By Dave Sebastian

iQiyi Inc., a Netflix-like video-streaming company in China, said its internal review didn't find evidence substantiating allegations raised in a report issued by short-seller investment-research firm Wolfpack Research.

The internal review was conducted by unnamed professional advisers, the company said. Wolfpack earlier this year queried iQiyi's user numbers, sales, expenses and a sizable 2018 takeover. The company is under investigation by the U.S. Securities and Exchange Commission, and Monday said it would continue cooperating with the regulator.

The company said it would provide the SEC with documents and records related to the internal review. iQiyi in August said the SEC asked for financial and operating records from January 2018 onward, as well as documents tied to acquisitions and investments cited by Wolfpack.

The SEC probe came amid heightened security of accounting at U.S.-listed Chinese companies. In April, Luckin Coffee Inc., an upstart Chinese rival to Starbucks Corp., said employees had fabricated more than $300 million in sales.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

10-05-20 1003ET