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Liu Wenfeng resigned as Chief Technology Officer of iqiyi, but will continue to serve as President of iqiyi's infrastructure and intelligent content distribution business group.
Liu Wenfeng will continue to serve as the President of the IQIYI Infrastructure and Asia Vets Content Distribution Business Group.
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IQIYI Shares Fall Following Analyst Actions
Express News | IQIYI Shares Are Trading Lower After HSBC Downgraded the Stock From Hold to Reduce and Lowered Its Price Target From $4.7 to $3. Also, JP Morgan Lowered Its Price Target From $5 to $3 on the Stock