October 24, 2016 5:46 PM ET


Company Overview of XcelMobility Inc.

Company Overview

XcelMobility, Inc. provides online sports lottery services in China. The company aggregates and processes lottery purchase orders from registered user accounts through provincial sports lottery administration centers for the purchase orders of welfare and sports lottery products. It also provides individual lottery, lottery pool, automatic tag-along, and recurring purchase services; and lotto, sports match lottery, and instant lottery products. XcelMobility, Inc. is based in Palo Alto, California.

2225 East Bayshore Road

Suite 200

Palo Alto, CA 94303

United States

98 Employees





Key Executives for XcelMobility Inc.

XcelMobility Inc. does not have any Key Executives recorded.

XcelMobility Inc. Key Developments

XcelMobility Inc. Announces Executive Changes

The board of directors XcelMobility Inc. announced that Mr. Renyan Ge, Chief Executive Officer agreement expired by its terms on August 31, 2016. As such, Mr. Ge’s term as the Company’s CEO ended as of that date. Ms. Xili Wang as Chief Financial Officer agreement expired by its terms on August 31, 2016. As such, Ms. Wang’s term as the Company’s CFO ended as of that date. In addition, Ms. Wang resigned her position as corporate secretary effective August 31, 2016. Effective September 1, 2016, the Board appointed Mr. Zhixiong Wei, an existing member of the Board, as the Company’s CEO, Ms. Li Ouyang as the Company’s CFO, and Ms. Yang as the Company’s corporate secretary, in each case to hold office until the next annual meeting of stockholders and until a successor is elected and qualified, or until either of their earlier resignation, removal or death. Effective on September 1, 2016, Mr. Ge resigned his position as Chairman of the Board. However, Mr. Ge will continue as a member of the Board. Effective September 1, 2016, Mr. Ge will receive annual compensation of $50,000 for his service as a member of the Board. Effective on September 1, 2016, the Board elected Mr. Wei as Chairman of the Board. Mr. Wei, age 53, is an experienced entrepreneur and executive in China’s internet and mobile lottery industry. He is the Chief Executive Officer of CC Power, a position he has held since February 2015. Prior to that, Mr. Wei served as the Chief Executive Officer of Shenzhen Silvercreek Digital Technology Co., a leading mobile lottery business in China which he founded in 2001. Ms. Ouyang, age 44, has been the Director of Finance for the Company and for CC Power since February 2015. Prior to joining CC Power, Ms. Ouyang was the Finance Manager of Shenzhen Lighting Ltd. from December 2011 to January 2015.

XcelMobility Inc. announced delayed 10-Q filing

On 05/17/2016, XcelMobility Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

XcelMobility Inc. Announces Auditor Changes

XcelMobility Inc. was notified that, effective April 30, 2016, AWC (CPA) Limited has merged with Dominic K.F. Chan & Co (DKFC) and formed DCAW (CPA) Limited, which is registered with the Public Company Accounting Oversight Board (PCAOB). As a result of the Merger, AWC resigned as the company's independent registered public accounting firm on April 30, 2016. On May 4, 2016, the company engaged DCAW (CPA) Limited as its independent registered public accounting firm. The engagement of DCAW was approved by the company's board of directors on May 4, 2016.

Similar Private Companies By Industry

Company Name Region
@RISK, Inc. United States
100Insights, Inc. United States
101 Education, LLC United States
10Pearls, LLC United States
10Six United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact XcelMobility Inc., please visit www.xcelmobility.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.