Investors are getting nervous about iQiyi (IQ), the online streaming provider often referred to as the "Netflix of China," as regulators examine allegations of inflated earnings. Shares of the Nasdaq-listed company fell 11.6% in pre-market trading Friday after iQiyi revealed that the US Securities and Exchange Commission had opened an investigation into its practices following a controversial report alleging massive fraud at the firm.
Click here to read more -->'China's Netflix' is being investigated by the SEC for alleged fraud
