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iQIYI, Inc. – ‘20-F’ for 12/31/20 – ‘EX-15.2’

On:  Tuesday, 3/9/21, at 6:05am ET   ·   For:  12/31/20   ·   Accession #:  1564590-21-11590   ·   File #:  1-38431

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/09/21  iQIYI, Inc.                       20-F       12/31/20  161:37M                                    ActiveDisclosure/FA

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual or Annual-Transition Report by a Foreign     HTML   3.62M 
                Non-Canadian Issuer                                              
 2: EX-4.60     Instrument Defining the Rights of Security Holders  HTML     48K 
 3: EX-4.61     Instrument Defining the Rights of Security Holders  HTML     46K 
 4: EX-4.64     Instrument Defining the Rights of Security Holders  HTML    442K 
 5: EX-4.65     Instrument Defining the Rights of Security Holders  HTML    469K 
 6: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     50K 
 9: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     47K 
10: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     47K 
 7: EX-12.1     Statement re: the Computation of Ratios             HTML     52K 
 8: EX-12.2     Statement re: the Computation of Ratios             HTML     52K 
11: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     51K 
12: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     47K 
13: EX-15.3     Letter re: Unaudited Interim Financial Info         HTML     44K 
20: R1          Document and Entity Information                     HTML    120K 
21: R2          Consolidated Balance Sheets                         HTML    201K 
22: R3          Consolidated Balance Sheets (Parenthetical)         HTML     70K 
23: R4          Consolidated Statements of Comprehensive Loss       HTML    184K 
24: R5          Consolidated Statements of Comprehensive Loss       HTML     65K 
                (Parenthetical)                                                  
25: R6          Consolidated Statements of Changes in Shareholders  HTML    148K 
                (Deficit) /Equity                                                
26: R7          Consolidated Statements of Cash Flows               HTML    226K 
27: R8          Organization and Basis of Presentation              HTML    370K 
28: R9          Summary of Significant Accounting Policies          HTML    169K 
29: R10         Business Combinations                               HTML    109K 
30: R11         Short-Term Investments                              HTML     49K 
31: R12         Long-term Investments                               HTML    142K 
32: R13         Accounts Receivable, Net                            HTML    116K 
33: R14         Prepayments and Other Assets                        HTML    147K 
34: R15         Licensed Copyrights, Net                            HTML    263K 
35: R16         Intangible Assets, Net                              HTML    232K 
36: R17         Produced Content, Net                               HTML    124K 
37: R18         Goodwill                                            HTML     48K 
38: R19         Fixed Assets, Net                                   HTML    101K 
39: R20         Leases                                              HTML    244K 
40: R21         Loans Payable                                       HTML     81K 
41: R22         Convertible Senior Notes                            HTML    107K 
42: R23         Income Taxes                                        HTML    268K 
43: R24         Employee Defined Contribution Plan                  HTML     51K 
44: R25         Commitments and Contingencies                       HTML     99K 
45: R26         Redeemable Noncontrolling Interests                 HTML     76K 
46: R27         Ordinary Shares                                     HTML     52K 
47: R28         Profit Appropriation and Restricted Net Assets      HTML     51K 
48: R29         Loss Per Share                                      HTML    226K 
49: R30         Share-Based Compensation                            HTML    187K 
50: R31         Related Party Transactions                          HTML    357K 
51: R32         Fair Value Measurements                             HTML    411K 
52: R33         Accumulated Other Comprehensive Income              HTML    185K 
53: R34         Subsequent Events                                   HTML     48K 
54: R35         Condensed Financial Information of the Parent       HTML    550K 
                Company                                                          
55: R36         Summary of Significant Accounting Policies          HTML    270K 
                (Policies)                                                       
56: R37         Organization and Basis of Presentation (Tables)     HTML    344K 
57: R38         Summary of Significant Accounting Policies          HTML     61K 
                (Tables)                                                         
58: R39         Business Combinations (Tables)                      HTML    103K 
59: R40         Long-term Investments (Tables)                      HTML    137K 
60: R41         Accounts Receivable, Net (Tables)                   HTML    117K 
61: R42         Prepayments and Other Assets (Tables)               HTML    147K 
62: R43         Licensed Copyrights, Net (Tables)                   HTML    264K 
63: R44         Intangible Assets, Net (Tables)                     HTML    235K 
64: R45         Produced Content, Net (Tables)                      HTML    125K 
65: R46         Fixed Assets. Net (Tables)                          HTML     99K 
66: R47         Leases (Tables)                                     HTML    249K 
