11-04-2013, 08:05 AM
In any case DSO is old news and have been explained by NQ:
'The company has repeatedly provided the following explanation for the lengthy time it takes to get paid in China. Unlike in the U.S., payments for smartphone applications are run through multiple companies before they reach NQ. First, the carrier is paid by the consumer. This can take 30-60 days. Then the carrier pays a 3rd party vendor, which can also take 30-60 days. Lastly the vendor pays NQ, which again can take 30-60 days. Simple math tells you that payment can therefore fall anywhere between 90-180 days'
So should be new news to market..
'The company has repeatedly provided the following explanation for the lengthy time it takes to get paid in China. Unlike in the U.S., payments for smartphone applications are run through multiple companies before they reach NQ. First, the carrier is paid by the consumer. This can take 30-60 days. Then the carrier pays a 3rd party vendor, which can also take 30-60 days. Lastly the vendor pays NQ, which again can take 30-60 days. Simple math tells you that payment can therefore fall anywhere between 90-180 days'
So should be new news to market..