### Comment:
comparing to netflix it has higher subscriber #s right? so valuation at less than half of netflixes valuation isn't insane

### REPLY:
iQiyi is more like a combination of YouTube and Netflix. Only a small portion of it's active users buy the premium subscription. Most of its revenue is from ads, like YouTube. It does have at least 400M active monthly users, though.  
  
 I think $70B valuation by this year is way too much of a stretch, but I do also have $20 Sept calls with 200%+ gains.

### END.