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No. of Recommendations: 2
Cross-posted on Saul's board:

Despite it being a Chinese company and the problems/risks that can be present with that, I took the plunge (got shares at $18.35).

They reported earnings this afternoon (call is tonight at 9:00 pm):

Here are a few of the key things that caused me to go ahead and buy the first shares of any company that I have added within my newly-started Roth IRA. If you aren't familiar with them, iQiyi is a Chinese company that provides streaming video with a hybrid ad-supported and subscriber model. It is often referred to as the Netflix of China for a quick shorthand. They IPO'ed March 29th, as they had previously been part of Baidu (BIDU). Here's a recent Seeking Alpha article that I actually have yet to read:

Market Cap at present is about $13.3 billion.
Most recent quarter's revenue came in at $777.6 million
Year-over-year revenue growth of 57% for this quarter (67% for subscription side; 52% for ad-supported side)
Operating loss margin went from -34% to -22% (trending in the right direction)

Knowing how massive China's population, having seen what Netflix has done, and being of the opinion that connected TV advertising will be pretty big deal (big part of why I own The Trade Desk), I went ahead and started a small position, with plans to add along the way if the thesis plays out. I think they currently have about 60-something million paying subscribers, compared to a bit more than 100 million for Netflix and the recently-announced 100 million Amazon Prime subscribers......for 2 comparative data points.

long IQ (as of today after-hours)
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