Question 1

PEOPLE LEARN YOUR HISTORY!!!! THIS IS JUST ANOTHER STEP TO THE CHINA TAKE OVER OF AMERICA.. THE DREAM FOR MANY YEARS.. THEY KNEW THEY CANT BEAT US IN WAR SO THEY DECIDED TO BE FREINDS FAKE FRIENDS!!!!!! RESEARCH IT!!!!

Accepted Answer

Hi Travis, my name is Bob and I'm the CEO of The China Project. I'm not sure what you're talking about. We are a U.S. company that provides news coverage of China, much of which is highly critical of the Chinese government. What 'step to the China take over of America' are you referring to here?

Question 2

What is the breakdown in revenue? How much is from events vs the subscription products?

Accepted Answer

Hi Dillon, thanks for the question! Over the past 2-3 years, revenue breakdown has been approximately one-third subscriptions, one-third events, one-third business services and other revenue sources. You can find all of this information in our audited financials through the Wefunder platform or directly through the SEC filings. This being said, going forward -- we expect subscription revenue to make up a larger and larger share of our overall revenue. It is our #1 strategic growth focus, and ...

Question 3

How do you envision shareholders making a return on their investment? This looks like a great business but I think large companies might balk at acquiring the China Project out of fear that their main business could suffer repercussions from the Chinese government. Can you als...

Accepted Answer

Hi Kevin, these are both great questions. Regarding how investors might make a return -- there are of course many ways investors may make a return, and we are unable to offer much concrete guidance on the likelihood of any of those outcomes for compliance reasons. We can't really comment too strongly on future events that haven't taken place yet. This being said, we do view some form of acquisition by a strategic acquirer as our most preferred form of future exit, and while you're right that ...

Question 4

You mention that a competitor recently raised $14M from Sequoia Capital. Why have you choosen crowdfunding instead of receiving funding from a single, large VC too? And how was the previous $1.6M you raised in late-2021 spent?

Accepted Answer

Hi Marc, these are excellent questions. Regarding why we opted not to go with a single, large investor, there are a few reasons. I will list our reasoning in ascending order of importance, culminating in the main reason we are going Reg CF, which is it is the fullest expression of our vision and identity as an independent news and data provider. The first and smallest reason is that we found most VCs unwilling to invest in us because investing in a news platform that is at times highly critic...

Question 5

First, Besides subscription, event and business services, will database business become one of the pillar of the China project in the next couple of years? If so, could you share some plans about the data business? Second, when the audited 2022 financials become available, wil...

Accepted Answer

Hi Yalin, thanks for these great questions. Regarding the database business -- we have two products that are live and generating some revenue, but they remain in their "version 1.0" status. They are not ready to scale in the market -- although some of our core and most dedicated clients have paid for them and are using them. We foresee these products beginning to contribute more revenue as a percent of our total beginning in Q3 or Q4 this year. That being said, it is too early to say whether ...

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