Comparing the current results to its competitors, Ceetop Inc reported Revenue decrease in the 2 quarter 2016 year on year by 0 %, despite the revenue increase by the most of its competitors of 7.63 %, recorded in the same quarter.
Ceetop Inc's Comment on Competitors and Industry Peers
The Company’s operations are carried out solely in the PRC. Accordingly,
the Company’s business, financial condition and results of operations may
be influenced by the political, economic and legal environments in the PRC, and
by the general state of the PRC’s economy. The Company’s business
may be influenced by changes in governmental policies with respect to laws and
regulations, anti-inflationary measures, currency conversion and remittance abroad,
and rates and methods of taxation, among other things.
The Company is subject to substantial risks from, among other things, intense
competition associated with the industry in general, other risks associated with
financing, liquidity requirements, rapidly changing customer requirements, limited
operating history, foreign currency exchange rates and the volatility of public
markets.