Vs Media Holdings Limited's Business Segments

VS MEDIA Holdings Limited (VSM BVI) is a company incorporated in the British Virgin Islands. It operates through wholly-owned subsidiaries in Hong Kong SAR, Taiwan, Singapore, and Macau. The company is engaged in the creator economy, supporting independent content creators, curators, and community builders such as social media influencers, bloggers, and videographers. VS MEDIA Holdings Limited provides software and financial tools to assist these creators with growth and monetization. Its primary subsidiaries include VS Communication Limited (Hong Kong SAR), MLINK LIMITED (Macau), VS MEDIA PTE. LTD. (Singapore), VS MEDIA LIMITED (Taiwan), and VS Media Co Limited (BVI). The company's financial statements are consolidated and presented in U.S. dollars, while its operational currencies include Hong Kong dollars, New Taiwan dollars, and Singapore dollars. VS MEDIA Holdings Limited faces legal and operational risks related to its business activities in China due to evolving and sometimes uncertain PRC laws and regulations, including new regulatory measures by the China Securities Regulatory Commission (CSRC) concerning overseas securities offerings and listings by domestic companies.

The registrant operates two reportable segments: marketing services and social commerce. The marketing services segment includes campaign-based marketing, optimization-based marketing, and social media platform marketing services. The social commerce segment involves the sale of products and admission fees. All revenues are generated in Hong Kong and Taiwan. Marketing services revenue primarily comes from service fees charged to brands and advertising revenue from social media platforms. Social commerce revenue is derived from product sales to creators and customers. The Chief Executive Officer, who serves as the chief operating decision maker, uses revenue and operating loss to evaluate segment performance and allocate resources.