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iQIYI Announces Change in Executive Leadership

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BEIJING, Jan. 20, 2026 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a le...

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AI Summary

iQIYI, Inc. announced the resignation of CFO Jun Wang, replaced by Interim CFO Ying Zeng. Wang's departure comes as the company seeks to maintain financial stability, highlighting insights into its ongoing growth potential and future leadership dynamics.

Sentiment Rationale

CFO resignations can create temporary volatility; however, transition plans are in place, reducing impact risk.

Trading Thesis

Consider buying IQ on dips; effective leadership transitions typically stabilize stocks in the short term.

Market-Moving

  • Leadership changes may affect investor confidence in iQIYI's strategic direction.
  • The upcoming search for a permanent CFO could lead to uncertainty.
  • Market reactions may hinge on the effectiveness of interim management decisions.
  • Guidance on future earnings may shift based on the new CFO's strategy.

Key Facts

  • Jun Wang resigned as CFO of iQIYI effective immediately.
  • Ying Zeng appointed as Interim CFO with extensive financial experience.
  • Wang will serve as advisor during transition until May 31, 2026.
  • Management expresses confidence in ongoing company growth and stability.
  • The company will search for a permanent CFO successor.

Companies Mentioned

  • Baidu, Inc. (BIDU): Ying Zeng's previous role at Baidu highlights her strong financial background.

Corporate Developments

This news fits under 'Corporate Developments' as it relates to leadership changes that can significantly influence operational decisions and investor perception.

iQIYI Announces Leadership Change as CFO Resigns

BEIJING, Jan. 20, 2026 (GLOBE NEWSWIRE) – iQIYI, Inc. (Nasdaq: IQ), a prominent provider of online entertainment video services in China, has announced a significant change in its executive leadership. Mr. Jun Wang has resigned from his role as Chief Financial Officer (CFO), effective immediately, citing personal reasons. Ms. Ying Zeng, who currently serves as Senior Vice President of Finance, has been appointed as the Interim CFO.

Transition Plan Following CFO Resignation

Mr. Jun Wang will remain at iQIYI as an advisor until May 31, 2026, to facilitate a smooth transition. The company is set to conduct an executive search for a permanent CFO to fill the role vacated by Mr. Wang, whose financial leadership has been pivotal in enhancing iQIYI’s capital structure.

Dr. Yu Gong, Director and Chief Executive Officer of iQIYI, expressed gratitude for Mr. Wang's service: “Jun’s expertise and leadership have been instrumental in significantly strengthening our capital structure and establishing a more resilient financial foundation to support future value creation.”

New Interim CFO Brings Valuable Experience

Ms. Ying Zeng’s appointment as Interim CFO is seen as a strategic move, given her extensive experience within the company and the industry. Since joining iQIYI in February 2017, Ms. Zeng has played a crucial role in the company’s initial public offering (IPO) and various financing initiatives. Her intimate knowledge of the business will be invaluable during this transitional phase.

  • Joined iQIYI in February 2017
  • Served as Senior VP of Finance since January 2022
  • Previously held roles at Baidu, Inc. and eLong, Inc.

Background and Qualifications of Ying Zeng

Before her tenure at iQIYI, Ms. Zeng served as the Deputy Director of Budget Control and Financial Analysis at Baidu, Inc. and as a Financial Manager at eLong, Inc. She holds a bachelor’s degree in accounting from Wuhan University of Technology and a master’s degree in professional accounting from Peking University.

About iQIYI, Inc.

iQIYI, Inc. stands out in the online entertainment market, leveraging technology and creative talent to deliver high-quality content. The company’s diverse monetization strategies include membership services, online advertising, content distribution, and more, supported by advanced AI and big data analytics.

As a leading player in the industry, iQIYI (Nasdaq: IQ) has built a massive user base and continues to innovate to meet the evolving demands of its audience.

Contact Information

For further inquiries, please reach out to:

Investor Relations, iQIYI, Inc.
Email: ir@qiyi.com

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