to shareholder of variable interest entity					¥ 10,000,000
Loan agreement expiration date					Oct. 24, 2023
Beijing QIYI Century \| Shanghai Zhong Yuan
Organization And Basis Of Presentation [Line Items]
Interest-free loan to shareholder of variable interest entity				¥ 20,000,000
Loan agreement expiration date				Jan. 13, 2024
iQIYI New Media \| Intelligent Entertainment
Organization And Basis Of Presentation [Line Items]
Interest-free loan to shareholder of variable interest entity			¥ 20,000,000
Loan agreement expiration date			Jul. 26, 2027
iQIYI New Media \| iQIYI Pictures
Organization And Basis Of Presentation [Line Items]
Interest-free loan to shareholder of variable interest entity		¥ 100,000,000
Loan agreement expiration date		Aug. 29, 2027
Variable Interest Entities
Organization And Basis Of Presentation [Line Items]
Pledge or collateralization of VIEs and VIEs' subsidiaries' assets								¥ 22,656,954,000	¥ 21,407,558,000		$ 3,472,330
Variable Interest Entities \| Asset Pledged as Collateral
Organization And Basis Of Presentation [Line Items]
Pledge or collateralization of VIEs and VIEs' subsidiaries' assets										¥ 0

Organization and Basis of Presentation - Schedule of VIEs and VIEs' Subsidiaries Included in Consolidated Balance Sheets and Statements of Comprehensive Loss (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)	Jul. 17, 2018 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 10,915,282		¥ 5,934,742		$ 1,672,840
Short-term investments	3,358,174		4,579,313		514,663
Accounts receivable, net	3,344,433		3,627,749		512,557
Licensed copyrights, net	1,035,339		1,224,881		158,673
Prepayments and other assets	3,515,855		3,719,228		538,828
Total current assets	22,290,424		20,272,838		3,416,158
Non-current assets:
Fixed assets, net	1,393,467		1,754,367		213,558
Long-term investments	3,202,828		2,982,154		490,855
Licensed copyrights, net	6,435,055		6,287,330		986,215
Produced content, net	6,556,084		4,355,221		1,004,764
Operating lease assets	1,001,857		722,742		153,541
Goodwill	3,888,346		3,888,346		595,915	¥ 588,857
Total non-current assets	25,895,005		24,519,712		3,968,582
Total assets	48,185,429		44,792,550		7,384,740
Current liabilities:
Customer advances and deferred revenue	3,444,917		3,081,407		527,957
Short-term loans	2,965,957		2,618,170		454,553
Long-term loans, current portion	909,034		736,814		139,316
Operating lease liabilities, current portion	201,307		125,412		30,852
Total current liabilities	24,854,578		20,173,166		3,809,131
Non-current liabilities:
Long-term loans	0		880,278		0
Operating lease liabilities	767,676		402,732		117,651
Other non-current liabilities	210,167		232,555		32,210
Total non-current liabilities	13,886,553		14,904,452		2,128,207
Revenues	29,707,215	$ 4,552,830	28,993,658	¥ 24,989,116
Net loss	(7,007,153)	(1,073,892)	(10,276,739)	(9,061,231)
Net cash provided by operating activities	(5,411,071)	(829,283)	3,906,227	2,884,186
Net cash used for investing activities	159,296	24,412	(11,749,571)	(20,949,094)
Net cash provided by/(used for) financing activities	9,373,906	1,436,615	7,880,306	23,474,959
Variable Interest Entities
Current assets:
Cash and cash equivalents	855,749		882,743		131,149
Short-term investments	825,352		169,565		126,491
Accounts receivable, net	2,928,385		2,839,945		448,795
Licensed copyrights, net	764,904		716,008		117,227
Prepayments and other assets	2,968,839		3,202,489		454,994
Total current assets	8,343,229		7,810,750		1,278,656
Non-current assets:
Fixed assets, net	726,986		856,116		111,415
Long-term investments	2,217,776		2,130,467		339,889
Licensed copyrights, net	992,549		1,640,582		152,115
Produced content, net	6,129,754		4,355,221		939,426
Operating lease assets	755,309		649,273		115,756
Goodwill	2,412,989		2,412,989		369,807
Others	1,078,362		1,552,160		165,266
Total non-current assets	14,313,725		13,596,808		2,193,674
Total assets	22,656,954		21,407,558		3,472,330
Current liabilities:
Accounts payable	3,718,306		4,193,022		569,855
Customer advances and deferred revenue	3,407,352		2,982,011		522,200
Short-term loans	1,100,694		624,000		168,689
Long-term loans, current portion	937,782		732,213		143,721
Operating lease liabilities, current portion	101,866		95,905		15,612
Accrued expenses and other liabilities	2,861,963		3,466,314		438,615
Total current liabilities	12,127,963		12,093,465		1,858,692
Non-current liabilities:
Long-term loans			937,782
Operating lease liabilities	637,381		364,853		97,683
Other non-current liabilities	511,314		630,195		78,362
Total non-current liabilities	1,148,695		1,932,830		176,045
Amounts due to the Company and its subsidiaries	16,558,843		13,583,317		2,537,754
Total liabilities	29,835,501		27,609,612		$ 4,572,491
Revenues	27,412,800	4,201,195	26,887,129	22,982,783
Net loss	(1,360,562)	(208,515)	(3,341,662)	(2,749,657)
Net cash provided by operating activities	980,975	150,341	2,494,045	4,548,220
Net cash used for investing activities	(625,675)	(95,889)	(3,409,845)	(6,671,588)
Net cash provided by/(used for) financing activities	¥ (380,298)	$ (58,283)	¥ 1,180,387	¥ 2,202,196

Organization and Basis of Presentation - Schedule of VIEs and VIEs' Subsidiaries Included in Consolidated Balance Sheets and Statements of Comprehensive Loss (Parenthetical) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Variable Interest Entity [Line Items]
Long-term loans, current portion	¥ 909,034	$ 139,316	¥ 736,814
Non-current loan	0	0	880,278
Variable Interest Entities
Variable Interest Entity [Line Items]
Long-term loans, current portion	937,782	143,721	732,213
Non-current loan			937,782
Variable Interest Entities \| Long-term Loan, Current Portion
Variable Interest Entity [Line Items]
Long-term loans, current portion	¥ 527,000	$ 80,766	424,000
Variable Interest Entities \| Long-term Loans
Variable Interest Entity [Line Items]
Non-current loan			¥ 527,000

Summary of Significant Accounting Policies - Additional Information (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥) ReportingUnit Customer Segment ¥ / shares	Dec. 31, 2020 USD ($) ReportingUnit Customer Segment $ / shares	Dec. 31, 2019 CNY (¥) Customer	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)	Jan. 01, 2020 CNY (¥)	Jan. 01, 2020 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Renminbi ("RMB") to per one U.S. dollar exchange rate	6.5250				6.5250
Accumulated deficit	¥ 40,973,853		¥ 33,834,357		$ 6,279,518
Cash paid for content (licensed copyrights and produced content)	¥ 17,009,167	$ 2,606,769
Amortization period of produced content	10 years	10 years
Change in accounting estimate, decrease in amortization expense	¥ 680,444	$ 104,283
Change in accounting estimate, decrease in net loss	¥ 680,444	$ 104,283
Number of reporting unit \| ReportingUnit	1	1
Goodwill impaired related to reporting unit	¥ 0		0
Barter transaction, gross operating revenue recognized	1,376,912	$ 211,021	682,941	¥ 1,082,964
Contract assets allowance for credit losses	9,275		7,225		1,421
Balances of contract liabilities	4,476,940		3,954,763		686,121
Revenue recognition of contract liability	¥ 2,964,114	$ 454,270
Longest expected length of revenue contracts	1 year	1 year
Advertising expenses	¥ 2,304,782	$ 353,223	¥ 2,757,214	2,268,753
Cash and cash equivalents and restricted cash	¥ 10,940,512				1,676,707
Depreciation percentage	6.27%	6.27%
Number of operating segment \| Segment	1	1
Accounts Receivable and Contract Assets
Summary Of Significant Accounting Policies [Line Items]
Number of customer accounting for more than ten percent of the total accounts receivable and contract asset balance \| Customer	0	0	0
Accounts Receivable and Contract Assets \| Credit Concentration Risk
Summary Of Significant Accounting Policies [Line Items]
Concentration risk by percentage	10.00%	10.00%	10.00%
Prepayments and Other Assets
Summary Of Significant Accounting Policies [Line Items]
Contract assets	¥ 1,509,586		¥ 1,875,704		231,354
Contract assets allowance for credit losses	¥ 9,275		7,225		$ 1,421
Class A and Class B ordinary share
Summary Of Significant Accounting Policies [Line Items]
Change in accounting estimate, decrease in basic and diluted net loss per ordinary share \| (per share)	¥ 0.13	$ 0.02
Licensed Copyrights
Summary Of Significant Accounting Policies [Line Items]
Content assets amortization period cap	10 years	10 years
ASU 2016-13
Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2020				Jan. 01, 2020
Change in accounting principle, accounting standards update, adopted	true				true
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Extensible List]	iq:AccountingStandardUpdate201613ModifiedRetrospectiveMember	iq:AccountingStandardUpdate201613ModifiedRetrospectiveMember
ASU 2019-02
Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2020				Jan. 01, 2020
Change in accounting principle, accounting standards update, adopted	true				true
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Extensible List]	iq:AccountingStandardUpdate201902ProspectiveMember	iq:AccountingStandardUpdate201902ProspectiveMember
Change in accounting principle, accounting standards update, immaterial effect	false				false
ASU 2017-04
Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2020				Jan. 01, 2020
Change in accounting principle, accounting standards update, adopted	true				true
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Extensible List]	us-gaap:AccountingStandardsUpdate201704Member	us-gaap:AccountingStandardsUpdate201704Member
Change in accounting principle, accounting standards update, immaterial effect	true				true
ASC topic 926 \| iQIYI Licensed Copyright
Summary Of Significant Accounting Policies [Line Items]
Barter transaction, gross operating revenue recognized	¥ 1,376,912	$ 211,021	682,941	1,082,964
Barter transaction, costs recognized	¥ 1,052,181	$ 161,254	¥ 570,201	¥ 1,026,140
ASU 2016-02
Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2019				Jan. 01, 2019
Change in accounting principle, accounting standards update, adopted	true				true
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Extensible List]	iq:AccountingStandardUpdate201602ModifiedRetrospectiveMember	iq:AccountingStandardUpdate201602ModifiedRetrospectiveMember
ASU 2018-07
Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2019				Jan. 01, 2019
Change in accounting principle, accounting standards update, adopted	true				true
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected [Extensible List]	iq:AccountingStandardUpdate201807ModifiedRetrospectiveMember	iq:AccountingStandardUpdate201807ModifiedRetrospectiveMember
Change in accounting principle, accounting standards update, immaterial effect	true				true
Cumulative Effect Period of Adoption [Member] \| ASU 2016-13
Summary Of Significant Accounting Policies [Line Items]
Accumulated deficit						¥ 94,048
Accounts receivable and contract assets						83,726	$ 12,832
Cumulative Effect Period of Adoption [Member] \| ASU 2016-13 \| Prepayments and Other Assets
Summary Of Significant Accounting Policies [Line Items]
Contract assets allowance for credit losses						¥ 11,360	$ 1,741

