{
  "docId": "019dd923-622c-750b-8b96-320acde85f99",
  "docSlug": "339649d36580",
  "documentTitle": "NQ Mobile (NQ)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2013-11-01 00:00:00",
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  "pageNumber": 11,
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  "density": "balanced",
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  "notes": "The slide highlights the tension between corporate claims and external skepticism, specifically regarding user definitions, financial transparency, and business relationships.",
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  "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/11",
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  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "NQ Yu Lin: NQ will never quit. We are not planning on delisting our company. Our goal is to make NQ a great company that will last 100 years!",
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      "kind": "list",
      "text": "Q&A exchanges between users (Xudong Zhu, Pixiu Chen, Duan Jian) and CEO Yu Lin regarding user metrics, delisting rumors, and bank savings.",
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      "kind": "paragraph",
      "text": "[Caijing News] At noon on October 29, after days of delay on a response, NetQin Mobile (hereafter, NQ) CEO Yu Lin accepted a Q&A session with web users at Xueqiu Net, openly addressing the report from Muddy Waters.",
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      "kind": "paragraph",
      "text": "Below are from the Q&A session with web users:",
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      "kind": "quote",
      "text": "NQ Yu Lin: First, we have already made all the bank savings public. We are probably the first listed company globally that is this transparent. Further work is still ongoing. The $1.6 billion in the Standard Chartered Bank is the investment money from the convertible bonds. Second, the issue with ZTE Corporation is a misunderstanding by the media. The interviewee does not have enough knowledge — NQ Yu Lin.",
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      "kind": "title",
      "text": "NetQin Mobile CEO Yu Lin: We have filed a lawsuit in China against Muddy Waters, and are considering organizing an anti-Muddy-Waters group.",
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      "evidence": "Slides 6-18 present NetQin's defensive responses",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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