{
  "docId": "019dd923-622c-750b-8b9a-539b4b45e826",
  "docSlug": "9fb9cb7289b2",
  "documentTitle": "iQIYI, Inc. (IQ)",
  "authorId": "60_Wolfpack_Research",
  "authorName": "Wolfpack Research",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-04-07 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 6,
  "pageCount": 37,
  "prevPage": 5,
  "nextPage": 7,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "overcrowded",
  "nDataPoints": 15,
  "notes": "The slide uses a line chart to visualize DAU trends and a table to compare specific growth metrics, directly challenging the subject's reported data.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "data_table",
    "line_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-539b4b45e826/6",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-539b4b45e826",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-539b4b45e826.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-539b4b45e826#slide-6",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The report shows that IQ’s average mobile DAUs were only 126.2 million during the first 10 days of the 2020 Chinese Lunar New Year, versus 180 million average mobile DAUs claimed by IQ.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-203f-7169-9f8f-fff55ee802d6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.235,
        "w": 0.73,
        "x": 0.135,
        "y": 0.348
      },
      "kind": "chart",
      "text": "Line chart showing daily DAU trends for five video platforms from 2020-01-14 to 2020-02-04.",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a91a8cd0-fda7-4223-800b-39828cfa3b7f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "DAU: 126.2 million",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-203f-7169-9f90-0493c1801dd1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.057,
        "w": 0.764,
        "x": 0.118,
        "y": 0.171
      },
      "kind": "paragraph",
      "text": "The report shows that IQ’s average mobile DAUs were only 126.2 million during the first 10 days of the 2020 Chinese Lunar New Year, versus 180 million average mobile DAUs claimed by IQ. Furthermore, the QuestMobile report shows IQ’s DAUs did not grow between the 2019 and 2020 Chinese Lunar New Year:12",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6574b1de-da35-4dc0-8dcd-4b4f49ce211e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.038,
        "w": 0.764,
        "x": 0.118,
        "y": 0.123
      },
      "kind": "paragraph",
      "text": "In February 2020, QuestMobile published a special report titled “China Mobile Internet Amid COVID-19 Plague” which shows that IQ overstates its DAU numbers by at least 42%.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b6e889e7-9c66-4eb0-a82e-646d8d52e08b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "In February 2020, QuestMobile published a special report titled “China Mobile Internet Amid COVID-19 Plague” which shows that IQ overstates its DAU numbers by at least 42%.",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-203f-7169-9f90-01ca1ec1c5df",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.014,
        "w": 0.435,
        "x": 0.118,
        "y": 0.897
      },
      "kind": "source-note",
      "text": "12 QuestMobile: China Mobile Internet Amid COVID-19 Plague, slide 26",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3e34eea7-91c2-4ae5-ab42-4d53408e7cd2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.053,
        "w": 0.684,
        "x": 0.158,
        "y": 0.281
      },
      "kind": "table",
      "text": "Table comparing DAU during Jan 24-Feb 2, 2020 and growth vs 2019 for iQIYI, Tencent, Youku, Mango TV, and bilibili.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fb37b501-0761-4365-9ade-f0d20e680d84",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.021,
        "w": 0.125,
        "x": 0.118,
        "y": 0.095
      },
      "kind": "title",
      "text": "QuestMobile",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c9cd6645-7c1a-4c51-ac2d-14d44ac0ac25",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.018,
        "w": 0.304,
        "x": 0.348,
        "y": 0.259
      },
      "kind": "title",
      "text": "DAU of Typical Online Video Platforms",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f32f3ae4-cbb0-4597-b982-63ce2e327efb",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "3b478ee0-bd72-4d44-b367-aa03657bfe62",
      "evidence": "The slide explicitly claims IQ overstates DAU numbers by 42% based on third-party data.",
      "confidence": 0.95
    }
  ],
  "arcBeats": [
    {
      "to": 20,
      "from": 6,
      "beatId": "83f9cd5c-f84b-4402-9454-a3996734e45e",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "The document presents a detailed analysis of iQIYI's financials, highlighting several areas of concern",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}