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives of Fixed Assets or Term of Related Lease (Details)	12 Months Ended
	Dec. 31, 2020
Computer Equipment \| Minimum
Property Plant And Equipment [Line Items]
Fixed assets, estimated useful lives	3 years
Computer Equipment \| Maximum
Property Plant And Equipment [Line Items]
Fixed assets, estimated useful lives	5 years
Office Furniture and Equipment \| Minimum
Property Plant And Equipment [Line Items]
Fixed assets, estimated useful lives	3 years
Office Furniture and Equipment \| Maximum
Property Plant And Equipment [Line Items]
Fixed assets, estimated useful lives	5 years
Leasehold Improvements
Property Plant And Equipment [Line Items]
Fixed assets, estimated useful lives	over the shorter of lease terms or estimated useful lives of the assets
Office Building
Property Plant And Equipment [Line Items]
Fixed assets, estimated useful lives	43 years
Others
Property Plant And Equipment [Line Items]
Fixed assets, estimated useful lives	5 years

Summary of Significant Accounting Policies - Summary of Estimated Economic Lives of Finite-Lived Intangible Assets (Details)	1 Months Ended	12 Months Ended
	Feb. 28, 2018	Dec. 31, 2020	Dec. 31, 2019
Traffic Acquisition Agreement
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives	4 years		1 year 8 months 19 days
Traffic Acquisition Agreement \| Minimum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		1 year
Traffic Acquisition Agreement \| Maximum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		2 years
Intellectual Property Rights \| Minimum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		1 year
Intellectual Property Rights \| Maximum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		10 years
Trademarks
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives	2 years
Trademarks \| Minimum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		10 years
Trademarks \| Maximum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		22 years
User List
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		5 years
Online Literature \| Minimum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		1 year
Online Literature \| Maximum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		10 years
Domain Names \| Minimum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		10 years
Domain Names \| Maximum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		22 years
Others \| Minimum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		2 years
Others \| Maximum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		20 years
Published Mobile Games \| Minimum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		2 years
Published Mobile Games \| Maximum
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		4 years
Technology
Finite Lived Intangible Assets [Line Items]
Intangible assets, estimated economic lives		5 years

Summary of Significant Accounting Policies - Summary of Estimated Economic Lives of Indefinite-Lived Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2020
Mobile games in development
Indefinite-lived Intangible Assets [Line Items]
Indefinite-live intangible assets useful life	indefinite

Business Combinations - Additional Information (Details) ¥ in Thousands, $ in Thousands		5 Months Ended	12 Months Ended
	Jul. 17, 2018 CNY (¥) shares	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Business Acquisition [Line Items]
Revenues			¥ 29,707,215	$ 4,552,830	¥ 28,993,658	¥ 24,989,116
Net loss			(7,038,361)	(1,078,675)	(10,323,329)	(9,109,776)
Class A Ordinary Shares
Business Acquisition [Line Items]
Net loss			¥ (3,127,160)	$ (479,257)	¥ (4,506,557)	¥ (3,841,616)
Skymoons
Business Acquisition [Line Items]
Date of acquisition	Jul. 17, 2018
Business acquisition, ownership percentage	100.00%
Control obtained date	Jul. 17, 2018
Payment for the acquisition	¥ 1,157,000
Consideration transferred	1,242,900
Earn-Out Not Contingent on the Continued Employment	85,900
Earn-Out is Contingent on the continued Employment	¥ 1,018,600
Contingent consideration, term	3 years
Accounts receivable	¥ 97,819
Gross contractual accounts receivable acquired	101,750
Contractual cash flows not expected to be collected	3,931
Revenues		¥ 375,200
Net loss		¥ 237,900
Skymoons \| Maximum
Business Acquisition [Line Items]
Earn-Out payable	¥ 130,000
Skymoons \| Class A Ordinary Shares
Business Acquisition [Line Items]
Issuance of ordinary shares \| shares	23,777,706

Business Combinations - Summary of Estimated Aggregate Fair Values of Assets Acquired and Liabilities Assumed (Details)
¥ in Thousands, $ in Thousands

Jul. 17, 2018

CNY (¥)

Dec. 31, 2020

CNY (¥)

Dec. 31, 2020

USD ($)

Dec. 31, 2019

CNY (¥)

Cash and cash equivalents

¥ 734,023

189,313

Other current assets

403,387

Other non-current assets

30,162

Fixed assets

2,574

Long-term investments

49,043

Goodwill

588,857

¥ 3,888,346

$ 595,915

¥ 3,888,346

Current liabilities

(466,793)

Long-term loans

(87,794)

Deferred tax liabilities

(137,811)

Noncontrolling interests

(62,047)

Total consideration

1,242,914

Mobile games in development

^[1]

¥ 240,000

Useful lives(Years)

^[1]

indefinite lived

Published Mobile Games

¥ 366,000

2 years

Technology

¥ 101,000

5 years

Others | Minimum

¥ 27,023

2 years

Others | Maximum

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

10 years

[1]	Mobile games in development are those that are not completed as of the acquisition date and have no alternative future use. The Group considers its mobile games in development to be in-process research and development (“IPR&D”).

Short-term Investments - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Summary Of Investment Holdings [Line Items]
Held-to-maturity debt securities maturity period		2 years
Long-term debt securities, held-to-maturity \| $		$ 71,000
Carrying value of long-term held-to-maturity debt securities				¥ 495,710
Carrying amount of long-term held-to-maturity debt securities, current portion	¥ 463,715		$ 71,067
Gross unrecognized holding loss	0			4,911
Gross unrecognized holding gain	¥ 0			¥ 0
Maximum \| Short-term Investments
Summary Of Investment Holdings [Line Items]
Maturity period of held-to-maturity and available-for-sale debt securities	1 year	1 year

Long-term Investments - Schedule of Equity Investments without Readily Determinable Fair Value (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Schedule Of Investments [Abstract]
Initial cost basis	¥ 2,654,055	$ 406,752	¥ 1,797,421
Cumulative unrealized gains	235,258	36,055	196,663
Cumulative unrealized losses (including impairment)	(247,468)	(37,926)	(181,274)
Total carrying amount	¥ 2,641,845	$ 404,881	¥ 1,812,810

Long-term Investments - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)	Jul. 31, 2018 CNY (¥)
Summary Of Investment Holdings [Line Items]
Impairment charges recognized on equity investments without readily determinable fair values	¥ 73,199	$ 11,218	¥ 169,374	¥ 0
Equity method investments	¥ 510,426		¥ 663,376		$ 78,226
Beijing Xin'ai Sports Media Technology co., LTD
Summary Of Investment Holdings [Line Items]
Equity method investment, ownership percentage	24.00%		26.00%		24.00%	32.00%
Equity method investments						¥ 796,000
Basis differences and investment goodwill						¥ 609,502

Long-term Investments - Schedule of Realized and Unrealized Gains and Losses for Equity Securities Without Readily Determinable Fair Values (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Schedule Of Investments [Abstract]
Gross unrealized gains (upward adjustments)	¥ 38,595	$ 5,915	¥ 7,024	¥ 189,639
Gross unrealized losses (downward adjustments excluding impairment)	(495)	(76)	0	0
Net unrealized gains on equity securities held	38,100	5,839	7,024	189,639
Net realized gains on equity securities sold	0	0	0	0
Total net gains recognized in other income, net	¥ 38,100	$ 5,839	¥ 7,024	¥ 189,639

Accounts Receivable, Net - Schedule of Accounts Receivable, Net (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Accounts Receivable, net
Accounts receivable	¥ 3,704,732	$ 567,775	¥ 3,772,323
Allowance for credit losses	(360,299)	(55,218)	(144,574)
Accounts receivable, net	¥ 3,344,433	$ 512,557	¥ 3,627,749

Accounts Receivable, Net - Schedule of Movement of Allowance for Credit Losses (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Allowance for Credit Losses
Balance at the beginning of the year	¥ 144,574	$ 22,157	¥ 94,856	¥ 24,686
Provisions	202,108	30,974	72,259	85,745
Write-offs	(58,749)	(9,004)	(22,541)	(15,575)
Balance at the end of the year	360,299	55,218	144,574	¥ 94,856
Cumulative Effect Period of Adoption [Member] \| ASU 2016-13
Allowance for Credit Losses
Balance at the beginning of the year	¥ 72,366	$ 11,091
Balance at the end of the year			¥ 72,366

Prepayments and Other Assets - Components of Current and Non-Current Portions of Prepayments and Other Assets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Current portion:
Contract assets	¥ 1,509,586	$ 231,354	¥ 1,875,704
VAT prepayments	805,360	123,427	507,135
Prepaid licensed copyrights	378,025	57,935	311,144
Receivables from online payment agencies	304,353	46,644	386,795
Advances to suppliers	213,686	32,749	207,204
Prepaid expenses	58,150	8,912	82,657
Deposits and prepaid rental fees	57,829	8,863	133,692
Others	188,866	28,944	214,897
Prepayments and other assets, current	3,515,855	538,828	3,719,228
Non-current portion:
Prepaid licensed copyrights	2,036,411	312,094	3,006,109
Licensed copyrights prepaid assets	474,073	72,655	325,504
Deposits and prepaid rental fees	154,627	23,698	22,269
Others	34,312	5,258	154,594
Prepayments and other assets, noncurrent	¥ 2,699,423	$ 413,705	¥ 3,508,476

