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Company Description (as filed with the SEC)
We began operations in the online lottery service industry in 2001 through one of our consolidated affiliated entities, E-Sun Network Co., Ltd., or E-Sun Network, in Shenzhen, China. In May 2006, E-Sun Network established its wholly owned subsidiary, E-Sun Sky Network Technology Co., Ltd., or E-Sun Sky Network, which became our major operation entity for our online lottery services business. See "Item 4C. Organizational Structure" for a diagram illustrating our corporate structure as of December 31, 2013. On November 22, 2013, our ADSs began trading on the New York Stock Exchange under the ticker symbol "WBAI." We issued and sold a total of 6,653,900 ADSs, representing 66,539,000 Class A ordinary shares, at an initial offering price of $13.00 per ADS. Our principal executive offices are located at 500.com Building, Shenxianling Sports Center, Longgang District, Shenzhen, 518115, People's Republic of China. ... More ...
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