By Nancy Tartaglione
08.04.2020 - 06:09 / variety.com
By Patrick Frater
Asia Bureau Chief
U.S.-based securities analysis firm and activist investor Wolfpack Research has publicly accused Chinese streaming platform iQIYI of fraud.
iQIYI “massively [inflated] its user numbers and revenue while at the same time hiding the fraud from auditors and investors by overpaying for content, acquisitions and other assets,” Wolfpack said. “IQIYI is nearing its 10-year anniversary and it has never been profitable and its losses are accelerating. Although
By Nancy Tartaglione
Tons of vital PPE was left at Prestwick Airport after boxes which arrived from China had no labels.
The central Chinese city of Wuhan has revised its coronavirus death toll to 3,869, increasing the number of fatalities by 1,290.
By Patrick Frater
By Rebecca Davis
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