Iqiyi shares fall 2.15% premarket as China eases drama rules, benefiting producers and streaming platforms.

Iqiyi, Inc. fell 2.15% in premarket trading. China's relaxation of drama production rules to strengthen content supply is expected to benefit long-video streaming platforms like Iqiyi. The National Radio and Television Administration plans to ease restrictions on the number of episodes for TV series and intervals between each season for dramas, which could positively impact Iqiyi's content offerings.