The Netflix of China tanks 18% after US regulators launch probe on short-seller fraud allegations (IQ)

· *iQiyi, a Chinese streaming service similar to Netflix, said that the US Securities and Exchange Commission has launched an investigation into the company. *
· *Shares of iQiyi tanked as much as 18% in premarket trading Friday. *
· *The probe comes after a short-seller firm called Wolfpack Research questioned iQiyi's...