The Four Percent
China’s iQiyi Inc., a Netflix-like video-streaming company, said it was under investigation by the U.S. Securities and Exchange Commission, sending its shares plunging 12% in after-hours trading.
The admission comes amid heightened scrutiny of accounting at U.S.-listed Chinese companies, and four months after an investment-research firm Wolfpack Research queried iQiyi’s user numbers, sales, expenses and a sizable 2018 takeover.
News…
The Four PercentThe Four Percent The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal who was not […]
The Four PercentThe Four PercentThe Four Percent Sony said PS5 games should take advantage of the new capabilities and features it’s bringing to the platform. Source link Tech
The Four PercentThe Four PercentThe Four PercentThe Four Percent In light of the coronavirus epidemic, we’re all trying to find new ways to reach out and stay in touch with our loved ones. With social […]
Leave a Reply