V1 Group Limited is one of the largest new media enterprises in China which principally engage in the production and broadcasting of internet video news, web TV and mobile video news, as well as online advertising. Besides, we also engage in lottery-related business.
VODone Telemedia Company Limited
VODone Telemedia is a company incorporated in the PRC in 2005. It is one of the few enterprises in China to own a complete set of licenses to operate video broadcasting on the Internet. VODone Telemedia has contracted the technical and promotional services to the Group, for 50 years. In return, the Group will receive revenues from the tele-media value added services of VODone Telemedia. VODone Telemedia's customers include users of broadband Internet and mobile phone users. VODone Telemedia is a new media company which includes the Internet, telecommunications and media as well as the first new media company which operates online advertisement broadcasting and live online shows.
Owns a full set of qualifications and licenses in China’s internet video industry
A leading high-tech service provider for the mobile lottery in China
A leading mobile game developer in the PRC
A strong balance sheet with net cash of about RMB400m
Strong support from the Ministry of Civil affairs