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Technology

Chinese Netflix-style service iQiyi tanks by 18% after U.S. regulators investigate fraud allegations

Shares of Chinese language streaming service iQiyi plunged in after-hours commerce within the U.S. after it introduced the Securities and Trade Fee (SEC) has launched a probe into the corporate. The SEC investigation was prompted by a report in April from Wolfpack Research, which describes itself as an “activist analysis and due-diligence agency.” In that report, Wolfpack […]