Prepayments and Other Assets - Components of Current and Non-Current Portions of Prepayments and Other Assets (Parenthetical) (Details) ¥ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2018 USD ($)	Dec. 31, 2020 USD ($)	Jan. 01, 2020 CNY (¥)	Jan. 01, 2020 USD ($)
Prepayments And Other Assets [Line Items]
Contract assets allowance for credit losses	¥ 9,275		¥ 7,225				$ 1,421,000
Prepayments and Other Assets
Prepayments And Other Assets [Line Items]
Contract assets allowance for credit losses	9,275		7,225				1,421,000
Provisions (reversal) charged against the allowance for credit losses	9,310	$ 1,427,000	(14,253)		¥ 21,478
Write-offs charged against the allowance for credit losses \| ¥	0		¥ 0		¥ 0
Allowance for credit losses on other current assets	73,688						$ 11,293,000
Provisions (reversal) charged against the allowance to supplies	¥ 73,688	11,293,000
Write-offs charged against the allowance \| $		$ 0		$ 0		$ 0
Cumulative Effect Period of Adoption [Member] \| ASU 2016-13 \| Prepayments and Other Assets
Prepayments And Other Assets [Line Items]
Contract assets allowance for credit losses								¥ 11,360	$ 1,741,000

Licensed Copyrights, Net - Schedule of Licensed Copyrights, Net (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Broadcasting Rights
Finite Lived License Agreements [Line Items]
Finite-Lived License Agreements, Gross	¥ 37,511,847		¥ 32,038,423
Finite-Lived License Agreements, Accumulated Amortization	(29,687,867)		(24,500,895)
Finite-Lived License Agreements, Impairment Amount	(353,586)		(25,317)
Finite-Lived License Agreements, Net	7,470,394	$ 1,144,888	7,512,211
Finite-Lived License Agreements, Gross, Current	8,661,499		11,752,412
Finite-Lived License Agreements, Accumulated Amortization, Current	(7,591,792)		(10,502,214)
Finite-Lived License Agreements, Impairment Amount, Current	(34,368)		(25,317)
Net carrying value, current portion	1,035,339	158,673	1,224,881
Gross carrying value, non-current portion	28,850,348		20,286,011
Finite-Lived License Agreements, Accumulated Amortization, Non-current	(22,096,075)		(13,998,681)
Finite-Lived License Agreements, Impairment Amount, Non-current	(319,218)		0
Net carrying value, non-current portion	6,435,055	986,215	6,287,330
Sublicensing Rights
Finite Lived License Agreements [Line Items]
Finite-Lived License Agreements, Gross	5,962,743		4,632,586
Finite-Lived License Agreements, Accumulated Amortization	(5,962,743)		(4,632,586)
Finite-Lived License Agreements, Impairment Amount	0		0
Finite-Lived License Agreements, Net	0	0	0
Finite-Lived License Agreements, Gross, Current	5,962,743		4,632,586
Finite-Lived License Agreements, Accumulated Amortization, Current	(5,962,743)		(4,632,586)
Finite-Lived License Agreements, Impairment Amount, Current	0		0
Net carrying value, current portion	0	0	0
Gross carrying value, non-current portion	0		0
Finite-Lived License Agreements, Accumulated Amortization, Non-current	0		0
Finite-Lived License Agreements, Impairment Amount, Non-current	0		0
Net carrying value, non-current portion	0	0	0
Licensed Copyrights
Finite Lived License Agreements [Line Items]
Finite-Lived License Agreements, Gross	43,474,590		36,671,009
Finite-Lived License Agreements, Accumulated Amortization	(35,650,610)		(29,133,481)
Finite-Lived License Agreements, Impairment Amount	(353,586)		(25,317)
Finite-Lived License Agreements, Net	7,470,394	1,144,888	7,512,211
Finite-Lived License Agreements, Gross, Current	14,624,242		16,384,998
Finite-Lived License Agreements, Accumulated Amortization, Current	(13,554,535)		(15,134,800)
Finite-Lived License Agreements, Impairment Amount, Current	(34,368)		(25,317)
Net carrying value, current portion	1,035,339	158,673	1,224,881
Gross carrying value, non-current portion	28,850,348		20,286,011
Finite-Lived License Agreements, Accumulated Amortization, Non-current	(22,096,075)		(13,998,681)
Finite-Lived License Agreements, Impairment Amount, Non-current	(319,218)		0
Net carrying value, non-current portion	¥ 6,435,055	$ 986,215	¥ 6,287,330

Licensed Copyrights, Net - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Finite Lived License Agreements [Line Items]
Acquisition of licensed copyrights included incurrent liabilities			¥ 5,486,374	¥ 6,336,656
Acquisition of licensed copyrights from nonmonetary content exchanges			967,536	642,262
Licensed Copyrights
Finite Lived License Agreements [Line Items]
Amortization expense	¥ 11,473,222	$ 1,758,348	¥ 12,743,323	¥ 12,055,624

Licensed Copyrights, Net -Summary of Estimated Amortization Expense Relating to Licensed Copyrights (Details) - Dec. 31, 2020 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Estimated amortization expense
Within 1 year	¥ 3,681,159	$ 564,162
Between 1 and 2 years	1,351,417	207,114
Between 2 and 3 years	¥ 804,217	$ 123,252

Intangible Assets, Net - Summary of Finite-Lived Intangible Assets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Finite Lived Intangible Assets [Line Items]
Gross carrying value	¥ 2,155,957		¥ 2,127,848
Accumulated amortization and impairment	(1,543,543)		(1,386,190)
Net carrying value	612,414	$ 93,857	741,658
Intellectual Property Rights
Finite Lived Intangible Assets [Line Items]
Gross carrying value	473,360		479,276
Accumulated amortization and impairment	(190,057)		(190,086)
Net carrying value	283,303	43,418	289,190
Traffic Acquisition Agreement
Finite Lived Intangible Assets [Line Items]
Gross carrying value	546,150		546,150
Accumulated amortization and impairment	(546,150)		(546,150)
Net carrying value	0	0	0
Published Mobile Games
Finite Lived Intangible Assets [Line Items]
Gross carrying value	499,880		457,753
Accumulated amortization and impairment	(462,852)		(316,671)
Net carrying value	37,028	5,675	141,082
Trademarks
Finite Lived Intangible Assets [Line Items]
Gross carrying value	165,281		204,563
Accumulated amortization and impairment	(110,854)		(143,620)
Net carrying value	54,427	8,341	60,943
User List
Finite Lived Intangible Assets [Line Items]
Gross carrying value			3,396
Accumulated amortization and impairment			(849)
Net carrying value			2,547
Online Literature
Finite Lived Intangible Assets [Line Items]
Gross carrying value	151,168		162,610
Accumulated amortization and impairment	(53,645)		(40,014)
Net carrying value	97,523	14,946	122,596
Domain Names
Finite Lived Intangible Assets [Line Items]
Gross carrying value	186,650		140,631
Accumulated amortization and impairment	(108,671)		(99,145)
Net carrying value	77,979	11,951	41,486
Technology
Finite Lived Intangible Assets [Line Items]
Gross carrying value	101,730		101,730
Accumulated amortization and impairment	(49,996)		(29,650)
Net carrying value	51,734	7,929	72,080
Others
Finite Lived Intangible Assets [Line Items]
Gross carrying value	31,738		31,739
Accumulated amortization and impairment	(21,318)		(20,005)
Net carrying value	¥ 10,420	$ 1,597	¥ 11,734

Intangible Assets, Net - Summary of Intangible Assets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Finite and Indefinite Lived Intangible Assets [Abstract]
Finite-lived intangible assets	¥ 612,414	$ 93,857	¥ 741,658
Indefinite-lived intangible assets	14,784	2,265	72,302
Total	¥ 627,198	$ 96,122	¥ 813,960

Intangible Assets, Net - Summary of Finite-Lived Intangible Assets (Parenthetical) (Details)
¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands

1 Months Ended

12 Months Ended

Jul. 17, 2018

CNY (¥)

Feb. 28, 2018

CNY (¥)

Dec. 31, 2020

CNY (¥)

¥ / shares

Dec. 31, 2020

USD ($)

$ / shares

Dec. 31, 2019

CNY (¥)

¥ / shares

Dec. 31, 2018

CNY (¥)

¥ / shares

Dec. 31, 2020

USD ($)

Amortization of intangible assets

¥ 479,497

Net loss

¥ 7,007,153

$ 1,073,892

10,276,739

¥ 9,061,231

Finite-lived intangibles and Indefinite-lived intangible assets

627,198

813,960

$ 96,122

Indefinite-lived intangible assets

¥ 14,784

72,302

$ 2,265

Mobile games in development

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Useful Lives of Acquired Set of Assets Unchanged

^[1]

¥ 240,000

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Amortization of intangible assets

159,538

Net loss

¥ 9,956,780

Class A and Class B ordinary share

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Net loss per share | (per share)

¥ 1.36

$ 0.21

¥ 2.02

¥ 2.43

Class A and Class B ordinary share | Useful Lives of Acquired Set of Assets Unchanged

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Net loss per share | ¥ / shares

¥ 1.96

Purchase Agreement | Class B Ordinary Shares

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Stock issued during period, shares | shares

36,860,691

Traffic Acquisition Agreement, Trademarks and Non-compete

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Traffic Acquisition Agreement

¥ 599,150

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Traffic Acquisition Agreement | Maximum

4 years

1 year 8 months 19 days

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Traffic Acquisition Agreement | Minimum

2 years

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

1 year

Non-compete

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

4 years

Trademarks

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

2 years

Trademarks | Maximum

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

22 years

Trademarks | Minimum

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

10 years

Published Mobile Games

Published Mobile Games | Maximum

366,000

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Published Mobile Games | Minimum

4 years

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

2 years

Skymoons

Finite-lived intangibles and Indefinite-lived intangible assets

707,000

Skymoons | Mobile games in development

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Impairment charges on intangible assets

¥ 240,000

¥ 99,096

Skymoons | Mobile games in development | Maximum

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

Skymoons | Published Mobile Games

4 years

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

¥ 366,000

Finite-lived Intangibles and Indefinite-Lived Intangible Assets [Line Items]

2 years

Skymoons | Technology

¥ 101,000

5 years

[1]	Mobile games in development are those that are not completed as of the acquisition date and have no alternative future use. The Group considers its mobile games in development to be in-process research and development (“IPR&D”).

