Mobile payment and messaging platform for telecom providers in China, plus a big-data analytics service (Sapientus) for insurance and financial services.
Revenue USD 0.02B (2026 annual), declining from USD 0.04B prior years. Gross margin 2.88%, but operating and net margins deeply negative (-28.76%, -29.00%). No profitable business line visible.
No durable moat. Razor-thin gross margins (under 3%) and persistent operating losses suggest commoditized services with no pricing power. Chinese telecom relationships are replaceable; RCS and SMS are standard tech. Sapientus lacks disclosed competitive differ
