Filing Details

Accession Number:
0001140361-23-006596
Form Type:
13G Filing
Publication Date:
2023-02-13 19:00:00
Filed By:
Oasis Management
Company:
Iqiyi Inc. (NASDAQ:IQ)
Filing Date:
2023-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Oasis Management Company Ltd 164,705,877 164,705,877 164,705,877 5.41%
Seth Fisher 164,705,877 164,705,877 164,705,877 5.41%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No.)*
 
iQIYI, Inc.
(Name of Issuer)
 
Ordinary Shares, $0.00001 par value
(Title of Class Securities)
 
46267X108**
(CUSIP Number)
 
December 31, 2022
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
Rule 13d-1(b)
 
Rule 13d-1(c)
 
Rule 13d-1(d)
 
*        The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
**      The Class A Ordinary Shares have no CUSIP number. The CUSIP number for the American Depositary Shares is 46267X108. Each American Depositary Share represents 7 Class A Ordinary Shares.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

1
NAMES OF REPORTING PERSONS
 
 
Oasis Management Company Ltd.
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☐
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
- 0 -
 
 
 
 
6
SHARED VOTING POWER
 
 
164,705,877 Ordinary Shares
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
- 0 -
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
164,705,877 Ordinary Shares
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
164,705,877 Ordinary Shares
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.41%**
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IA
 
 
 
 
 

**
Calculated based upon 3,041,871,446 Ordinary Shares outstanding as of September 30, 2022, as disclosed by the Company in its Form 6-K filed with the Securities and Exchange Commission on January 17, 2023.

1
NAMES OF REPORTING PERSONS
 
 
Seth Fisher
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☐
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Germany
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
- 0 -
 
 
 
 
6
SHARED VOTING POWER
 
 
164,705,877 Ordinary Shares
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
- 0 -
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
164,705,877 Ordinary Shares
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
164,705,877 Ordinary Shares
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
5.41%**
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 


**Calculated based upon 3,041,871,446 Ordinary Shares outstanding as of September 30, 2022, as disclosed by the Company in its Form 6-K filed with the Securities and Exchange Commission on January 17, 2023.

Item 1(a)
NAME OF ISSUER
 
The name of the issuer is iQIYI, Inc. (the "Company").
 
Item 1(b)
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
 
The Company's principal executive offices are located at 3/F, iQIYI Youth Center Yoolee Plaza, No. 21, North Road of Workers’ Stadium, Chaoyang District Beijing, 100027, People’s Republic of China.
 
Item 2(a)
NAME OF PERSON FILING
 
This statement is filed by:
 
(i)
Oasis Management Company Ltd., a Cayman Islands exempted company ("Oasis Management" or the "Investment Manager"), with respect to the Ordinary Shares (as defined below) held by certain investment funds managed by Oasis Management (the “Oasis Funds”) and

(ii)
Seth Fischer ("Mr. Fischer"), is responsible for the supervision and conduct of all investment activities of the Investment Manager, including all investment decisions with respect to the assets of the Oasis Funds, with respect to the Ordinary Shares held by the Oasis Funds.

The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
 
The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Ordinary Shares reported herein.
 
Item 2(b)
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
 

The address of the business office of Mr. Fischer is c/o Oasis Compliance, Oasis Management (Hong Kong), 25/F, LHT Tower, 31 Queen’s Road Central, Central, Hong Kong. The address of the business office of Oasis Management is 4th Floor Anderson Square, 64 Shedden Road, P.O. Box 10324, Grand Cayman, KY1-1103 Cayman Islands.

Item 2(c)
CITIZENSHIP:
 
Oasis Management is a Cayman Islands exempted company. Fischer is a citizen of Germany.
 
Item 2(d)
TITLE AND CLASS OF SECURITIES:
 
Ordinary Shares, $0.0001 par value (the "Ordinary Shares").
 
Item 2(e)
CUSIP NUMBER:
 
The Class A Ordinary Shares have no CUSIP number. The CUSIP number for the American Depositary Shares is 46267X108. Each American Depositary Share represents 7 Class A Ordinary Shares.
 
Item 3.
IF THIS STATEMENT IS FILED PURSUANT TO 240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
 
 
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).
       
  (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
       
  (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
       
  (d) Investment company registered under section 8 of the Investment Company Act of 1940(15 U.S.C 80a-8).
       
  (e) Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
       
  (f)
Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
       
  (g) Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
       
  (h) Savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
       
  (i) Church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
       
  (j) Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
       
  (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K).
       
 
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify
  the type of institution:
 
         
Item 4.
OWNERSHIP
 
The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
 
The percentages used herein are calculated based upon 3,041,871,446 Ordinary Shares outstanding as of September 30, 2022, as disclosed by the Company in its Form 6-K filed with the Securities and Exchange Commission on January 17, 2023.
 
Item 5.
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
 
Not applicable.
 
Item 6.
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
 
See Item 2. The Oasis Funds have the right to receive or the power to direct the receipts of dividends from, or the proceeds from the sale of, the Class A Ordinary Shares reported herein. Oasis Investments II Master Fund Ltd. has the right to receive or the power to direct the receipts of dividends from, or the proceeds from the sale of, more than 5% of the Class A Ordinary Shares.
 
Item 7.
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON.
 
Not applicable.
 
Item 8.
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
 
Not applicable.
 
Item 9.
NOTICE OF DISSOLUTION OF GROUP
 
Not applicable.
 
Item 10.
CERTIFICATION
 
Each of the Reporting Persons hereby makes the following certification:
 
By signing below each Reporting Person certifies that, to the best of her or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURES
 
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
 
DATED: February 14, 2023
 
 
OASIS MANAGEMENT COMPANY LTD.
   
 
By
/s/ Phillip Meyer
 
Name:
Phillip Meyer
 
Title:
Director
     
 
/s/ Seth Fischer
 
SETH FISCHER