Intangible Assets, Net - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortization of intangible assets			¥ 479,497
Intangible Assets Excluding Licensed Copyrights
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortization of intangible assets	¥ 302,188	$ 46,312	873,664	¥ 346,672
Impairment charges on intangible assets	¥ 15,391	$ 2,359	¥ 99,096	¥ 0

Intangible Assets, Net - Summary of Estimated Amortization Expense Relating to Existing Intangible Assets (Details) - Dec. 31, 2020 - Intangible Assets Excluding Licensed Copyrights ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Finite Lived Intangible Assets [Line Items]
Within 1 year	¥ 150,419	$ 23,053
Between 1 and 2 years	131,667	20,179
Between 2 and 3 years	88,014	13,489
Between 3 and 4 years	66,654	10,215
Between 4 and 5 years	¥ 60,401	$ 9,257

Produced Content, Net - Components of Produced Content, Net (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Film Costs [Abstract]
Released, less amortization			¥ 891,574
In production			3,074,946
In development			388,701
Produced content, net			4,355,221
Released, less amortization and impairment
Predominantly monetized with other contents	¥ 1,857,095	$ 284,612
Predominantly monetized on its own	78,023	11,958
Predominantly monetized with other contents and on its own, Released	1,935,118	296,570
In production, less impairment
Predominantly monetized with other contents	3,741,973	573,482
Predominantly monetized on its own	82,088	12,581
Predominantly monetized with other contents and on its own, Production	3,824,061	586,063
In development, less impairment
Predominantly monetized with other contents	666,087	102,082
Predominantly monetized on its own	130,818	20,049
Predominantly monetized with other contents and on its own, Development	796,905	122,131
Film monetized on its own and film monetized in film group costs	¥ 6,556,084	$ 1,004,764	¥ 4,355,221

Produced Content, Net - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Cost of Revenue
Produced Content Net [Line Items]
Amortization expense for produced content predominantly monetized with other content assets	¥ 3,023,628	$ 463,391
Amortization expense for produced content predominantly monetized on its own	¥ 1,095,325	$ 167,866
Produced Content, Net
Produced Content Net [Line Items]
Amortization expense			¥ 2,977,181	¥ 2,265,543

Produced Content, Net - Estimated Amortization Expense Relating to Existing Produced Content (Details) - Dec. 31, 2020 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Film Cost Disclosures [Abstract]
Within 1 year	¥ 826,792	$ 126,711
Between 1 and 2 years	296,293	45,409
Between 2 and 3 years	¥ 197,041	$ 30,198

Goodwill - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2013 CNY (¥)	Dec. 31, 2012 CNY (¥)	Dec. 31, 2020 USD ($)	Jul. 17, 2018 CNY (¥)
Goodwill [Line Items]
Goodwill, acquired			¥ 612,239
Goodwill	¥ 3,888,346	¥ 3,888,346				$ 595,915	¥ 588,857
Goodwill, impairment loss	¥ 0	¥ 0
Shanghai Zhong Yuan Network Co., Ltd. ("Shanghai Zhong Yuan")
Goodwill [Line Items]
Goodwill, acquired				¥ 1,800,750
Baidu
Goodwill [Line Items]
Goodwill push down accounting adjustments					¥ 1,475,357

Fixed Assets, Net - Components of Fixed Assets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	¥ 3,228,327	$ 494,763	¥ 3,306,205
Less: Accumulated depreciation	(1,860,149)	(285,080)	(1,632,225)
Construction in progress	25,289	3,875	80,387
Property, plant and equipment, net	1,393,467	213,558	1,754,367
Computer Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,343,061	359,090	2,436,926
Office Building
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	588,685	90,220	588,685
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	141,065	21,619	129,010
Office Furniture and Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	135,759	20,806	132,693
Others
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	¥ 19,757	$ 3,028	¥ 18,891

Fixed Assets, Net - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Property Plant And Equipment [Abstract]
Asset impairment charges	¥ 95,111	$ 14,576	¥ 0	¥ 0
Depreciation expense	¥ 480,396	$ 73,624	¥ 476,068	¥ 312,138

Leases - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Lessee Disclosure [Abstract]
Operating lease's weighted average remaining lease term	8 years 7 months 6 days	8 years 7 months 6 days	9 years 9 months 18 days
Operating lease's weighted average discount rate	5.46%	5.46%	5.42%
Finance lease's weighted average remaining lease term	2 years	2 years	3 years
Finance lease's weighted average discount rate	5.50%	5.50%	5.50%
Interest expense for finance lease	¥ 4,251	$ 651	¥ 0
Capitalized lease cost	¥ 0	$ 0	¥ 0

Leases - Schedule of Finance Lease (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Finance lease
Computer equipment	¥ 40,882	$ 6,265	¥ 20,334
Accumulated depreciation	(11,434)	(1,752)	(1,212)
Computer equipment, net	29,448	4,513	19,122
Finance lease liabilities, current portion	17,767	2,723	6,684
Finance lease liabilities	11,513	1,764	10,348
Total finance lease liabilities	¥ 29,280	$ 4,487	¥ 17,032

Leases - Summary of Components of Lease Cost (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Lessee Disclosure [Abstract]
Operating lease costs	¥ 173,815	$ 26,638	¥ 183,578
Finance lease costs
Amortization of ROU assets	25,010	3,833	579
Interest on lease liabilities	4,251	651	0
Total finance lease costs	¥ 29,261	$ 4,484	¥ 579

Leases - Summary of Components of Lease Cost (Parenthetical) (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Lessee Disclosure [Abstract]
Short-term lease cost	¥ 451	$ 69	¥ 357

Leases - Summary of Cash Paid for Amounts Included in Measurement of Lease Liabilities (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Lessee Disclosure [Abstract]
Operating cash payments for operating leases	¥ 208,493	$ 31,953	¥ 208,560
Operating cash payments for finance leases	662	101	0
Financing cash payments for finance leases	¥ 9,020	$ 1,382	¥ 397	¥ 0

Leases - Schedule of ROU Assets Obtained in Exchange for Lease Obligation (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Lessee Disclosure [Abstract]
Operating leases	¥ 359,168	$ 55,045	¥ 323,242
Finance leases	¥ 15,208	$ 2,331	¥ 18,950

Leases - Summary of Future Lease Payments under Lease Liabilities (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Lessee Disclosure [Abstract]
Operating Lease, 2021	¥ 206,475	$ 31,644
Operating Lease, 2022	200,204	30,683
Operating Lease, 2023	145,255	22,261
Operating Lease, 2024	78,449	12,023
Operating Lease, 2025	74,624	11,437
Operating Lease, Thereafter	526,434	80,678
Operating Lease, Total future lease payments	1,231,441	188,726
Operating Lease, Less: Imputed interest	(262,458)	(40,223)
Operating Lease, Total lease liability balance	968,983	148,503
Finance Lease, 2021	14,052	2,154
Finance Lease, 2022	14,052	2,154
Finance Lease, 2023	3,579	549
Finance Lease, 2024	0	0
Finance Lease, 2025	0	0
Finance Lease, Thereafter	0	0
Finance Lease, Total future lease payments	31,683	4,857
Finance Lease, Less: Imputed interest	(2,403)	(370)
Finance Lease, Total lease liability balance	¥ 29,280	$ 4,487	¥ 17,032

Loans Payable - Additional Information (Details) ¥ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2019 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Short-term loans		¥ 2,965,957		¥ 2,618,170			$ 454,553,000
Debt instrument, collateral description				As of December 31, 2019 and 2020, the repayments of primarily all of the short-term loans are guaranteed by subsidiaries within the Group and either collateralized by an office building of one of the Group’s VIEs with a carrying amount of RMB561,515 and RMB548,474 (US$84,057), respectively, or collateralized by restricted cash balances totaling US$138,572 and US$3,550 (equivalent to RMB23,164), respectively, or collateralized by other receivables totaling nil and US$5,414 (equivalent to RMB35,326), respectively.
Debt instrument, collateralized restricted cash		23,164					3,550,000	$ 138,572,000
Debt instrument, collateralized by other receivables		¥ 35,326					$ 5,414,000	$ 0
Weighted average interest rate		4.30%		4.05%			4.30%	4.05%
Unused line of credit for short-term loans		¥ 830,054		¥ 1,620,520			$ 127,211,000
Debt instrument, face amount		17,953,650		13,577,850			2,751,517,000
Proceeds from long-term loan and borrowings from third party investors, net of issuance costs		0	$ 0	945,749	¥ 453,802
Loans repayable maturing in one year		909,034		736,814			139,316,000
Borrowings from Third-Party Investors \| 2018 Asset-Backed Debt Securities
Debt Instrument [Line Items]
Repayment of debt		¥ 371,058	$ 56,867,000	74,992
Accounts payable factored to financial institution					525,279
Debt securities maturity period description		the asset-back debt securities with maturities in December 2019 and December 2020	the asset-back debt securities with maturities in December 2019 and December 2020
Proceeds from long-term loan and borrowings from third party investors, net of issuance costs					¥ 446,000
Effective interest rate					7.00%
Borrowings from Third-Party Investors \| 2018 Asset-Backed Debt Securities \| Minimum
Debt Instrument [Line Items]
Annual interest rate					5.00%
Borrowings from Third-Party Investors \| 2018 Asset-Backed Debt Securities \| Maximum
Debt Instrument [Line Items]
Annual interest rate					5.50%
Borrowings from Third-Party Investors \| 2019 Asset-Backed Debt Securities
Debt Instrument [Line Items]
Annual interest rate	5.10%
Repayment of debt		¥ 29,921	$ 4,586,000
Accounts payable factored to financial institution	¥ 587,000
Debt securities maturity period description		asset-back debt securities which mature in November 2021	asset-back debt securities which mature in November 2021
Proceeds from long-term loan and borrowings from third party investors, net of issuance costs	¥ 500,000
Effective interest rate	5.97%
Borrowings from Third-Party Investors \| Asset-Backed Debt Securities
Debt Instrument [Line Items]
Outstanding borrowings		¥ 498,252		898,097			76,360,000
Bank of China
Debt Instrument [Line Items]
Debt instrument, collateral description		As of December 31, 2018, 2019 and 2020, the repayment of the loan is guaranteed by a subsidiary of the Group and collateralized by an office building of one of the Group’s VIEs with a carrying amount of RMB561,515 and RMB548,474 (US$84,057), respectively.	As of December 31, 2018, 2019 and 2020, the repayment of the loan is guaranteed by a subsidiary of the Group and collateralized by an office building of one of the Group’s VIEs with a carrying amount of RMB561,515 and RMB548,474 (US$84,057), respectively.
Bank loan maturity period						3 years
Maximum borrowing capacity under credit facility						¥ 299,000
Annual interest rate						4.47%
Repayment of debt		¥ 274,000	$ 41,992,000	¥ 10,000	¥ 10,000
JPMorgan Chase Bank, N.A.
Debt Instrument [Line Items]
Debt instrument, collateral description		As of December 31, 2019 and 2020, the repayment of the loan is collateralized by two-year maturity held-to-maturity debt securities with a stated cost of US$71,000 and US$71,000 (equivalent to RMB463,275), respectively	As of December 31, 2019 and 2020, the repayment of the loan is collateralized by two-year maturity held-to-maturity debt securities with a stated cost of US$71,000 and US$71,000 (equivalent to RMB463,275), respectively
Debt instrument, collateralized asset carrying amount		¥ 463,275					71,000,000	$ 71,000,000
Bank loan maturity period				2 years
Maximum borrowing capacity under credit facility				¥ 800,000
Annual interest rate				3.55%				3.55%
Repayment of debt		34,213	$ 5,243,000	¥ 2,954
Amount borrowed under the commitment of a bank loan				447,949
Structured Payable Arrangements
Debt Instrument [Line Items]
Short-term loans		390,317					59,819,000
Debt instrument, face amount		395,943					60,681,000
Long-term Loan, Current Portion \| Borrowings from Third-Party Investors \| Asset-Backed Debt Securities
Debt Instrument [Line Items]
Loans repayable maturing in one year		498,252					76,360,000
Building \| Bank of China
Debt Instrument [Line Items]
Debt instrument, collateralized asset carrying amount		548,474		561,515			84,057,000
Building \| Short-term Loan
Debt Instrument [Line Items]
Debt instrument, collateralized asset carrying amount		¥ 548,474		¥ 561,515			$ 84,057,000

