U.S. Attorney General William Barr, December 10, 2019. Mark Wilson | Getty Images WASHINGTON – The Department of Justice said it dismantled an extensive cyber campaign used by overseas terrorist organizations to fund its operations and seized $ 2 million from more than 300 cryptocurrency accounts in what it described …
Read More »A story of two $ 2 billion Chinese IPOs leading in very different directions
KE Holdings Inc. became China’s first public offering to raise $ 2 billion from a U.S. listing since iQiyi Inc. on Thursday, when its share saw 87% close. Less than an hour later, iQiyi gave a stark reminder of the rocky path many young Chinese stocks have taken on U.S. …
Read More »Apple to launch first discount video for TV +
iQiyi shares exploded after it says the SEC is investigating allegations of fraud
Shares of Chinese streaming service iQiyi plummeted in night trading in the US after it announced that the Securities and Exchange Commission (SEC) has launched a probe into the company. The SEC investigation was commissioned in April by a report by Wolfpack Research, which describes itself as an “activist research …
Read More »Baidu stock slides because iQIYI video unit reveals SEC investigation
For the quarter, Baidu (ticker: BIDU) reported revenue of $ 3.69 billion, down about 1% from a year ago, and in line with the consensus of Wall Street analysts at $ 3.7 billion. Non-GAAP earnings were $ 2.08 per share, good for the Street Consensus at $ 1.38. Baidu said …
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