67: R48         Loans Payable (Tables)                              HTML     64K 
68: R49         Convertible Senior Notes (Tables)                   HTML     88K 
69: R50         Income Taxes (Tables)                               HTML    263K 
70: R51         Commitments and Contingencies (Tables)              HTML     95K 
71: R52         Redeemable Noncontrolling Interests (Tables)        HTML     74K 
72: R53         Loss Per Share (Tables)                             HTML    224K 
73: R54         Share-Based Compensation (Tables)                   HTML    188K 
74: R55         Related Party Transactions (Tables)                 HTML    355K 
75: R56         Fair Value Measurements (Tables)                    HTML    404K 
76: R57         Accumulated Other Comprehensive Income (Tables)     HTML    184K 
77: R58         Condensed Financial Information of the Parent       HTML    549K 
                Company (Tables)                                                 
78: R59         Organization and Basis of Presentation - Schedule   HTML    113K 
                of Major Subsidiaries,VIEs and VIEs' Subsidiaries                
                (Details)                                                        
79: R60         Organization and Basis of Presentation -            HTML    127K 
                Additional Information (Details)                                 
80: R61         Organization and Basis of Presentation - Schedule   HTML    168K 
                of VIEs and VIEs' Subsidiaries Included in                       
                Consolidated Balance Sheets and Statements of                    
                Comprehensive Loss (Details)                                     
81: R62         Organization and Basis of Presentation - Schedule   HTML     56K 
                of VIEs and VIEs' Subsidiaries Included in                       
                Consolidated Balance Sheets and Statements of                    
                Comprehensive Loss (Parenthetical) (Details)                     
82: R63         Summary of Significant Accounting Policies -        HTML    172K 
                Additional Information (Details)                                 
83: R64         Summary of Significant Accounting Policies -        HTML     62K 
                Summary of Estimated Useful Lives of Fixed Assets                
                or Term of Related Lease (Details)                               
84: R65         Summary of Significant Accounting Policies -        HTML     80K 
                Summary of Estimated Economic Lives of                           
                Finite-Lived Intangible Assets (Details)                         
85: R66         Summary of Significant Accounting Policies -        HTML     48K 
                Summary of Estimated Economic Lives of                           
                Indefinite-Lived Intangible Assets (Details)                     
86: R67         Business Combinations - Additional Information      HTML     97K 
                (Details)                                                        
87: R68         Business Combinations - Summary of Estimated        HTML     98K 
                Aggregate Fair Values of Assets Acquired and                     
                Liabilities Assumed (Details)                                    
88: R69         Short-term Investments - Additional Information     HTML     63K 
                (Details)                                                        
89: R70         Long-term Investments - Schedule of Equity          HTML     53K 
                Investments without Readily Determinable Fair                    
                Value (Details)                                                  
90: R71         Long-term Investments - Additional Information      HTML     58K 
                (Details)                                                        
91: R72         Long-term Investments - Schedule of Realized and    HTML     56K 
                Unrealized Gains and Losses for Equity Securities                
                Without Readily Determinable Fair Values (Details)               
92: R73         Accounts Receivable, Net - Schedule of Accounts     HTML     52K 
                Receivable, Net (Details)                                        
93: R74         Accounts Receivable, Net - Schedule of Movement of  HTML     57K 
                Allowance for Credit Losses (Details)                            
94: R75         Prepayments and Other Assets - Components of        HTML     80K 
                Current and Non-Current Portions of Prepayments                  
                and Other Assets (Details)                                       
95: R76         Prepayments and Other Assets - Components of        HTML     68K 
                Current and Non-Current Portions of Prepayments                  
                and Other Assets (Parenthetical) (Details)                       
96: R77         Licensed Copyrights, Net - Schedule of Licensed     HTML     82K 
                Copyrights, Net (Details)                                        
97: R78         Licensed Copyrights, Net - Additional Information   HTML     55K 
                (Details)                                                        
98: R79         Licensed Copyrights, Net -Summary of Estimated      HTML     50K 
                Amortization Expense Relating to Licensed                        
                Copyrights (Details)                                             
99: R80         Intangible Assets, Net - Summary of Finite-Lived    HTML     79K 
                Intangible Assets (Details)                                      
