How and when was Moatable established?
We began our operations in China in 2002 and incorporated our current holding company Moatable, Inc. in February 2006 in the Cayman Islands under our prior name, Oak Pacific Interactive. Through a corporate restructuring in March 2006, Oak Pacific Interactive became the holding company. In December 2010, we changed our corporate name from Oak Pacific Interactive to Renren Inc. In May 2011, we completed our initial public offering and the ADSs representing our Class A ordinary shares began trading on the New York Stock Exchange under the symbol “RENN.” On June 22, 2023, we changed our corporate name from Renren Inc. to Moatable, Inc. and our ADSs started trading under the ticker symbol “MTBL”.
What stock exchange does Moatable trade on and what is its ticker symbol?
Moatable is traded on the New York Stock Exchange under the ticker symbol MTBL.
Which is Moatable's Depositary Bank?
Moatable's Depositary Bank is Citibank N.A
Why was I charged an "American Depository Receipt Fee" on my brokerage statement? What is it for? When and how often will I be charged this fee?
It is an annual depositary service fee Citi ADR charges MTBL ADR shareholders each year. The fee is charged in March each year. A shareholder will be charged at USD2.00 per every 100 ADRs they hold on a cut-off day in March.
Is the company considered foreign or domestic?
The company is currently a domestic issuer. Effective January 1, 2023, we transitioned from a foreign private issuer to a domestic issuer. Commencing fiscal year 2021, we officially moved our global headquarters from Beijing, China to Phoenix, Arizona, where most of our executive and senior management now resides. Our SaaS businesses, whose sales are almost exclusively to customers within the United States, generate the majority of our revenue. A significant portion of our research and development team resides in China, with engineers also employed in the Philippines, United States, Pakistan, and Eastern Europe.
When did Moatable go public?
Moatable went public on May 4, 2011.
What is the ADS to ordinary share ratio?
One (1) ADS represents forty-five (45) ordinary shares.
Has this ratio ever changed? If so, when and how?
Moatable changed the ratio of its American depositary shares ("ADSs") from (1) ADS to three (3) Class A ordinary shares to one (1) ADS to fifteen (15) Class A ordinary shares, taking effect on February 6, 2017.
Moatable changed the ratio of its American depositary shares ("ADSs") from (1) ADS to fifteen (15) Class A ordinary shares to one (1) ADS to forty-five (45) Class A ordinary shares, taking effect on January 9, 2020.
Moatable changed the ratio of its American depositary shares ("ADSs") from (1) ADS to fifteen (15) Class A ordinary shares to one (1) ADS to forty-five (45) Class A ordinary shares, taking effect on January 9, 2020.
When does Moatable's fiscal year end?
Moatable's fiscal year ends December 31.
Who are Moatable's independent accountants?
Moatable's independent auditor is Marcum Asia CPAs LLP.
What are Moatable’s main businesses?
Moatable's main businesses are Saas (software as a service.) business in the United States, which generates revenue from subscription services and advertising services. We currently operate two U.S. software-as-a-service, or SaaS, businesses, Chime and Trucker Path. Our businesses help companies, small business owners, and sole proprietors streamline their operations, reach more customers, and close business transactions using our SaaS products and services.
Who are Moatable’s largest shareholders?
Moatable's top two shareholders are Chairman & CEO Joseph Chen and Softbank. As of May 24, 2023 per our 8-K filing, Mr. Joseph Chen, our founder, chairman and chief executive officer, beneficially owned holds 156,204,091 Class A ordinary shares and 170,258,970 Class B ordinary shares, representing 37.2% of total outstanding shares and 77.1% of total voting power of the Company.SoftBank Group Capital Limited holds 117,388,451 Class A ordinary shares of the Company, representing in 13.9% of our total outstanding shares and 4.9% of the total voting power.