v3.26.1
Other Assets (Tables)
12 Months Ended
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets
 
  
As of December 31,
 
 
  
2024
 
  
2025
 
  
2025
 
 
  
RMB
 
  
RMB
 
  
US$
 
 
  
(In millions)
 
Inventories
     5,989        6,200        887  
Advances to suppliers
     3,048        5,180        741  
VAT prepayments
     2,262        3,215        460  
Contract assets, net
     2,353        1,904        272  
Receivables from online payment agencies
     1,033        1,144        164  
Others
     4,133        5,102        729  
  
 
 
    
 
 
    
 
 
 
Total other current assets
     18,818        22,745        3,253  
  
 
 
    
 
 
    
 
 
 
Long-term advances to suppliers
     8,870        17,997        2,574  
Loan due from PAG
(i)
     3,814        4,474        640  
Prepaid licensed copyrights
     2,289        3,507        501  
Others
     1,842        1,577        226  
  
 
 
    
 
 
    
 
 
 
Total other non-current assets
     16,815        27,555        3,941  
  
 
 
    
 
 
    
 
 
 
 
(i)
In 2024, iQIYI entered into facility agreement with PAG and provided PAG loan facilities up to US$523 million in aggregate, with an interest rate of 6% per annum. In October 2025, iQIYI entered into another facility agreement with PAG which provided an additional loan facility of US$114 million, with an interest rate of 4.5% per annum. Both loans will due on the date which PAG and its affiliates cease to hold any portion of the iQIYI PAG Convertible Notes (Note 15).