iQIYI(US:IQ) Xin Lang Cai Jing·2025-05-13 07:23Core Viewpoint - iQIYI is facing scrutiny for allegedly violating personal information protection laws, prompting the company to initiate an internal investigation and commit to compliance updates [1][2]. Group 1: Company Response - iQIYI acknowledged the report from the National Computer Virus Emergency Response Center regarding issues with personal information collection in its application version X9M_m1e_17.0.0.20221018, which was developed by a partner [1]. - The company is actively collaborating with its partner to rectify the identified issues and plans to release a compliant version of the application [1]. Group 2: Legal Context - According to the Personal Information Protection Law, personal information processors must obtain consent from individuals before processing their data, and such consent must be informed and voluntary [2]. - The law stipulates that if individual consent is required, it should be obtained in a clear and explicit manner [2]. Group 3: Financial Performance - iQIYI reported a revenue of 29.23 billion yuan for the previous year, reflecting an 8% year-on-year decline [2]. - The company's net profit attributable to the company under non-GAAP standards was 1.51 billion yuan, down 47% year-on-year [2]. - Membership revenue for the year was approximately 17.76 billion yuan, representing a 13% decrease compared to the previous year [2].