Sos Limited's Comment on Sales, Marketing and Customers
The company transitioned from a legacy marketplace lending platform to focus on data mining and targeted marketing services following its acquisition of YBT (Yongbao Two Ltd.) and its variable interest entity SOS Information Technology Co., Ltd. It disposed of its peer-to-peer lending business subsidiaries to Hantu (Hangzhou) Asset Management Co., Ltd. Subsequently, the company shifted to providing high-technology services, including marketing data, technology, and solutions for insurance companies and emergency rescue services in China. The company also engaged in contractual arrangements with Qingdao SOS Investment Management Co., Ltd. and Qingdao SOS Industrial Holding Co., Ltd., which were terminated in 2022. Customers and markets referenced include Hantu (Hangzhou) Asset Management Co., Ltd., Qingdao SOS Industrial Holding Co., Ltd., Qingdao SOS Investment Management Co., Ltd., True North Financial, LLC, and YBT (Yongbao Two Ltd.).
Sos Limited’s Comment on Sales, Marketing and Customers
The company transitioned from a legacy marketplace lending platform to focus on data mining and targeted marketing services following its acquisition of YBT (Yongbao Two Ltd.) and its variable interest entity SOS Information Technology Co., Ltd. It disposed of its peer-to-peer lending business subsidiaries to Hantu (Hangzhou) Asset Management Co., Ltd. Subsequently, the company shifted to providing high-technology services, including marketing data, technology, and solutions for insurance companies and emergency rescue services in China. The company also engaged in contractual arrangements with Qingdao SOS Investment Management Co., Ltd. and Qingdao SOS Industrial Holding Co., Ltd., which were terminated in 2022. Customers and markets referenced include Hantu (Hangzhou) Asset Management Co., Ltd., Qingdao SOS Industrial Holding Co., Ltd., Qingdao SOS Investment Management Co., Ltd., True North Financial, LLC, and YBT (Yongbao Two Ltd.).
Sources:
Sos Limited’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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