Fragwürdige Geschäftspraktiken ...

... hier geht es darum, dass die Firma wahrscheinlich ihre Umsätze hauptsächlich mit einer verdeckten Tochterfirma macht. Das gleiche "Geschäftsmodell" wie bei NQ-Mobile. "The Geo Team" hat hier eine unglaublich umfangreiche detektivische Arbeit geleistet, und in ihrem Artikel dokumentiert:

The GeoTeam

China Mobile Games: Who Is Really Being Played?

Jan. 15, 2015 1:30 PM ET  |  About: China Mobile Games & Entertainment Group Ltd (CMGE), Includes: NQ

Summary

• China Mobile Games is a mobile gaming company that we believe is engaging in questionable business practices and operating in a cloud of obfuscation.
• We believe CMGE could be overstating its revenues significantly through an improperly disclosed relationship with an entity called Zhongzheng.
• The relationship between CMGE and Zhongzheng is reminiscent of NQ Mobile’s relationship with Yidatong: an undisclosed related party of the business.
• We believe the SEC should open a formal investigation probing the company’s non-disclosed entities.
• We urge the company’s auditor, Ernst & Young, to investigate and we believe the risk of these undisclosed entities is not priced into the company’s stock. ...

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