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Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2019
Summary of significant accounting policies  
Schedule of Property and Equipment Estimated Useful Life

 

 

 

 

 

 

 

    

Estimated useful lives

    

Residual rate

 

Servers and network equipment

 

3-5 years

 

 5

%

Computer equipment

 

5 years

 

 5

%

Furniture, fittings and office equipment

 

3-5 years

 

 5

%

Motor vehicles

 

5 years

 

 5

%

Leasehold improvements

 

Shorter of lease term or 3 years

 

 —

 

 

Analysis of Different Types of Revenues

 

 

 

 

 

 

 

Revenue from continuing operations

 

Years ended December 31, 

(In thousands)

    

2017

    

2018

    

2019

Subscription revenue

 

84,956

 

81,877

 

81,532

Product revenue (note a)

 

32,894

 

54,604

 

8,269

Advertising revenue

 

22,484

 

27,781

 

15,643

Live streaming revenue

 

17,977

 

31,031

 

26,920

Cloud computing service and other internet value-added services (note b)

 

43,600

 

36,839

 

48,903

Total

 

201,911

 

232,132

 

181,267

 

Note a:   Product revenue comprise sales of OneThing Cloud devices and hard disks.

Note b:   Other internet value-added services mainly comprise provision of technical services and online game.

Schedule of Balances of Registered Capital, Additional Paid-in-Capital and Statutory Reserves

 

 

 

 

 

(In thousands)

    

December 31, 2018

    

December 31, 2019

Paid-in capital

 

139,140

 

240,625

Additional paid-in capital

 

161

 

161

Statutory reserves

 

5,132

 

5,132

Total

 

144,433

 

245,918