Please click and read this disclaimer if you wish to continue with the contents below. Vobile Group(HK:3738) is the world's largest online copyright protection and content monetization SaaS service provider. The main income is divided into subscription SaaS and transaction SaaS. Its share price surged 22.25% today. Subscription SaaS: Mainly copyright protection and metering platform. Copyright protection is easier to understand. Help customers to find illegal use of the broadcast and feedback to the copyright owner. Metering is a technical means to measure the promotion effect of advertising. Subscription SaaS is a fixed service fee. Financial reports are reflected in contract liabilities. Customers are mainly Disney, Warner, Universal film and television companies with a large amount of high-quality copyrighted content. These companies have a fixed budget each year. In the era of content flow, content copyright and copyright protection are both...