Loans Payable - Schedule of Aggregate Loan Principal Payments on Long-term Loans and Borrowings (Details) - Dec. 31, 2020 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Debt Disclosure [Abstract]
within 1 year	¥ 910,882	$ 139,599
between 1-2 year	0	0
Thereafter	0	0
Long-term Debt	¥ 910,882	$ 139,599

Convertible Senior Notes - Additional Information (Details) $ / shares in Units, ¥ in Thousands, shares in Millions				12 Months Ended
	Dec. 21, 2020 USD ($) Day $ / shares	Mar. 29, 2019 USD ($) Day $ / shares shares	Dec. 04, 2018 USD ($) Day $ / shares shares	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Debt instrument, face amount				¥ 17,953,650		¥ 13,577,850		$ 2,751,517,000
Cost of capped call recorded as reduction in additional paid-in capital \| ¥						(567,140)	¥ (464,825)
2023 Convertible Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount			$ 750,000,000					$ 750,000,000
Debt instrument, payment terms			The 2023 Notes are senior, unsecured obligations of the Company, and interest is payable semi-annually in cash at a rate of 3.75% per annum on June 1 and December 1 of each year, beginning on June 1, 2019.
Debt instrument, frequency of periodic payment			semi-annually
Annual interest rate			3.75%
Loan agreement expiration date			Dec. 01, 2023
Debt Instrument, repurchase date			Dec. 01, 2021
Percentage of repurchase price is equal to principal amount of convertible notes			100.00%
Effective interest rate				7.04%				7.04%
Net proceeds from issuance of notes			$ 736,700,000
Underwriting discounts and offering expenses			$ 13,300,000
Liability accreted remaining period				11 months 1 day	11 months 1 day
Aggregate schedule of maturities repayment of principal payments due in 2023				¥ 4,896,500				$ 750,400,000
2023 Convertible Senior Notes \| American Depositary Shares
Debt Instrument [Line Items]
Debt instrument, initial conversion rate			37.1830
Debt instrument, conversion basis principle amount			$ 1,000
Debt instrument, initial conversion price \| $ / shares			$ 26.89
Debt instrument, convertible threshold trading days \| Day			20
Debt instrument, convertible threshold consecutive trading days \| Day			30
Debt instrument, convertible threshold percentage			130.00%
Number of business days \| Day			5
Convertible threshold percentage of the product of ADS sale price and conversion rate			98.00%
Purchase price of capped call options			$ 67,500,000
Settlement shares of capped call options \| shares			27.9
Capped call options cap price \| $ / shares			38.42
Cost of capped call recorded as reduction in additional paid-in capital			$ 67,500,000
2023 Convertible Senior Notes \| American Depositary Shares \| Redemption Period
Debt Instrument [Line Items]
Debt instrument, convertible threshold consecutive trading days \| Day			10
2025 Convertible Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount		$ 1,200,000,000						$ 1,200,000,000
Debt instrument, payment terms		The 2025 Notes are senior, unsecured obligations of the Company, and interest is payable semi-annually in cash at a rate of 2.00% per annum on October 1 and April 1 of each year, beginning on October 1, 2019.
Debt instrument, frequency of periodic payment		semi-annually
Annual interest rate		2.00%
Loan agreement expiration date		Apr. 01, 2025
Debt Instrument, repurchase date		Apr. 01, 2023
Percentage of repurchase price is equal to principal amount of convertible notes		100.00%
Effective interest rate				6.01%				6.01%
Net proceeds from issuance of notes		$ 1,179,000,000.0
Underwriting discounts and offering expenses		$ 21,000,000.0
Liability accreted remaining period				2 years 3 months	2 years 3 months
Aggregate schedule of maturities repayment of principal payments due in 2025				¥ 7,834,300				$ 1,200,700,000
2025 Convertible Senior Notes \| American Depositary Shares
Debt Instrument [Line Items]
Debt instrument, initial conversion rate		33.0003
Debt instrument, conversion basis principle amount		$ 1,000
Debt instrument, initial conversion price \| $ / shares		$ 30.30
Debt instrument, convertible threshold trading days \| Day		20
Debt instrument, convertible threshold consecutive trading days \| Day		30
Debt instrument, convertible threshold percentage		130.00%
Number of business days \| Day		5
Convertible threshold percentage of the product of ADS sale price and conversion rate		98.00%
Purchase price of capped call options		$ 84,500,000
Settlement shares of capped call options \| shares		39.6
Capped call options cap price \| $ / shares		40.02
Cost of capped call recorded as reduction in additional paid-in capital		$ 84,500,000
2025 Convertible Senior Notes \| American Depositary Shares \| Redemption Period
Debt Instrument [Line Items]
Debt instrument, convertible threshold consecutive trading days \| Day		10
2026 Convertible Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 800,000,000							$ 800,000,000
Debt instrument, payment terms	The 2026 Notes are senior, unsecured obligations of the Company, and interest is payable semi-annually in cash at a rate of 4.00% per annum on June 15 and December 15 of each year, beginning on June 15, 2021.
Debt instrument, frequency of periodic payment	semi-annually
Annual interest rate	4.00%
Loan agreement expiration date	Dec. 15, 2026
Debt Instrument, repurchase date	Aug. 01, 2024
Percentage of repurchase price is equal to principal amount of convertible notes	100.00%
Additional debt principal amount offered	$ 100,000,000
Effective interest rate				6.94%				6.94%
Net proceeds from issuance of notes	786,000,000.0			¥ 5,150,888
Underwriting discounts and offering expenses	$ 14,000,000.0			¥ 91,690
Liability accreted remaining period				3 years 7 months 2 days	3 years 7 months 2 days
Aggregate schedule of maturities repayment of principal payments due in 2026				¥ 5,222,900				$ 800,400,000
2026 Convertible Senior Notes \| American Depositary Shares
Debt Instrument [Line Items]
Debt instrument, initial conversion rate	44.8179
Debt instrument, conversion basis principle amount	$ 1,000
Debt instrument, initial conversion price \| $ / shares	$ 22.31
Debt instrument, convertible threshold trading days \| Day	20
Debt instrument, convertible threshold consecutive trading days \| Day	30
Debt instrument, convertible threshold percentage	130.00%
Number of business days \| Day	5
Convertible threshold percentage of the product of ADS sale price and conversion rate	98.00%
2026 Convertible Senior Notes \| American Depositary Shares \| Redemption Period
Debt Instrument [Line Items]
Debt instrument, convertible threshold consecutive trading days \| Day	10
2023 Notes, 2025 Notes and 2026 Notes
Debt Instrument [Line Items]
Interest cost recognized				¥ 799,200	$ 122,500,000	¥ 669,800	¥ 23,900

Convertible Senior Notes - Schedule of Carrying Amount of Notes (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Liability component:
Principal	¥ 17,953,650	$ 2,751,517	¥ 13,577,850
Less: unamortized debt discount	1,274,874	195,383	1,280,982
Net carrying amount	16,678,776	2,556,134	12,296,868
Equity component:
Carrying amount	¥ 1,744,219	$ 267,313	¥ 1,349,262

Income Taxes - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
Income Taxes [Line Items]
Dividend withholding tax	¥ 0
High And New Technology Enterprise
Income Taxes [Line Items]
Extended period for tax losses carried forward to offset future taxable income	10 years
Cayman Islands
Income Taxes [Line Items]
Withholding taxes	¥ 0
Hong Kong
Income Taxes [Line Items]
Withholding taxes	¥ 0
Statutory income tax rate	16.50%
Singapore
Income Taxes [Line Items]
Withholding taxes	¥ 0
Statutory income tax rate	17.00%
Preferential income tax rate	10.00%
Preferential income tax rate exemption period	5 years
Income tax preferential period commencing date	Sep. 15, 2020
China
Income Taxes [Line Items]
Statutory income tax rate	25.00%
Percentage of withholding tax	10.00%
Period for tax losses carried forward to offset future taxable income	5 years
Uncertain tax positions, interest and penalties	¥ 0	¥ 0	¥ 0
China \| Other Subsidiaries and Consolidated VIEs and VIE's Subsidiaries
Income Taxes [Line Items]
Statutory income tax rate	25.00%
China \| PRC Subsidiaries \| Earliest Tax Year
Income Taxes [Line Items]
Tax years remain open to examination by respective taxing jurisdictions	2015
China \| PRC Subsidiaries \| Latest Tax Year
Income Taxes [Line Items]
Tax years remain open to examination by respective taxing jurisdictions	2020
China \| PRC Subsidiaries \| Maximum
Income Taxes [Line Items]
Time period that tax authorities could conduct examinations of entity's tax filings	5 years
China \| High And New Technology Enterprise
Income Taxes [Line Items]
Preferential income tax rate	15.00%
Preferential income tax rate exemption period	3 years
China \| High And New Technology Enterprise \| Beijing QIYI Century, Shanghai Zhong Yuan and Beijing iQIYI
Income Taxes [Line Items]
Preferential income tax rate	15.00%
Income tax holiday expiration year	2021 or 2022
China \| Software Enterprise
Income Taxes [Line Items]
Preferential income tax rate	12.50%
Preferential income tax rate exemption period	2 years
Period of reduced preferential income tax rate	3 years
China \| Software Enterprise \| Chengdu Skymoons Interactive Network Game Co.,Ltd
Income Taxes [Line Items]
Preferential income tax exemption start year	2017
China, Hong Kong and Singapore
Income Taxes [Line Items]
Tax losses	¥ 6,529,485,000	¥ 4,641,219,000		$ 1,000,687

