|Bid||72.49 x 800|
|Ask||73.45 x 1300|
|Day's Range||72.30 - 73.75|
|52 Week Range||38.63 - 73.75|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||47.99%|
|Beta (5Y Monthly)||1.22|
|Expense Ratio (net)||0.73%|
Chinese streaming-video company iQiyi Inc. announced Monday that it had "substantially completed" its internal review into allegations made by short seller Wolfpack Research and that the review "did not uncover any evidence that would substantiate the allegations." Wolfpack alleged in April that iQiyi was engaged in fraudulent behavior involving its financial statements. IQiyi said in its Monday release that the internal review was overseen by the company's "independent audit committee" with assistance rom professional advisors such as "a Big 4 accounting firm that is not the Company's auditor." The company said it will "continue to cooperate" with the Securities and Exchange Commission regarding a previously disclosed probe into the company's practices. Its U.S.-listed shares are up 1.6% in Monday trading. The shares have risen 10% so far this year as the S&P 500 has added 4.9% and as the KraneShanes CSI China Internet ETF has increased 39%.
Emerging markets have been hit hard by coronavirus, but some were hit harder than others.
KraneShares, a global asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, today announced the launch of the Krane All China Growth Strategy. The model seeks to provide investors exposure to the brightest high-growth areas within China's economy. Specifically, the model will include China's rapidly growing internet and healthcare sectors, as well as the exact Mainland China A-Share securities being added into MSCI's Emerging Markets Index, tracked by $1.5 trillion in assets.1