Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 1)*
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iQIYI, Inc. (Name of Issuer) |
Class A Ordinary Share (Title of Class of Securities) |
46267X108 (CUSIP Number) |
12/31/2024 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 46267X108 |
| 1 | Names of Reporting Persons
Best Ventures Limited | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
VIRGIN ISLANDS, BRITISH
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
322,766,458.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
8.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: Rows (5) and (7) represents 322,766,458 class A ordinary shares (including in the form of American depositary shares ("ADSs") directly held by Best Ventures Limited (formerly known as Xiaomi Ventures Limited). Best Ventures Limited is a company incorporated in British Virgin Islands. Best Ventures Limited is beneficially owned and controlled by Xiaomi Corporation.Row (11) is calculated based on a total of 6,716,137,985 ordinary shares of the Issuer outstanding as of December 31, 2023, including 3,675,039,807 class A ordinary shares and 3,041,097,278 class B ordinary shares, as disclosed by the Issuer in its Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 14, 2024.
SCHEDULE 13G
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| CUSIP No. | 46267X108 |
| 1 | Names of Reporting Persons
Xiaomi Corporation | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
322,766,458.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
8.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: Rows (5) and (7) represents 322,766,458 class A ordinary shares (including in the form of American depositary shares ("ADSs") directly held by Best Ventures Limited (formerly known as Xiaomi Ventures Limited). Best Ventures Limited is a company incorporated in British Virgin Islands. Best Ventures Limited is beneficially owned and controlled by Xiaomi Corporation.Row (11) is calculated based on a total of 6,716,137,985 ordinary shares of the Issuer outstanding as of December 31, 2023, including 3,675,039,807 class A ordinary shares and 3,041,097,278 class B ordinary shares, as disclosed by the Issuer in its Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 14, 2024.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
iQIYI, Inc. | |
| (b) | Address of issuer's principal executive offices:
9/F, iQIYI Innovation Building, No. 2 Haidian North First Street, Haidian District, Beijing 100080, People's Republic of China | |
| Item 2. | ||
| (a) | Name of person filing:
(i) Best Ventures Limited; and (ii) Xiaomi Corporation (collectively, the "Reporting Persons") | |
| (b) | Address or principal business office or, if none, residence:
For Best Ventures Limitedc/o P.O. Box 2221Road Town, TortolaBritish Virgin IslandsFor Xiaomi CorporationRainbow City Office Building68 Qinghe Middle StreetHaidian District, BeijingPeople's Republic of China | |
| (c) | Citizenship:
Best Ventures Limited - British Virgin Islands; Xiaomi Corporation - Cayman Islands | |
| (d) | Title of class of securities:
Class A Ordinary Share | |
| (e) | CUSIP No.:
46267X108 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
Best Ventures Limited: 322,766,458 class A ordinary sharesXiaomi Corporation: 322,766,458 class A ordinary shares | |
| (b) | Percent of class:
Best Ventures Limited: 8.8%Xiaomi Corporation: 8.8% %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
Best Ventures Limited: 322,766,458 class A ordinary sharesXiaomi Corporation: 322,766,458 class A ordinary shares | ||
| (ii) Shared power to vote or to direct the vote:
Best Ventures Limited: 0Xiaomi Corporation: 0 | ||
| (iii) Sole power to dispose or to direct the disposition of:
Best Ventures Limited: 322,766,458 class A ordinary sharesXiaomi Corporation: 322,766,458 class A ordinary shares | ||
| (iv) Shared power to dispose or to direct the disposition of:
Best Ventures Limited: 0Xiaomi Corporation: 0 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature: The Joint Filing Agreement filed as exhibit to the Schedule 13G filing on February 1, 2019 is incorporated herein by reference.https://www.sec.gov/Archives/edgar/data/1722608/000119312519024718/d686725dex99a.htm