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                            July 28, 2023

       Jun Wang
       Chief Financial Officer
       iQIYI, Inc.
       No. 21, North Road of Workers' Stadium
       Chaoyang District, Beijing 100027
       People   s Republic of China

                                                        Re: iQIYI, Inc.
                                                            Form 20-F for 
Fiscal Year Ended December 31, 2022
                                                            Response Dated June 
20, 2023
                                                            File No. 001-38431

       Dear Jun Wang:

              We have reviewed your June 20, 2023 response to our comment 
letter and have the
       following comments. In some of our comments, we may ask you to provide 
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by 
providing the requested
       information or advise us as soon as possible when you will respond. If 
you do not believe our
       comments apply to your facts and circumstances, please tell us why in 
your response.

             After reviewing your response to these comments, we may have 
additional
       comments. Unless we note otherwise, our references to prior comments are 
to comments in our
       May 22, 2023 letter.

       Response Dated June 20, 2023

       Introduction, page 1

   1.                                                   We note your proposed 
amended disclosure in response to comment 1 and we reissue in
                                                        part. Please revise to 
include a definition of    China    and the    PRC.   
       Item 3. Key Information, page 3

   2.                                                   We note your proposed 
amended disclosure in response to comment 4 and reissue in part.
                                                        We note that you have 
provided cross-refences to your risk factors. Please revise to also
                                                        provide 
cross-references to your summary risk factors.
 Jun Wang
FirstName
iQIYI, Inc. LastNameJun Wang
Comapany
July        NameiQIYI, Inc.
     28, 2023
July 28,
Page  2 2023 Page 2
FirstName LastName
3.       We note your response to comment 7 and we reissue in part. Please 
provide your
         proposed revised structure chart and the include the summaries of the 
contractual
         arrangements in Item 3.
4.       We note your response to comment 8 and reissue in part. We note the 
proposed disclosure
         still maintains that you receive the economic benefits of the variable 
interest entities. Any
         references to control or benefits that accrue to you because of the 
VIEs should be limited
         to a clear description of the conditions you have satisfied for 
consolidation of the VIEs
         under U.S. GAAP. Please revise.
5.       We note your response to comment 9, including that you undertake to 
provide the specific
         risk factor cross reference (with title and page number) to each risk 
disclosed in    Risks
         Related to Our Corporate Structure    and    Risks Related to Doing 
Business in Mainland
         China.    It appears that you have not provided proposed disclosure 
for each of the
         summary risk factors in "Risks Related to Doing Business in Mainland 
China." Please
         provide such proposed disclosure.
       Please contact Rucha Pandit at (202) 551-6022 or Cara Wirth at (202) 
551-7127 with any
questions.



                                                               Sincerely,

                                                               Division of 
Corporation Finance
                                                               Office of Trade 
& Services
cc:      Haiping Li