100: R81         Intangible Assets, Net - Summary of Intangible      HTML     51K  
                Assets (Details)                                                 
101: R82         Intangible Assets, Net - Summary of Finite-Lived    HTML    133K  
                Intangible Assets (Parenthetical) (Details)                      
102: R83         Intangible Assets, Net - Additional Information     HTML     53K  
                (Details)                                                        
103: R84         Intangible Assets, Net - Summary of Estimated       HTML     57K  
                Amortization Expense Relating to Existing                        
                Intangible Assets (Details)                                      
104: R85         Produced Content, Net - Components of Produced      HTML     81K  
                Content, Net (Details)                                           
105: R86         Produced Content, Net - Additional Information      HTML     55K  
                (Details)                                                        
106: R87         Produced Content, Net - Estimated Amortization      HTML     50K  
                Expense Relating to Existing Produced Content                    
                (Details)                                                        
107: R88         Goodwill - Additional Information (Details)         HTML     60K  
108: R89         Fixed Assets, Net - Components of Fixed Assets      HTML     67K  
                (Details)                                                        
109: R90         Fixed Assets, Net - Additional Information          HTML     50K  
                (Details)                                                        
110: R91         Leases - Additional Information (Details)           HTML     58K  
111: R92         Leases - Schedule of Finance Lease (Details)        HTML     56K  
112: R93         Leases - Summary of Components of Lease Cost        HTML     55K  
                (Details)                                                        
113: R94         Leases - Summary of Components of Lease Cost        HTML     46K  
                (Parenthetical) (Details)                                        
114: R95         Leases - Summary of Cash Paid for Amounts Included  HTML     52K  
                in Measurement of Lease Liabilities (Details)                    
115: R96         Leases - Schedule of ROU Assets Obtained in         HTML     49K  
                Exchange for Lease Obligation (Details)                          
116: R97         Leases - Summary of Future Lease Payments under     HTML     85K  
                Lease Liabilities (Details)                                      
117: R98         Loans Payable - Additional Information (Details)    HTML    130K  
118: R99         Loans Payable - Schedule of Aggregate Loan          HTML     53K  
                Principal Payments on Long-term Loans and                        
                Borrowings (Details)                                             
119: R100        Convertible Senior Notes - Additional Information   HTML    158K  
                (Details)                                                        
120: R101        Convertible Senior Notes - Schedule of Carrying     HTML     55K  
                Amount of Notes (Details)                                        
121: R102        Income Taxes - Additional Information (Details)     HTML    110K  
122: R103        Income Taxes - Summary of Loss Before Income Taxes  HTML     55K  
                (Details)                                                        
123: R104        Income Taxes - Components of Income Tax Expense     HTML     55K  
                (Details)                                                        
124: R105        Income Taxes - Summary of Reconciliation of Tax     HTML     65K  
                Expense Computed by Applying Statutory Income Tax                
                Rate to Pre-Tax Loss (Details)                                   
125: R106        Income Taxes - Summary of Tax Effects of Temporary  HTML     64K  
                Differences to Deferred Tax Balances (Details)                   
126: R107        Income Taxes - Classification of Consolidated       HTML     49K  
                Balance Sheets on Deferred Tax Balances (Details)                
127: R108        Employee Defined Combination Plan - Additional      HTML     46K  
                Information (Details)                                            
128: R109        Commitments and Contingencies - Schedule of Future  HTML     57K  
                Minimum Payments Under Non-Cancelable Agreements                 
                for Property Management Fees (Details)                           
129: R110        Commitments and Contingencies - Schedule of Future  HTML     58K  
                Minimum Payments Under Non-Cancelable Agreements                 
                for Licensed Copyrights (Details)                                
130: R111        Commitments and Contingencies - Additional          HTML     49K  
                Information (Details)                                            
131: R112        Redeemable Noncontrolling Interests - Additional    HTML     49K  
                Information (Details)                                            
132: R113        Redeemable Noncontrolling Interests - Schedule of   HTML     52K  
                Movement in Carrying Value of Redeemable                         
                Noncontrolling Interests (Details)                               
133: R114        Ordinary Shares - Additional Information (Details)  HTML    111K  
