Comprehensive Overview

The Group is a mobile game developer and operator in China, with a special focus on board and other casual mobile games. According to Frost & Sullivan's report, based on revenue in 2017, the group ranked fifth in the Chinese chess and card mobile game market, accounting for about 4.0% of the market share. According to the average number of active monthly users of group board games in 2017, the group ranked fourth in the Chinese chess and card mobile game market, with an estimated average monthly active users of about 21.6 million.

Risk Factors

There are a number of regulations and laws relating to gambling in China. If the group fails or is deemed to have failed to comply with the above and other regulations or laws, regulations and regulations, it may result in damage to reputation and government agencies to take action against the group. Such lawsuit or action may cause the Group to face serious punishment, generate adverse reports against the Group, require the Group to change its business practices, increase costs, and interrupt operations.