Chinese streaming giant iQiyi Inc. (NASDAQ: IQ) was recently spun off from China's search leader Baidu Inc. (NASDAQ: BIDU), raising an estimated $2.25 billion in the process. Investors love a good comparison, and in that vein have taken to calling the streaming service "the Netflix (NASDAQ: NFLX) of China." While it's true that both companies provide streaming video to consumers, there are some significant differences between their business models.Let's look at the ways in which iQiyi is different from Netflix, and how they are similar.Continue reading