134: R115        Profit Appropriation and Restricted Net Assets -    HTML     58K  
                Additional Information (Details)                                 
135: R116        Loss Per Share - Additional Information (Details)   HTML     50K  
136: R117        Loss Per Share - Schedule of Basic and Diluted      HTML     91K  
                Loss Per Share (Details)                                         
137: R118        Share-Based Compensation - Additional Information   HTML    103K  
                (Details)                                                        
138: R119        Share-Based Compensation - Summary of Option        HTML     91K  
                Activity (Details)                                               
139: R120        Share-Based Compensation - Schedule of Assumptions  HTML     70K  
                Used to Value Share Options Granted to Employees                 
                and Non-Employees (Details)                                      
140: R121        Share-Based Compensation - Summary of RSU Activity  HTML     54K  
                (Details)                                                        
141: R122        Share-Based Compensation - Schedule of Share-based  HTML     55K  
                Compensation Expense Included in Relevant                        
                Financial Statement (Details)                                    
142: R123        Related Party Transactions - Schedule of Related    HTML     97K  
                Party Transactions with Major Related Parties                    
                (Details)                                                        
143: R124        Related Party Transactions - Schedule of Related    HTML     65K  
                Party Transactions with Major Related Parties                    
                (Parenthetical) (Details)                                        
144: R125        Related Party Transactions - Additional             HTML     49K  
                Information (Details)                                            
145: R126        Related Party Transactions - Schedule of Related    HTML     78K  
                Party Balances with Major Related Parties                        
                (Details)                                                        
146: R127        Related Party Transactions - Schedule of Related    HTML     62K  
                Party Balances with Major Related Parties                        
                (Parenthetical) (Details)                                        
147: R128        Fair Value Measurements - Schedule of Financial     HTML    144K  
                Instruments Measured or Disclosed at Fair Value on               
                a Recurring Basis and Non-Recurring Fair Value                   
                Measurements (Details)                                           
148: R129        Fair Value Measurements - Additional Information    HTML     76K  
                (Details)                                                        
149: R130        Accumulated Other Comprehensive Income - Changes    HTML     83K  
                in Accumulated Other Comprehensive Income by                     
                Component, Net of Tax (Details)                                  
150: R131        Accumulated Other Comprehensive Income -            HTML     48K  
                Additional Information (Details)                                 
151: R132        Accumulated Other Comprehensive Income - Tax        HTML     52K  
                Benefit/(Expense) Allocated to Each Component of                 
                Other Comprehensive Income (Details)                             
152: R133        Subsequent Events - Additional Information          HTML     74K  
                (Details)                                                        
153: R134        Condensed Financial Information of the Parent       HTML    174K  
                Company - Condensed Balance Sheets (Details)                     
154: R135        Condensed Financial Information of the Parent       HTML     66K  
                Company - Condensed Balance Sheets (Parenthetical)               
                (Details)                                                        
155: R136        Condensed Financial Information of the Parent       HTML    104K  
                Company - Condensed Statements of Comprehensive                  
                Loss (Details)                                                   
156: R137        Condensed Financial Information of the Parent       HTML     68K  
                Company - Condensed Statements of Cash Flows                     
                (Details)                                                        
157: R138        Condensed Financial Information of the Parent       HTML     48K  
                Company - Additional Information (Details)                       
159: XML         IDEA XML File -- Filing Summary                      XML    307K  
19: XML         XBRL Instance -- iq-20f_20201231_htm                 XML   9.92M 
158: EXCEL       IDEA Workbook of Financial Reports                  XLSX    238K  
15: EX-101.CAL  XBRL Calculations -- iq-20201231_cal                 XML    466K 
16: EX-101.DEF  XBRL Definitions -- iq-20201231_def                  XML   1.77M 
17: EX-101.LAB  XBRL Labels -- iq-20201231_lab                       XML   2.76M 
18: EX-101.PRE  XBRL Presentations -- iq-20201231_pre                XML   2.41M 
14: EX-101.SCH  XBRL Schema -- iq-20201231                           XSD    434K 
160: JSON        XBRL Instance as JSON Data -- MetaLinks              762±  1.25M  
161: ZIP         XBRL Zipped Folder -- 0001564590-21-011590-xbrl      Zip    976K  


