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Shares of the company were up 3% in early trading.
IQIYI, owned by China’s Baidu Inc (NASDAQ:BIDU), said in August it was being probed by the U.S. Securities and Exchange Commission, which was seeking documents related to acquisitions and investments identified in a report issued by short-seller firm Wolfpack Research in April.
Wolfpack did not immediately respond to a request for comment.
It had accused iQIYI of inflating user numbers, revenue and the prices the company pays for content.
