Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Rapidly evolving market with significant challenges.
• Intense competition.
• Limited operating history.
• Rapid growth and expansion straining management and resources.
• Need to keep up with industry trends and technological developments.
• Monetization strategies may not generate sustainable revenues and profit.
• Inability to obtain sufficient pricing.
• Significant capital requirements.
• Difficulty attracting, retaining, and engaging skilled personnel.
• Dependence on customer cooperation.
• Competition with other advertising platforms.
• Software bugs or vulnerabilities.
• Impact of COVID-19 pandemic.
• Failure to protect intellectual property rights.
• Unauthorized disclosure of source code.
• Patent expiration and potential challenges.
• Intellectual property infringement.
• Trademark and domain name infringement.
• Dependence on IT systems and infrastructure.
• Inability to collect receivables.
• Need for licenses and approvals.
• Complexity and changes in PRC regulations.
• Data security and privacy compliance.
• Brand recognition.
• Interoperability with AR hardware.
• Potential litigation.
• Negative media coverage.
• Ineffective internal controls.
• Risks associated with strategic alliances and acquisitions.
• Limited business insurance coverage.
• Changing laws and regulations.
• VIE structure and PRC regulations.
• Conflicts of interest.
• PRC legal system uncertainties.
• VIE bankruptcy or liquidation.
• PRC tax authorities scrutiny.
• Company chop security.
• Adverse changes in China's economic, political, or social conditions.
• Global economic downturn.
• PRC legal system uncertainties.
• Unfavorable tax consequences.
• PRC regulations on offshore investment.
• Restrictions on dividend payments.
• Exchange rate fluctuations.
• Governmental control of currency conversion.
• Employee stock ownership plan regulations.
• Defective leased property interests.

Mitigation Strategies

• Implementing measures to remediate material weakness in internal control over financial reporting (e.g., streamlining accounting department, hiring new reporting manager, providing internal training).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: U.S. GAAP

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Rapidly evolving market with intense competition and short product life cycles.
• Significant capital requirements for R&D.
• Competition for skilled personnel.
• Reliance on customer cooperation.
• Competition from other advertising platforms.
• Potential software bugs and vulnerabilities.
• Impact of the COVID-19 pandemic.
• Protection of intellectual property rights.
• Potential infringement of intellectual property rights of others.

Mitigation Strategies

• Continued investment in R&D and innovation.
• Efforts to attract and retain skilled employees.
• Diversification of revenue streams.
• Regular updates to products and software.
• Monitoring and adapting to the evolving COVID-19 situation.
• Use of patents, copyrights, trademarks, and trade secrets to protect intellectual property.
• Due diligence to avoid infringement of others' intellectual property.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Rapidly evolving market with intense competition and short product life cycles.
• Significant capital requirements for R&D.
• Competition for skilled personnel.
• Dependence on customer cooperation.
• Competition from other advertising platforms.
• Potential software bugs and vulnerabilities.
• Impact of the COVID-19 pandemic.
• Challenges in protecting intellectual property rights.
• Risk of infringing on others' intellectual property.
• Dependence on IT systems and infrastructure.
• Dependence on Internet infrastructure in China.

Supply Chain Management

Climate-Related Risks & Opportunities