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  "documentTitle": "iQIYI, Inc. (IQ)",
  "authorId": "60_Wolfpack_Research",
  "authorName": "Wolfpack Research",
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  "presentationDate": "2020-04-07 00:00:00",
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  "notes": "The slide highlights a potential circular transaction or inflated pricing scheme between IQ and its partner DDMC.",
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      "text": "IQ inflated the purchase price for at least one program it licensed from Wuhan DDMC (“DDMC”) in 2018.",
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      "text": "Sales Amount: RMB 458.0 million",
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      "text": "IQ inflated the purchase price for at least one program it licensed from Wuhan DDMC (“DDMC”) in 2018. As we discussed earlier in this report, DDMC is the parent company of IQ’s partner in the iQIYI Sports JV...",
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      "text": "Notes: (1) Beijing Qiyi Century: “The Drug Hunter”, “If Time Flows Back”, Online broadcasting rights, Rmb 458.0 million...",
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      "text": "Content Price Inflation",
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