Cost of Revenues

Operating Expenses

Revenue-sharing costs

151,252

19.6%

Sales and marketing expenses

102,659

15.9%

Content costs

146,088

18.9%

General and administrative expenses

451,334

70.0%

Staff costs

88,608

11.5%

Research and development expenses

91,222

14.1%

Server and bandwidth costs

322,649

41.7%