Iqiyi shares surge 15.42% intraday as company files Hong Kong IPO application, announces $100M stock buyback and launches domestic-first film production AI platform "Nadou Pro.
ByAinvest
Monday, Mar 30, 2026 9:48 am ET1min read
IQ--
Iqiyi surged 15.42% intraday, following several key announcements: the company filed a confidential application with the Hong Kong Stock Exchange for a potential listing, subject to regulatory approvals; announced a share repurchase program of up to $100 million over 18 months; and launched its AI platform "Nado Pro," China's first professional film production AI platform, offering end-to-end creative solutions for filmmakers.
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