Hello everyone,
First allow me to introduce myself. I have lived in Beijing for a number of years, I live approx 15 min cab ride from the NQ office. After the MW report I bough in to NQ. I work in a foreign owned internet company and on seeing the ME report I asked both our CTO and IT admin about NQ. Bother of them immediately knew the company. They said they are not top tier like Baidu or Tencent but definitely exist. I then saw the 600 plus reviews on the Google play store and bought in.
anyway as I have a couple of days before the Xmas hols I visited the NQ Office today completely unannounced. I took 20 or so pics and can forward them on to anyone that is interested. Just PM me here and I will get them to you by tomorrow. Here is what I saw:
- the office is just off the second ring road not far from the Lama temple in Beijing. It is in a quite small IT park and easy to find. The security guards knew the location of the company immediately
- NQ has it's own building of a decent size. Not too plush and bling but pretty good by Chinese standards. All the time I was there which was about half an hour there was a steady stream of staff in and out of reception. It was busy, all staff with an ID card but security was low
- on the ground floor there was approx 8 offices plus meeting rooms. Each office with approx 10-20 staff and most seemed to be developers. It was quiet but entrepreneurial. It was. Not a call centre type environment. Anyone who has seen a Chinese delopment centre will know what I mean. Everyone seemed to be working, actually quite unusual in china. I would guess there area couple of hundred employees working here
- reception had a screen slide show with dated slides showing daily messages, Q3 results, client wins etc. I took pics of a few of the slides.
- I was brought into a meeting room with many certificates on the wall, pics of the timeline of the company development for each year etc. lots of material here. I took pics of most of it.
- as I had no appointment I was not allowed up to the higher floors but given Michelle's details from IR to arrange
As I said on seeking alpha I will leave the product reviews and financial analysis to others but I can guarantee you that the BJ office is very real and functioning. Felt confident in my investment leaving the place.
Happy Xmas to longs, I feel the odds are very substantially in our favour.
