| Market Capitalization (Millions $) |
684 |
| Shares
Outstanding (Millions) |
236 |
| Employees |
1,600 |
| Revenues (TTM) (Millions $) |
19 |
| Net Income (TTM) (Millions $) |
24 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
9F Inc. is a holding company that operates through its PRC subsidiaries and its VIEs. The company does not conduct material operations on its own. To comply with PRC laws and regulations that restrict foreign ownership in companies providing value-added telecommunication services in China, 9F Inc. conducts its value-added telecommunication services in China through its VIEs. Investors in the company's ADSs are not acquiring any equity interest in the operating entities in China, but rather in 9F Inc., a holding company incorporated in the Cayman Islands that does not conduct operations on its own.
The company has entered into contractual arrangements, such as master exclusive service agreements, proxy agreements and powers of attorney, exclusive option agreements, and equity interest pledge agreements with its subsidiaries, VIEs, and shareholders of its VIEs. These arrangements give 9F Inc. the power to direct the activities of its VIEs that significantly impact their economic performance. As the primary beneficiary, 9F Inc. is entitled to receive most of the economic benefits generated by its VIEs and bears the obligation to absorb any economic losses incurred. Additionally, the company has an exclusive option to purchase all or part of the equity interests in each of its VIEs when and as permitted by PRC law.
Company Address: Room 1207, Building No. 5, 5 West Laiguangying Road Beijing 100012
Company Phone Number: (10) 8527-6996 Stock Exchange / Ticker: NASDAQ JFU
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