Income Taxes - Summary of Loss Before Income Taxes (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Income Tax Disclosure [Abstract]
Non-PRC	¥ (1,130,036)	$ (173,186)	¥ (1,243,926)	¥ (670,529)
PRC	(5,853,841)	(897,139)	(8,980,961)	(8,311,901)
Loss before income taxes	¥ (6,983,877)	$ (1,070,325)	¥ (10,224,887)	¥ (8,982,430)

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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Income Taxes - Components of Income Tax Expense (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Income Tax Disclosure [Abstract]
Current income tax expense	¥ 65,255	$ 10,001	¥ 129,164	¥ 123,887
Deferred income tax benefit	(41,979)	(6,434)	(77,312)	(45,086)
Income tax expense	¥ 23,276	$ 3,567	¥ 51,852	¥ 78,801

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Income Taxes - Summary of Reconciliation of Tax Expense Computed by Applying Statutory Income Tax Rate to Pre-Tax Loss (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Income Tax Disclosure [Abstract]
Income tax benefit at PRC statutory rate	¥ (1,745,969)	$ (267,581)	¥ (2,556,222)	¥ (2,245,608)
Effect of differing tax rates in different jurisdictions	291,884	44,733	293,976	172,111
Non-deductible expenses	516,236	79,117	436,312	380,327
Research and development super-deduction	(159,919)	(24,509)	(66,026)	(40,466)
Effect of PRC preferential tax rates and tax holiday	243,964	37,389	707,518	709,165
Other adjustments	57,018	8,738	104,484	(51,451)
Change in valuation allowance	820,062	125,680	1,131,810	1,154,723
Income tax expense	¥ 23,276	$ 3,567	¥ 51,852	¥ 78,801

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Income Taxes - Summary of Tax Effects of Temporary Differences to Deferred Tax Balances (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Deferred tax assets:
Accrued expenses and others	¥ 117,387	$ 17,990	¥ 83,324
Bad debt provision	104,458	16,009	32,654
Net operating losses carried forward	1,078,698	165,318	801,430
Recorded cost relating to capitalized assets	3,363,003	515,403	2,943,758
Fixed assets depreciation	18,651	2,858	17,967
Valuation allowance	(4,571,917)	(700,677)	(3,751,855)
Deferred tax assets, net	110,280	16,901	127,278
Deferred tax liabilities:
Long-lived assets arising from acquisitions	¥ 63,521	$ 9,735	¥ 122,498

Income Taxes - Classification of Consolidated Balance Sheets on Deferred Tax Balances (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Classification in the consolidated balance sheets:
Deferred tax assets, net	¥ 51,347	$ 7,869	¥ 34,916
Deferred tax liabilities	¥ 4,588	$ 703	¥ 30,136

Employee Defined Combination Plan - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Compensation And Retirement Disclosure [Abstract]
Amounts incurred for employee defined contribution plan	¥ 490,245	$ 75,133	¥ 660,414	¥ 544,965

Commitments and Contingencies - Schedule of Future Minimum Payments Under Non-Cancelable Agreements for Property Management Fees (Details) - Dec. 31, 2020 - Property Management Fees ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Commitments And Contingencies Disclosure [Line Items]
2021	¥ 24,174	$ 3,705
2022	25,277	3,874
2023	19,100	2,927
2024	6,050	927
2025 and thereafter	35,758	5,480
Future minimum payments under non-cancelable agreements	¥ 110,359	$ 16,913

Commitments and Contingencies - Schedule of Future Minimum Payments Under Non-Cancelable Agreements for Licensed Copyrights (Details) - Dec. 31, 2020 - Licensed Copyrights and Produced Content ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Long Term Purchase Commitment [Line Items]
2021	¥ 10,480,422	$ 1,606,195
2022	6,239,361	956,224
2023	3,420,784	524,258
2024	1,285,650	197,034
2025 and thereafter	344,714	52,830
Future minimum payments under non-cancelable agreements	¥ 21,770,931	$ 3,336,541

Commitments and Contingencies - Additional Information (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Commitments And Contingencies Disclosure [Abstract]
Accrued expenses	¥ 32,704	$ 5,012	¥ 43,571
Recognized losses	¥ 4,489	$ 668	¥ 37,461	¥ 16,259

Redeemable Noncontrolling Interests - Additional Information (Details) - CNY (¥) ¥ in Thousands		12 Months Ended
	Oct. 31, 2019	Dec. 31, 2019
Redeemable Noncontrolling Interest [Line Items]
Preferred shares financing from third-party preferred shareholders		¥ 100,000
Variable Interest Entities
Redeemable Noncontrolling Interest [Line Items]
Preferred shares financing from third-party preferred shareholders	¥ 100,000

Redeemable Noncontrolling Interests - Schedule of Movement in Carrying Value of Redeemable Noncontrolling Interests (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Temporary Equity Disclosure [Abstract]
Balance	¥ 101,542	$ 15,562
Issuance of subsidiary shares			¥ 100,000
Accretion of redeemable noncontrolling interests	7,087	1,086	1,542	¥ 0
Balance	¥ 108,629	$ 16,648	¥ 101,542

Ordinary Shares - Additional Information (Details)		12 Months Ended
Ordinary Shares - Additional Information (Details)	Apr. 03, 2018 Vote $ / shares shares	Dec. 31, 2020 $ / shares shares	Jan. 08, 2021 shares	Dec. 21, 2020 shares	Aug. 14, 2020 shares	Dec. 31, 2019 $ / shares shares	Aug. 19, 2019 shares	Sep. 24, 2018 shares	Apr. 30, 2018 shares	Apr. 12, 2018 shares	Feb. 02, 2018 shares
Class Of Stock [Line Items]
Common stock, shares authorized	100,000,000,000
Common stock, capital shares reserved for future issuance	1,000,000,000
Common stock, par value per share \| $ / shares	$ 0.00001
Common stock conversion basis		Each share of Class A ordinary shares is entitled to one vote per share and is not convertible into Class B ordinary shares under any circumstances. Each share of Class B ordinary shares is entitled to ten votes per share and is convertible into one Class A ordinary share at any time by the holder thereof.
Preferred stock shares issued		0				0
Preferred stock shares outstanding		0				0
Class A Ordinary Shares
Class Of Stock [Line Items]
Common stock, shares issued		2,900,519,681				2,603,890,438
Number of shares converted into common stock	1,231,841,032
Common stock, shares authorized	94,000,000,000	94,000,000,000				94,000,000,000
Common stock, par value per share \| $ / shares		$ 0.00001				$ 0.00001
Number of voting rights entitlement per ordinary shares \| Vote	1
Common stock, shares outstanding		2,609,809,545				2,259,125,125
Class A Ordinary Shares \| 2010 Plan and 2017 Plan
Class Of Stock [Line Items]
Common stock, capital shares reserved for future issuance								399,083,573
Common stock, shares deemed issued but not outstanding		275,829,374
Class A Ordinary Shares \| IPO
Class Of Stock [Line Items]
Common stock, shares issued	875,000,000
ADS equivalent	125,000,000
Class A Ordinary Shares \| Over-Allotment Option
Class Of Stock [Line Items]
Common stock, shares issued									67,525,675
ADS equivalent									9,646,525
Class A Ordinary Shares \| Over-Allotment Option \| Subsequent Event
Class Of Stock [Line Items]
Common stock, shares issued			32,163,292
ADS equivalent			4,594,756
Class A Ordinary Shares \| Follow-on Offering
Class Of Stock [Line Items]
Common stock, shares issued				280,000,000
ADS equivalent				40,000,000
Class B Ordinary Shares
Class Of Stock [Line Items]
Common stock, shares issued		2,876,391,396				2,876,391,396				36,860,691
Number of shares converted into common stock	2,496,982,468
Common stock, shares authorized	5,000,000,000	5,000,000,000				5,000,000,000
Common stock, par value per share \| $ / shares		$ 0.00001				$ 0.00001
Number of voting rights entitlement per ordinary shares \| Vote	10
Common stock, shares outstanding		2,876,391,396				2,876,391,396
Class A Restricted Ordinary Shares
Class Of Stock [Line Items]
Common stock, shares issued					10,917,811		11,888,853
Common stock, shares issued but not outstanding		14,880,762
Cannes Ventures Limited
Class Of Stock [Line Items]
Common stock, shares issued											7,500,251

Profit Appropriation and Restricted Net Assets - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Profit Appropriation and Restricted Net Assets [Line Items]
Allocation of after-tax profits to statutory surplus fund, percentage	10.00%
Limit of statutory surplus fund as a percentage of registered capital, after which allocations to statutory surplus fund are no longer required	50.00%
Variable Interest Entities
Profit Appropriation and Restricted Net Assets [Line Items]
General reserve fund of after-tax profits percentage	10.00%
Statutory reserves	¥ 31,494	$ 4,827	¥ 23,073
Amounts of restricted paid-in capital and reserve funds of PRC subsidiaries and net assets of VIEs	¥ 19,339,513	$ 2,963,910

Loss Per Share - Additional Information (Details)	Apr. 03, 2018 shares
Class A Ordinary Shares
Class Of Stock [Line Items]
Conversion of redeemable convertible preferred shares, ordinary shares issued	1,231,841,032
Class B Ordinary Shares
Class Of Stock [Line Items]
Conversion of redeemable convertible preferred shares, ordinary shares issued	2,496,982,468

