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Summary of significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2020

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		—	​

Summary of estimated useful lives of the intangible assets

​

​	​	​
​		Estimated useful lives
Land use rights		30 years
Acquired computer software		5 years
Online game licenses		1-3 years
Audio-visual license		9 years

Analysis of Different Types of Revenues

​

​	​	​	​	​	​	​
Revenue from continuing operations	​	Years ended December 31,
(In thousands)		2018		2019		2020
Subscription revenue		81,877		81,532		84,299
Product revenue (note a)		54,604		8,269		1,412
Live streaming revenue		31,031		26,920		20,866
Advertising revenue		27,781		15,643		13,206
Cloud computing service and other internet value-added services (note b)		36,839		48,903		66,900
Total		232,132		181,267		186,683

​

Notes:

(a)   Product revenue comprise sales of OneThing Cloud devices and hard disks.

(b)   Other internet value-added services mainly comprise provision of technical services.

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