‘EX-15.2’   —   Letter re: Unaudited Interim Financial Info


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C: 

EXHIBIT 15.2

 

 

34/F, Tower 3, China Central Place, 77 Jianguo Road, Beijing 100025, China
Telephone: (86-10) 5809-1000     Facsimile: (86-10) 5809-1100

To: iQIYI, Inc.

Intertrust Corporate Services (Cayman) Limited,

190 Elgin Avenue, George Town,

Grand Cayman KY1-9005,

Cayman Islands

March 9, 2021

Dear Sir/Madam:

We hereby consent to the reference of our name under the heading "Item 4.C. Information on the Company—Organizational Structure" and "Item 10.E. Additional Information—Taxation—People's Republic of China Taxation" in iQIYI, Inc.'s Annual Report on Form 20-F for the year ended December 31, 2020 (the "Annual Report"), which will be filed with the Securities and Exchange Commission (the "SEC") in the month of March 2021, and further consent to the incorporation by reference into the Registration Statement (Form S-8 No. 333-225165) pertaining to iQIYI, Inc.'s 2010 Equity Incentive Plan and 2017 Share Incentive Plan and the Registration Statement (Form F-3 No. 333-251359) of the summary of our opinion under the heading "Item 4.C. Information on the Company—Organizational Structure" and "Item 10.E. Additional Information—Taxation—People's Republic of China Taxation" in the Annual Report. We also consent to the filing of this consent letter with the SEC as an exhibit to the Annual Report.

In giving such consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, or under the Securities Exchange Act of 1934, in each case, as amended, or the regulations promulgated thereunder.

 

Very truly yours,

 

 

 

/s/ Jingtian & Gongcheng

 

Jingtian & Gongcheng

 

 

 


Dates Referenced Herein

This ‘20-F’ Filing    Date    Other Filings
Filed on:3/9/21None on these Dates
For Period end:12/31/20
 List all Filings 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/14/24  iQIYI, Inc.                       20-F       12/31/23  153:34M                                    Donnelley … Solutions/FA
 3/22/23  iQIYI, Inc.                       20-F       12/31/22  160:42M                                    Donnelley … Solutions/FA
 3/28/22  iQIYI, Inc.                       20-F       12/31/21  152:34M                                    ActiveDisclosure/FA


6 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/15/20  iQIYI, Inc.                       F-3ASR     12/15/20    8:1.1M                                   Donnelley … Solutions/FA
 3/12/20  iQIYI, Inc.                       20-F       12/31/19  155:34M                                    ActiveDisclosure/FA
 3/15/19  iQIYI, Inc.                       20-F       12/31/18  139:29M                                    ActiveDisclosure/FA
 5/24/18  iQIYI, Inc.                       S-8         5/24/18    4:277K                                   Donnelley … Solutions/FA
 3/16/18  iQIYI, Inc.                       F-1/A                 10:6.9M                                   Donnelley … Solutions/FA
 2/27/18  iQIYI, Inc.                       F-1                   77:12M                                    Donnelley … Solutions/FA
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Filing Submission 0001564590-21-011590   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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