iQIYI Plans Hong Kong Listing and $100M Buyback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2026
0mins
Should l Buy IQ?
Source: stocktwits
- Hong Kong Listing Plan: iQIYI has filed a confidential application with the Hong Kong Stock Exchange to list its Class A shares, aiming to improve access to Hong Kong's capital markets and attract more Asia-based institutional and retail investors, although key details like the listing date and IPO price remain undisclosed.
- Share Buyback Program: The company's board approved a share repurchase program of up to $100 million, including American Depositary Shares, to be executed over the next 18 months, with plans to fund the buyback using existing cash reserves, thereby enhancing shareholder value.
- AI Agent Testing: iQIYI has commenced open commercial testing of its proprietary AI agent, Nadou Pro, designed to streamline long-form video production, which could improve content production efficiency and strengthen its competitive position in the market.
- Positive Market Reaction: Following the announcement of these strategic moves, iQIYI's shares surged nearly 15% in pre-market trading, reflecting investor confidence in the company's future growth and the market's positive reception of its new strategies.
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Analyst Views on IQ
Wall Street analysts forecast IQ stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 1.410
Low
2.10
Averages
2.38
High
2.65
Current: 1.410
Low
2.10
Averages
2.38
High
2.65
About IQ
iQIYI, Inc. is a China-based company principally engaged in the provision of online entertainment services. The Company mainly provides genuine video content such as movies, television dramas, variety shows and anime through its application platform. Through the platform, the Company mainly provides The Lost Tomb, The Mystic Nine, Burning Ice, Qipa Talk, The Rap of China and other programs for its customers. The Company has built an entertainment-based social media platform, iQIYI Paopao, for fans to follow and interact with celebrities and the entertainment community.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Strategic Shift Signal: iQIYI's management is leaning into artificial intelligence, with CEO Gong Yu describing this as a once-in-a-decade transition aimed at transforming the company from a traditional streaming service into a social media platform centered on AI-driven content, which could significantly alter content creation methods.
- Launch of Nadou Pro System: The company introduced the Nadou Pro system, capable of handling nearly the entire production pipeline, including scriptwriting, storyboarding, and final rendering, with plans to quickly scale AI-generated content, starting with a slate of 16 films across genres like sci-fi and anime.
- Revenue Sharing Incentives: To expand its creator ecosystem, iQIYI is offering an additional 20% share of advertising and membership revenue to AI content producers, alongside developing a standalone app that allows users to interact with characters through short-form video clips, enhancing user engagement.
- Financial Challenges and Growth Opportunities: Despite a projected 13% decline in first-quarter revenue, iQIYI is targeting incremental growth areas, including overseas markets and physical entertainment initiatives, with overseas membership revenue increasing over 30% last year, and has filed for a Hong Kong listing to broaden its capital access.
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- Content Generation Transformation: iQIYI expects AI to soon generate a significant portion of its films and shows, marking the largest overhaul in its 16-year history, aimed at enhancing user experience and attracting more viewers.
- Social Media Shift: The company plans to convert its video app and website into a social media platform hosting various AI-generated content, which is expected to enhance user interaction and broaden its audience appeal.
- Investment Restructuring: Founder and CEO Gong Yu stated that while investment in professionally produced content will continue, a portion of capital will be reallocated to strengthen AI services, reflecting the company's strategic focus on AI technology and future development.
- AI Film Initiative: iQIYI aims to release a commercially successful AI-generated film this summer, showcasing its ambition in content innovation and positioning itself to enhance market competitiveness while meeting audience demand for novel content.
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- Project Launch: iQIYI plans to build its first theme park, iQIYI LAND, in Wuhan by 2027, marking its entry into urban renewal initiatives aimed at enhancing local cultural tourism appeal.
- Cultural Landmark: Located within the Hanyangzao Cultural and Creative Industry Park, the park is expected to become a new cultural tourism landmark, attracting more visitors and boosting local economic development.
- Immersive Experiences: iQIYI LAND will feature immersive theaters, live performances, and film scene recreations, all centered around iQIYI's portfolio of Chinese dramas, animation, and variety content, enhancing user interaction and engagement.
- Foundation of Success: The Wuhan project builds on the success of iQIYI LAND Yangzhou, which opened in February 2026 and received high user ratings, indicating strong market demand for such entertainment offerings.
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- Innovation in Film Production: On March 30, 2026, iQIYI launched Nadou Pro, China's first AI agent specifically designed for professional film and TV production, marking a significant step in the company's integration of AI across the entertainment production pipeline, which is expected to enhance production efficiency and creative quality.
- Quality Improvement for Long-Form Content: Nadou Pro addresses the quality gap in AI-generated long-form narratives by combining extensive content assets with proprietary algorithms, enabling creators to use natural language to access resources for character design and shot composition, producing stories that approach live-action quality.
- Integrated Multi-Model Platform: The platform integrates iQIYI's QiZhi multimodal large models with third-party AI models, supporting text, image, video, and audio generation, thereby streamlining production processes and reflecting the structured workflows of traditional content production, which enhances creative flexibility and efficiency.
- Industry Validation and Collaboration: Since internal testing began in late 2025, Nadou Pro has supported the production of multiple film projects, receiving positive feedback from directors, particularly in the
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- Hong Kong Listing Plan: iQIYI has filed a confidential application with the Hong Kong Stock Exchange to list its Class A shares, aiming to improve access to Hong Kong's capital markets and attract more Asia-based institutional and retail investors, although key details like the listing date and IPO price remain undisclosed.
- Share Buyback Program: The company's board approved a share repurchase program of up to $100 million, including American Depositary Shares, to be executed over the next 18 months, with plans to fund the buyback using existing cash reserves, thereby enhancing shareholder value.
- AI Agent Testing: iQIYI has commenced open commercial testing of its proprietary AI agent, Nadou Pro, designed to streamline long-form video production, which could improve content production efficiency and strengthen its competitive position in the market.
- Positive Market Reaction: Following the announcement of these strategic moves, iQIYI's shares surged nearly 15% in pre-market trading, reflecting investor confidence in the company's future growth and the market's positive reception of its new strategies.
See More
- Proposed HKEX Listing: iQIYI has submitted a confidential application to the Hong Kong Stock Exchange for a proposed listing, aiming to enhance its capital market access and broaden its investor base, thereby strengthening its international profile, although final details and regulatory approvals are still pending.
- Share Buyback Program: The company's board has approved a share repurchase program of up to $100 million to be executed over the next 18 months, intended to demonstrate confidence in long-term business prospects and deliver shareholder value, with repurchases to occur through market transactions and other permissible means.
- Launch of AI Agent Nadou Pro: iQIYI has initiated open commercial testing for its proprietary AI agent Nadou Pro, designed to streamline the video production process from creative conception to final output, leveraging advanced foundation models and the company's expertise in premium content production to enhance efficiency.
- Innovation and Market Positioning: By combining creativity with technology, iQIYI is committed to continuous innovation and blockbuster content production, utilizing advanced AI and big data analytics to build a massive user base and a diversified monetization model, thereby reinforcing its leading position in the online entertainment industry.
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