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  "documentTitle": "NQ Mobile (NQ)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2013-10-24 00:00:00",
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      "text": "Sellers report very few sales.",
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      "text": "Photos of Beijing kiosk and Guangzhou store",
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      "text": "District, Beijing. (Of note, NQ's registered addresses for the WFOE and VIE are also in Zhongguancun.) This seller sells no products or services except for NQ cards, although the stand appears to be under common ownership with the kiosk on its right.",
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      "text": "Whereas the Beijing seller's kiosk embraced a minimalist aesthetic, the Guangzhou seller looks like a Costco, featuring a virtual cornucopia of products available for sale.",
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      "text": "We interviewed both vendors about the prepaid cards and learned that neither sells very many cards, and neither thought there were other vendors nearby. The Guangzhou seller said she was not sure whether there were other distributors nearby.",
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      "text": "The Beijing seller echoed the Guangzhou seller, stating that while there were some sales, they do not sell a lot, and not for much profit. Mr. Zhang, the vendor, indicated people who do buy tend to be customers who already knew the product.",
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      "text": "40 In China vendors of a specific product type typically group together and a popular product will quickly spread throughout a marketplace and to other similar markets as well.",
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      "text": "NQ's China Prepaid Card Distributors in Beijing and Guangzhou",
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