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

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

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

Shares of Chinese streaming service iQiyi plunged in after-hours trade in the U.S. after it announced the Securities and Exchange Commission (SEC) has launched a probe into the company.
The SEC inve…
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