Loss Per Share - Schedule of Basic and Diluted Loss Per Share (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥) ¥ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 CNY (¥) ¥ / shares shares	Dec. 31, 2018 CNY (¥) ¥ / shares shares
Numerator:
Net loss attributable to iQIYI, Inc.	¥ (7,038,361)	$ (1,078,675)	¥ (10,323,329)	¥ (9,109,776)
Accretion of redeemable noncontrolling interests	(7,087)	(1,086)	(1,542)	0
Accretion of redeemable convertible preferred shares	0	0	0	(298,990)
Net loss attributable to iQIYI, Inc.'s ordinary shareholders	(7,045,448)	(1,079,761)	(10,324,871)	(9,408,766)
Class A Ordinary Shares
Numerator:
Net loss attributable to iQIYI, Inc.	(3,127,160)	(479,257)	(4,506,557)	(3,841,616)
Accretion of redeemable noncontrolling interests	(3,149)	(482)	(673)
Accretion of redeemable convertible preferred shares \| ¥				(126,085)
Net loss attributable to iQIYI, Inc.'s ordinary shareholders	¥ (3,130,309)	$ (479,739)	¥ (4,507,230)	¥ (3,967,701)
Denominator:
Weighted average number of ordinary shares outstanding, basic	2,299,788,661	2,299,788,661	2,228,491,004	1,631,116,600
Weighted average number of ordinary shares outstanding, diluted	2,299,788,661	2,299,788,661	2,228,491,004	1,631,116,600
Net loss per share, basic \| (per share)	¥ (1.36)	$ (0.21)	¥ (2.02)	¥ (2.43)
Net loss per share, diluted \| (per share)	¥ (1.36)	$ (0.21)	¥ (2.02)	¥ (2.43)
Class B Ordinary Shares
Numerator:
Net loss attributable to iQIYI, Inc.	¥ (3,911,201)	$ (599,418)	¥ (5,816,772)	¥ (5,268,160)
Accretion of redeemable noncontrolling interests	(3,938)	(604)	(869)
Accretion of redeemable convertible preferred shares \| ¥				(172,905)
Net loss attributable to iQIYI, Inc.'s ordinary shareholders	¥ (3,915,139)	$ (600,022)	¥ (5,817,641)	¥ (5,441,065)
Denominator:
Weighted average number of ordinary shares outstanding, basic	2,876,391,396	2,876,391,396	2,876,391,396	2,236,815,186
Weighted average number of ordinary shares outstanding, diluted	2,876,391,396	2,876,391,396	2,876,391,396	2,236,815,186
Net loss per share, basic \| (per share)	¥ (1.36)	$ (0.21)	¥ (2.02)	¥ (2.43)
Net loss per share, diluted \| (per share)	¥ (1.36)	$ (0.21)	¥ (2.02)	¥ (2.43)

Share-Based Compensation - Additional Information (Details) $ / shares in Units, ¥ in Thousands, $ in Thousands		1 Months Ended	12 Months Ended
	Nov. 30, 2017 shares	Dec. 31, 2017 shares	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 $ / shares	Dec. 31, 2018 CNY (¥)	Dec. 31, 2018 $ / shares	Dec. 31, 2020 USD ($) shares	Oct. 18, 2010 shares
2010 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized for issuance			589,729,714						589,729,714	58,875,478
Plan expiration term			10 years	10 years
Plan extended expiration term			20 years	20 years
Vested options expiration term			90 days	90 days
Shares granted during the period			88,611,584	88,611,584
2010 Plan \| Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares vesting term			4 years	4 years
Unrecognized compensation cost			¥ 2,205,351						$ 337,985
A weighted-average vesting period over which unrecognized compensation cost is expected to be recognized			2 years 8 months 4 days	2 years 8 months 4 days
Weighted-average grant-date fair value of options granted \| $ / shares				$ 2.37		$ 2.83		$ 2.19
Total fair value of options vested during period			¥ 1,222,571	$ 187,367	¥ 832,594		¥ 267,599
Intrinsic value of options exercised			¥ 888,668	$ 136,194	1,055,675		282,212
2010 Plan \| Vesting on First Anniversary \| Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting percentage			25.00%	25.00%
2010 Plan \| Vesting on Quarterly Basis Thereafter \| Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting percentage			75.00%	75.00%
2017 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Plan expiration term	10 years
Number of shares authorized to grant	720,000
2017 Plan \| Restricted Share Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares vesting term			4 years	4 years
Unrecognized compensation cost			¥ 581						$ 89
A weighted-average vesting period over which unrecognized compensation cost is expected to be recognized			11 months 15 days	11 months 15 days
Total fair value of options vested during period			¥ 611	$ 94	¥ 175		¥ 455
Shares granted during the period		720,000
Weighted average grant date fair value \| $ / shares				$ 0		$ 0		$ 0
2017 Plan \| Vesting on First Anniversary \| Restricted Share Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting percentage			25.00%	25.00%

Share-Based Compensation - Summary of Option Activity (Details) - 2010 Plan $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($) $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options Outstanding, Beginning balance \| shares	406,912,618
Options Outstanding, Granted \| shares	88,611,584
Options Outstanding, Forfeited/Expired \| shares	(12,111,374)
Options Outstanding, Exercised \| shares	(62,714,554)
Options Outstanding, Ending balance \| shares	420,698,274
Options Outstanding, Vested and expected to vest \| shares	401,055,919
Options Outstanding, Exercisable \| shares	245,054,484
Weighted Average Exercise Price, Beginning balance \| $ / shares	$ 0.48
Weighted Average Exercise Price, Granted \| $ / shares	0.51
Weighted Average Exercise Price, Forfeited/Expired \| $ / shares	0.51
Weighted Average Exercise Price, Exercised \| $ / shares	0.44
Weighted Average Exercise Price, Ending balance \| $ / shares	0.49
Weighted Average Exercise Price, Vested and expected to vest \| $ / shares	0.48
Weighted Average Exercise Price, Exercisable \| $ / shares	$ 0.47
Weighted Average Remaining Contractual Life, Outstanding	7 years 5 months 1 day
Weighted Average Remaining Contractual Life, Vested and expected to vest	7 years 4 months 2 days
Weighted Average Remaining Contractual Life, Exercisable	6 years 6 months 29 days
Aggregate Intrinsic Value, Outstanding \| $	$ 846,289
Aggregate Intrinsic Value, Vested and expected to vest \| $	807,293
Aggregate Intrinsic Value, Exercisable \| $	$ 497,590

Share-Based Compensation - Schedule of Assumptions Used to Value Share Options Granted to Employees and Non-Employees (Details) - 2010 Plan - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate (%), minimum	0.60%	1.64%	2.86%
Risk-free interest rate (%), maximum	0.78%	2.76%	3.08%
Expected volatility (%), minimum	48.20%	39.60%	41.30%
Expected volatility (%), maximum	50.40%	51.00%	42.10%
Expected dividend yield	0.00%	0.00%	0.00%
Expected exercise multiple		2.3	2.3
Expected exercise multiple, minimum	2.2
Expected exercise multiple, maximum	2.8
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of ordinary shares (US$)	$ 2.60	$ 2.27	$ 2.57
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of ordinary shares (US$)	$ 3.42	$ 3.88	$ 3.84

Share-Based Compensation - Summary of RSU Activity (Details) - 2017 Plan - Restricted Stock	12 Months Ended
	Dec. 31, 2020 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares, Unvested, Beginning balance	165,000
Number of shares, Vested	(44,000)
Number of shares, Forfeited	(77,000)
Number of shares, Unvested, Ending balance	44,000

Share-Based Compensation - Schedule of Share-based Compensation Expense Included in Relevant Financial Statement (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	¥ 1,370,095	$ 209,976	¥ 1,084,520	¥ 556,211
Cost of Revenues
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	201,970	30,953	171,053	83,351
Selling, General and Administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	851,416	130,485	675,278	368,598
Research and Development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Allocated share-based compensation expense	¥ 316,709	$ 48,538	¥ 238,189	¥ 104,262

Related Party Transactions - Schedule of Related Party Transactions with Major Related Parties (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Interest income
Interest income from related party	¥ 1,247	$ 191	¥ 4,856	¥ 2,202
Revenue from related parties including interest income	463,733	71,070	601,609	342,744
Cost of revenues
Cost of revenue to related party	1,111,729	170,380	1,565,850	789,116
Selling, general and administrative
Selling, general and administrative expenses to related party	5,045	773	5,581	11,666
Research and development
Research and development expenses to related party	7,412	1,136	19,486	5,114
Operating costs and expenses to related parties	1,124,186	172,289	1,590,917	805,896
Baidu
Research and development
Research and development expenses to related party	7,412	1,136	19,486	5,114
Others
Cost of revenues
Cost of revenue to related party	90,577	13,882	86,766	52,484
Selling, general and administrative
Selling, general and administrative expenses to related party	2,579	395	3,756	822
Membership services
Related Party Transaction [Line Items]
Revenue from related parties	25,571	3,919	27,247	19,981
Membership services \| Baidu
Related Party Transaction [Line Items]
Revenue from related parties	19,799	3,034	20,886	19,855
Membership services \| Others
Related Party Transaction [Line Items]
Revenue from related parties	5,772	885	6,361	126
Online Advertising Revenues
Related Party Transaction [Line Items]
Revenue from related parties	206,624	31,666	77,126	202,808
Online Advertising Revenues \| Baidu
Related Party Transaction [Line Items]
Revenue from related parties	113,934	17,461	67,452	189,461
Online Advertising Revenues \| Others
Related Party Transaction [Line Items]
Revenue from related parties	92,690	14,205	9,674	13,347
Content distribution
Related Party Transaction [Line Items]
Revenue from related parties	176,227	27,008	443,503	88,457
Other Revenues
Related Party Transaction [Line Items]
Revenue from related parties	54,064	8,286	48,877	29,296
Other Revenues \| Baidu
Related Party Transaction [Line Items]
Revenue from related parties	15,430	2,365	12,343	29,296
Other Revenues \| Others
Related Party Transaction [Line Items]
Revenue from related parties	38,634	5,921	36,534	0
License Fees \| Baidu
Cost of revenues
Cost of revenue to related party	13,691	2,098	23,064	8,923
Bandwidth Fee \| Baidu
Cost of revenues
Cost of revenue to related party	1,007,461	154,400	976,523	601,065
Advertising Services Expense \| Baidu
Selling, general and administrative
Selling, general and administrative expenses to related party	2,466	378	1,825	10,844
Traffic Acquisition and Other Services \| Baidu
Cost of revenues
Cost of revenue to related party	¥ 0	$ 0	¥ 479,497	¥ 126,644

