As a global investment management specialist, Far East Holding Group Co., Ltd. (Far East Holding Group) sticks to the enterprise’s development strategy of “main business + investment”, focusing on investment in fields like smart energy, massive health, massive consumption, massive culture, food and beverages, advanced manufacturing, industrial automation and TMT. Since the second half of 2016, the auditing process of China Securities Regulatory Commission (CSRC) has been obviously accelerated and the time taken up for issuing the CSRC IPO approval has been gradually reduced. Two companies invested by Far East Holding Group has benefited from that. G-bits Network Technology Xiamen Co., Ltd. (hereinafter referred to as “G-bits”; stock code: 603444) has completed the IPO review procedures, while CSRC has approved the IPO application of ArcherMind Technology (Nanjing) Co., Ltd. (hereinafter referred to as “ArcherMind”). The two companies are about to conduct IPOs in the near future.
On December 2, 2016, CSRC approved IPO applications for G-bits and other 12 companies. It is estimated that G-bits is to be listed on January 4, 2017.
Founded on March 26, 2004, G-bits is a national key software enterprise specializing in creative planning, R&D and production, and commercial operation of online games. Since its establishment, the company has been engaged in game client market and successfully developed several online games based on traditional Chinese culture like Wendao, Wendao Waizhuan, and Douxian. Over years of rapid development and technology accumulation, G-bits is growing constantly with strengthened technology R&D ability and diversified product mix, and has actively developed web games and mobile games including Zhanluan, Cainiao Shenbing, Nushen Juexing, Zhanjiang Fengshen and Wendao Shouyou. At present, these games have attracted players from mainland China, Vietnam, Indonesia, Malaysia, Republic of Korea, the United States, Canada, Taiwan, Hong Kong and Macau and other countries and regions. Wendao, the representative product of G-bits was put into commercial operation in 2006, and won the title of “2006 Most Popular Online Game” among China’s top online games selected by Tencent in the same year. The number of peak concurrent users (PCU) of the game has nearly reached one million. The operating indicators of Wendao maintained normal during its commercial operation over the past 10 years. During the reporting period, it maintains a stable recharge amount every month; the number of PCU ranges from 300,000 to 600,000; the number of average concurrent users (ACU) is above 200,000 on a long-term basis. Thanks to a strong user base and substantial IP value of Wendao, the user scale and recharge amount of Wendao Shouyou have been increasing rapidly since its launch in April 2016, and it has hit a peak of 0.5 million concurrent users in a month.
Over years of R&D and operation of online games, G-bits has accumulated an enormous number of game users. Up to the end of 2016, the company has over 400 million registered users and more than 23 million paying users, and the recharge amount totals up to RMB 8.4 billion. The big data analysis of extensive users provides strong support for the company’s R&D and operation decisions. Based on the analysis results, G-bits has further improved its game design mechanism to make games more attractive, better meet users’ needs, increase customer satisfaction and occupy more market shares.
On December 16, 2016, CSRC approved the IPO applications of ArcherMind and other seven companies. On December 23, 2016, CSRC allowed ArcherMind and other eight companies to conduct IPOs, marking ArcherMind’s first step into the capital market. It only took a week for ArcherMind to be approved and receive approval from CSRC, which is impossible in the past. It fully indicates that the review procedures of CSRC have been accelerated, and it is predicated that the acceleration will continue.
Far East Holding Group has invested in ArcherMind with funds from the Shanghai Guohe Fund, which is a PE fund jointly founded by Far East Holding Group, Shanghai International Group, Shanghai Lujiazui Financial Group and other well-known enterprises. Since its establishment, the Fund has been invested in a number of promising domestic projects like Industrial Bank Co., Ltd., Guotai Junan Securities and Omnijoi Media Corporation.
Founded in September 2006, ArcherMind is a world-leading provider of mobile Internet software and smart terminal technology dedicated to providing full lifecycle solutions for customers across the globe. The company headquarters in Nanjing, China, and has established branches and R&D centers in China’s major cities, the United States and Canada. ArcherMind ensures product quality and customer satisfaction by flexibly integrating onsite and offshore business mode and developing software strictly in accordance with CMMI and ISO quality and safety management systems.
ArcherMind is engaged in software development and technical support service based on mainstream mobile operating systems, developing terminal platform solutions, and development and operation of mobile Internet software. Its main businesses include system platform of mobile devices, converged communications, application software, human-computer interaction techniques and mobile Internet software. It provides full lifecycle solutions of mobile software for customers worldwide, covering consulting, design, development, testing and technical support. It offers solutions for Android smartphones, tablet computers and data communication terminal. ArcherMind has a valued and solid customer base and has established long-term cooperative relationships with multiple world-famous mobile chip manufacturers, mobile terminal equipment manufacturers and mobile Internet software providers. Besides, the company has established long-term and amicable partnerships with many world-class clients. Its customers mainly consist of mobile terminal equipment manufacturers, world leading mobile chip manufacturers, and mobile Internet software providers, including companies engaged in mobile chip manufacturing like Intel, Hisilicon, MTK, Qualcomm, Broadcom and Marvell, mobile terminal equipment manufacturers such as Huawei, HTC, TCL and Bosch, and enterprises specializing in development and operation of mobile Internet software like Alibaba, Huawei, China Mobile, China Unicom and China Telecom.
Far East Holding Group has achieved repeated success in external investment and obtained extraordinary outcomes. Up to December 31, 2016, the number of enterprises invested by the Group reached 330, with 86 successfully going public (including 28 New Three Board listed companies), one waiting for the date of IPO, and 19 IPO pre-disclosure enterprises; in 2016, the Group made excellent overall performance with 17 invested companies going public (including 7 New Three Board listed companies) and 7 successfully passed the IPO review procedures.
