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iQIYI announced a proposed Hong Kong listing application, a US$100 million share repurchase program over 18 months, and open commercial testing of its proprietary AI agents Nadou Pro.
Key Takeaways
1Submitted confidential listing application to HKEX for Class A ordinary shares to broaden investor base and enhance capital access.
2Board approved US$100 million share repurchase program effective March 30, 2026, for up to 18 months to signal confidence and return value to shareholders.
3Launched open commercial testing of Nadou Pro, China's first AI agents for professional long-form video generation.
4Proposed HKEX listing subject to HKEX approval, CSRC filing, and company decision with no assurance of completion.
5Repurchases to be funded from existing cash via open market or other means, subject to periodic board review.