500.com is a leading gambling company in China. The company is the only government approved private online lottery service provider with over 13 years of experience. 500.com is mainly focused on the lottery games, as well as the sale of sports lottery products in China. 500.com services including online gaming, Sports Lottery Ticket Sales, Sports Information Services, Financial Technology, Sports Lottery Sales Services in China, and Mobile Gaming.
Other companies providing lottery services are:
500.com Company Background
500.com began operations in the online lottery service industry in 2001 in Shenzhen, China. The company was among the first companies to provide online lottery services in China, and one of the two entities that are authorised by the MOF. The company is offering online lottery sales services on behalf of China Sports Lottery Administration Center, that is the government authority in charge of the issuance and sale of sports lottery products in China.
500.com Board of Directors
Yonghong Zhang elected as a director and Chairman of the Board since November 2017. Previously, he was Vice-President of Tsinghua Unigroup since December 2015. He also took several positions in the China Region of Acer Group, CHINA HP Co. Ltd., and Lenovo Group Ltd.
Qian Sun fulfils the position od a director since October 2013. He becomes an independent director from August 2016. Qian Sun is a managing director of Sequoia Capital China. His experience focused on the technology industries.
Bo Yu was elected a director from January 20, 2017. Previously he was the Company’s general counsel. Mr Yu is admitted to the Bar of the State of Michigan.
Honghui Deng is an independent director of the 500.com since May 2011. He is also an independent director at Pacific Special Acquisition Corp., a company listed on NASDAQ. Mr Deng was the founder and served as CEO of HHD Consulting Service LLC from 2003 to 2008.
Yu Wei elected as independent director from November 21, 2013. Previously served as vice president of China Railway Modern Logistics Technology Co., Ltd, He is also the founder of Artix International Group Co., Ltd.
Angel Yan Ki Wong is an independent director since 2015. She has been the President and Executive Director of Advanced Capital Limited since January 2008, and currently acting as a Non-Executive Independent Director at China Public Procurement Limited.
Zhengming Panis a Director and Chief Executive Officer since May 2015. Previously he was acting as President since September 2014 and Chief Financial Officer from April 2011 to August 2014.
Qiang Yuan served as Chief Financial Officer since December 18, 2017. Prior to this he was Chief Financial Officer. He took several positions in the 500.com since 2001: vice president in charge of financial matters (from June 2014 and a senior vice president since July 2016.
Lei Zheng acting as a chief operating officer since 2009 with over 10 years of experience in the information technology industry. Previously he worked at Shenzhen Youshou Digital Co., Ltd. From 2004 to 2007, Mr Zheng worked at Tencent Inc. From 2001 to 2004.
Zhaofu Tian chief technology officer since October 2012 with 10 years of experience in the information technology industry. Mr Tian worked as a director in Tencent Engineering and UTStarcom Shenzhen R&D Center.
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