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  "documentTitle": "iQIYI, Inc. (IQ)",
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  "notes": "Includes a table of game releases and narrative debunking of CEO claims regarding Skymoons' technical capabilities.",
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      "text": "This appears to be the extent of Skymoons' technical capabilities – if this company is actually worth more than RMB 2 billion, then the world is much richer than we thought.",
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      "text": "A further check of the IP for the of The Croods, 疯狂原始人, revealed that in November 2016, a mobile version of The Croods had already been produced and distributed by Shanghai Oriental Peral Cultural Development company.",
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      "text": "Of these licensed games, management has only publicly commented on “The Croods.” In the prepared remarks of IQ’s 1Q19 earnings call, CEO Gong Yu highlighted the game as an example of Skymoons capabilities.",
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      "text": "Skymoons’ founder, He Yunpeng, is a tech entrepreneur who was an executive at a prior, failed Baidu acquisition. 91 Wireless proved to be a disastrous acquisition.",
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      "kind": "quote",
      "text": "Another more recent example is our game business. Our subsidiary Skymoons launched a 3D turn-based mobile game The Croods...",
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      "text": "Another more recent example is our game business. Our subsidiary Skymoons launched a 3D turn-based mobile game The Croods, which is based on a famous IP licensed from DreamWorks Animation's 2013 popular animated feature film The Croods. The game has performed exceptionally well since it was launched in February, exceeding our expectation. This is another good showcase of our ability to adapt IP into online games. — CEO Gong Yu, IQ Q1 2019 earnings call",
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      "text": "Footnotes 73-77 detailing earnings call, IP history, and Baidu acquisition data.",
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