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  "documentTitle": "iQIYI, Inc. (IQ)",
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  "authorName": "Wolfpack Research",
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  "presentationDate": "2020-04-07 00:00:00",
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  "notes": "Includes a chart showing the stock price volatility of Jinya Tech following their attempted acquisition of Skymoons.",
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      "text": "We believe this transaction was a sham intended to burn off fake revenues and siphon off cash from IQ’s recent Nasdaq listing.",
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      "text": "Our research shows IQ inflates expenses and the purchase prices of assets to burn off fake cash and conceal its revenue inflation.",
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      "text": "The Skymoons Acquisition. In July 2018, IQ paid ~$300 million to acquire Chengdu Skymoons Digital Entertainment (\"Skymoons\"). We believe this transaction was a sham intended to burn off fake revenues and siphon off cash from IQ's recent Nasdaq listing.",
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      "kind": "source-note",
      "text": "58 IQ 6-K, July 18, 2018; 59 Variety; 60 guba.eastmoney.com",
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      "kind": "title",
      "text": "3. Inflated Expenses and Prices of Assets Conceal Revenue Inflation",
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