Brief investment thesis
iQIYI (IQ), often dubbed the Netflix (NFLX) of China, has four catalysts driving its share price higher.
- The release of its 2020-2021 slate of original films at a major industry event last week is a reminder that China has largely put COVID-19 behind. Furthermore, the films involved scriptwriters, directors, and casts who are widely acclaimed, leading to expectations of a good box office showing. The adaption of one of its reality shows into a movie format also served to highlight the monetization opportunities of its intellectual property strength.