iQIYI Files for Hong Kong Listing and Launches Share Repurchase Program

iQIYI, Inc. has submitted a confidential application for a dual primary listing on the Main Board of the Hong Kong Stock Exchange (HKEX) to diversify its listing venues. Alongside this move, the company adopted a share repurchase program aimed at enhancing shareholder value and returning capital to investors. On the technological front, iQIYI launched open commercial testing for its proprietary AI agents, Nadou Pro, to capitalize on the artificial intelligence trend in entertainment. The proposed listing in Hong Kong is seen as a strategic step to mitigate regulatory and geopolitical risks associated with its US listing. These initiatives highlight iQIYI's commitment to integrating advanced technology while strengthening its financial structure. Analysts suggest that the combination of a buyback and a dual listing provides a more stable foundation for the company's future growth.