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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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  "notes": "The slide highlights NQ security's low market share (1%) and includes a quote from NQ attempting to explain away discrepancies in market data.",
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      "text": "NQ recently addressed the paucity of downloads in these stores with a non sequitur:",
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      "text": "market share: 1.00%",
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      "text": "NQ recently addressed the paucity of downloads in these stores with a non sequitur:",
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      "text": "These two stores represent over 200 million downloads of security apps, including significant downloads of apps produced by the clear market leaders, QIHU and Tencent. Again, it seems NQ wants investors to accept that there are places in China with their own very special mobile internet, and users who are super motivated to seek out NQ.",
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      "text": "For example, if an analyst tried to verify market share data for handsets in China... one might conclude from this faulty sampling methodology that there is no way that Huawei, ZTE, Lenovo, or Xiaomi would have the kind of market share that actually exists.",
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      "text": "For example, if an analyst tried to verify market share data for handsets in China and surveyed 1000's of people in the streets of Beijing or Shanghai, they might find results that would show 65% of users have Samsung-branded phones while 35% have Apple's iPhone. One might conclude from this faulty sampling methodology that there is no way that Huawei, ZTE, Lenovo, or Xiaomi would have the kind of market share that actually exists. — NQ \"Response to J Capital Report Titled, ‘NQ: Not At Any Price,’” August, 2013, p.2.",
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      "text": "52 NQ \"Response to J Capital Report Titled, ‘NQ: Not At Any Price,’” August, 2013, p.2.",
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      "text": "Table of 25 apps with download counts and percentages, highlighting NQ security at 1.00%.",
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      "kind": "title",
      "text": "91 Zhu Shou Top 25 Mobile Security Apps (Oct. 20, 2013)",
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