Related Party Transactions - Schedule of Related Party Transactions with Major Related Parties (Parenthetical) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 CNY (¥) shares	Dec. 31, 2018 CNY (¥)	Apr. 12, 2018 shares
Related Party Transaction [Line Items]
Cost of revenue to related party	¥ 1,111,729,000	$ 170,380	¥ 1,565,850,000	¥ 789,116,000
Equity Investee \| Revenue Sharing Arrangement
Related Party Transaction [Line Items]
Related party transaction, description of terms				The Group entered into a revenue sharing arrangement in 2018 to become the exclusive sales agent for an equity investee and provided a minimum guarantee of RMB100,000 of annual sales for a one year period.
Provided minimum guarantee of annual sales for one-year period to related party \| ¥				¥ 100,000,000
Cost of revenue to related party	0	0	67,358,000	32,642,000
Traffic Acquisition and Other Services \| Baidu
Related Party Transaction [Line Items]
Cost of revenue to related party	¥ 0	$ 0	¥ 479,497,000	¥ 126,644,000
Class B Ordinary Shares
Related Party Transaction [Line Items]
Common stock, shares issued	2,876,391,396	2,876,391,396	2,876,391,396		36,860,691
Class B Ordinary Shares \| Traffic Acquisition and Other Services \| Baidu
Related Party Transaction [Line Items]
Common stock, shares issued					36,860,691

Related Party Transactions - Additional Information (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Equity Investee \| Content purchases
Related Party Transaction [Line Items]
Related party transaction, purchases	¥ 1,455,933	$ 223,132	¥ 909,450	¥ 182,897

Related Party Transactions - Schedule of Related Party Balances with Major Related Parties (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Amounts due from related parties, current:
Amounts due from related parties	¥ 96,111	$ 14,730	¥ 211,993
Amounts due from related parties, non-current:
Amounts due from related parties	39,400	6,038	172,200
Amounts due to related parties, current:
Amounts due to related parties	1,778,783	272,610	1,604,258
Amounts due to related parties, non-current:
Amounts due to related parties	977,407	149,794	1,061,883
Baidu
Amounts due from related parties, current:
Amounts due from related parties	38,346	5,877	35,560
Amounts due to related parties, current:
Amounts due to related parties	1,035,659	158,722	1,014,283
Amounts due to related parties, non-current:
Amounts due to related parties	2,138	328	1,570
Baidu \| Loans
Amounts due to related parties, current:
Amounts due to related parties	50,000	7,663	50,000
Amounts due to related parties, non-current:
Amounts due to related parties	650,000	99,617	650,000
Others
Amounts due from related parties, current:
Amounts due from related parties	57,765	8,853	70,499
Amounts due from related parties, non-current:
Amounts due from related parties	39,400	6,038	172,200
Amounts due to related parties, current:
Amounts due to related parties	528,314	80,967	370,298
Amounts due to related parties, non-current:
Amounts due to related parties	42	6	126
Others \| Loans
Amounts due from related parties, current:
Amounts due from related parties	0	0	105,934
Equity Investee \| Deferred Revenue
Amounts due to related parties, current:
Amounts due to related parties	164,810	25,258	169,677
Amounts due to related parties, non-current:
Amounts due to related parties	¥ 325,227	$ 49,843	¥ 410,187

Related Party Transactions - Schedule of Related Party Balances with Major Related Parties (Parenthetical) (Details) ¥ in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2018 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
Related Party Transaction [Line Items]
Amounts due to related parties		¥ 1,778,783		¥ 1,604,258		$ 272,610
Proceeds from loans from related parties		0	$ 0	¥ 0	¥ 650,000
Equity Investee
Related Party Transaction [Line Items]
Annual interest rate				5.00%
Baidu
Related Party Transaction [Line Items]
Amounts due to related parties		¥ 1,035,659		¥ 1,014,283		158,722
Proceeds from loans from related parties	¥ 650,000
Debt instrument maturity, year and month		2023-01	2023-01
Baidu \| Loans
Related Party Transaction [Line Items]
Amounts due to related parties		¥ 50,000		¥ 50,000		$ 7,663

Fair Value Measurements - Schedule of Financial Instruments Measured or Disclosed at Fair Value on a Recurring Basis and Non-Recurring Fair Value Measurements (Details) ¥ in Thousands, $ in Thousands			6 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2020 CNY (¥)	Mar. 31, 2020 USD ($)	Jun. 30, 2020 CNY (¥)	Jun. 30, 2020 USD ($)	Sep. 30, 2020 CNY (¥)	Sep. 30, 2020 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Held-to-maturity debt securities							¥ 463,715				$ 71,067
Long-term investments							3,202,828		¥ 2,982,154		490,855
Long-term investments, Total losses							(73,199)	$ (11,218)	(169,374)	¥ 0
Intangible assets, net							14,784		72,302		2,265
Equity investments without readily determinable fair value							38,100	5,839	7,024	189,639
Equity investments without readily determinable fair value							2,641,845		1,812,810		404,881
Fixed assets, Total Gain/ (Losses)							95,111	14,576	0	¥ 0
Fixed assets, net							1,393,467		1,754,367		213,558
Prepayments and other assets							2,699,423		3,508,476		$ 413,705
Fair Value, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Long-term investments, Total losses			¥ (73,199)	$ (11,218)					(169,374)
Intangible assets, net, Total losses					¥ (15,391)	$ (2,359)			(99,096)
Equity investments without readily determinable fair value					38,100	5,839			7,024
Mainland China film group – Licensed copyrights	¥ (390,299)	$ (59,816)
Mainland China film group – Produced content	(209,701)	$ (32,138)
Produced content monetized on its own							(205,462)	$ (31,488)
Fixed assets, Total Gain/ (Losses)					(95,111)	(14,576)
Prepayments and other assets, Total Gain/ (Losses)					(48,423)	$ (7,421)
Quoted Prices in Active Market for Identical Assets (Level 1) \| Fair Value Measurements, Recurring \| Cash Equivalents
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Money market fund							197,973		894,899
Quoted Prices in Active Market for Identical Assets (Level 1) \| Long Term Investments \| Fair Value Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity investments at fair value with readily determinable fair value							39,750
Significant Other Observable Inputs (Level 2) \| Fair Value Measurements, Recurring \| Cash Equivalents
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Time deposits							2,520,868		3,646,041
Significant Other Observable Inputs (Level 2) \| Short-term Investments \| Fair Value Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities							1,253,514		890,459
Held-to-maturity debt securities							2,104,660		3,688,854
Significant Other Observable Inputs (Level 2) \| Long Term Investments \| Fair Value Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Held-to-maturity debt securities									490,799
Significant Other Observable Inputs (Level 2) \| Convertible Senior Notes \| Fair Value Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Convertible senior notes									14,142,006
Convertible senior notes, current portion							4,966,667
Convertible senior notes, non-current portion							12,077,775
Significant Unobservable Inputs (Level 3) \| Fair Value, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Long-term investments			¥ 0						0
Intangible assets, net					0				72,302
Equity investments without readily determinable fair value					102,251				44,198
Mainland China film group – Licensed copyrights	7,186,037
Mainland China film group – Produced content	¥ 4,124,114
Produced content monetized on its own							¥ 40,152
Fixed assets, net					0
Prepayments and other assets					¥ 110,000
Significant Unobservable Inputs (Level 3) \| Long Term Investments \| Fair Value Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt security									10,259
Significant Unobservable Inputs (Level 3) \| Prepayment and Other Assets \| Fair Value Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Option to purchase equity interests of a listed company									¥ 14

Fair Value Measurements - Additional Information (Details) ¥ in Thousands, $ in Thousands			12 Months Ended
	Mar. 31, 2020 CNY (¥) LicensedCopyright	Mar. 31, 2020 USD ($) LicensedCopyright	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019
Selling, General and Administrative
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment charge			¥ 143,534	$ 21,998
Licensed Copyrights \| Cost of Revenues
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment charge of licensed copyright and produced content	¥ 390,299	$ 59,816
Produced Content, Net \| Cost of Revenues
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment charge of licensed copyright and produced content	¥ 209,701	$ 32,138
Level 3 \| Cost of Revenues
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment charge of licensed copyright and produced content			¥ 205,462	$ 31,488
Mainland China Film Group \| Level 3 \| Discounted Cash Flow \| Weighted Average Cost of Capital
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value, measurement input	15	15
Maximum \| Mainland China Film Group \| Level 3 \| Discounted Cash Flow \| Costs and Operating Expenses Attributable to Film Group As A Percentage of Revenue
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value, measurement input	37	37
Maximum \| Short-term Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Short-term debt investments maturity			1 year	1 year	1 year
Minimum \| Mainland China Film Group \| Level 3 \| Discounted Cash Flow \| Costs and Operating Expenses Attributable to Film Group As A Percentage of Revenue
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value, measurement input	32	32

Accumulated Other Comprehensive Income - Changes in Accumulated Other Comprehensive Income by Component, Net of Tax (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Accumulated Other Comprehensive Income Loss [Line Items]
Balances	¥ 9,613,390		¥ 18,155,563	¥ (14,319,064)
Other comprehensive income before reclassification	447,568		238,312	1,845,888
Amounts reclassified from accumulated other comprehensive income	(14,169)		(9,635)	(59,024)
Total other comprehensive income, net of tax	433,399	$ 66,421	228,677	1,786,864
Other comprehensive (income)/loss attributable to noncontrolling interests	2,563		(1,905)	(44)
Balances	9,335,669	1,430,754	9,613,390	18,155,563
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Balances	2,106,219		1,879,171	91,618
Other comprehensive income before reclassification	433,497		228,974	1,787,553
Amounts reclassified from accumulated other comprehensive income	0		0	0
Total other comprehensive income, net of tax	433,497		228,974	1,787,553
Other comprehensive (income)/loss attributable to noncontrolling interests	2,571		(1,926)	0
Balances	2,542,287	389,623	2,106,219	1,879,171
Unrealized Gain on Available-for-Sale Debt Securities
Accumulated Other Comprehensive Income Loss [Line Items]
Balances	499		775	1,508
Other comprehensive income before reclassification	14,071		9,338	58,335
Amounts reclassified from accumulated other comprehensive income	(14,169)		(9,635)	(59,024)
Total other comprehensive income, net of tax	(98)		(297)	(689)
Other comprehensive (income)/loss attributable to noncontrolling interests	(8)		21	(44)
Balances	393	60	499	775
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Loss [Line Items]
Balances	2,106,718		1,879,946	93,126
Total other comprehensive income, net of tax	435,962		226,772	1,786,820
Balances	¥ 2,542,680	$ 389,683	¥ 2,106,718	¥ 1,879,946

Amount after tax and reclassification adjustments of other comprehensive income (loss).

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (b)
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Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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