Financial Data and Key Metrics Changes - For Q4 2018, total revenue was approximately $42.3 million, a decrease of 6.6% from the previous quarter [18] - Gross margin increased from 41% to 49.5% year-over-year, indicating improved product reception [12][24] - Net loss from continuing operations was $32.4 million in Q4 2018, compared to a net loss of $15.9 million in the previous quarter [21] Business Line Data and Key Metrics Changes - Revenue from cloud computing and IVAS was $18.1 million, a decrease of 8.5% from the previous quarter, primarily due to hardware sales decline [18] - Subscription revenues were $18.2 million, down 4.8% from the previous quarter, attributed to a drop in average revenue per user [18] - Online advertising revenues decreased by 6.3% sequentially, mainly due to reduced demand from game advertisers [15] Market Data and Key Metrics Changes - The number of subscribers increased to 3.78 million as of December 31, 2018, up from 3.4 million as of September 30, 2018 [19] - Bandwidth costs in Q4 2018 were $9.3 million, representing 22% of total revenues, down from $10.2 million in the previous quarter [19] Company Strategy and Development Direction - The company is transitioning from a traditional Internet company to a technology provider focused on shared cloud computing and blockchain technology [5][6] - Strategic partnerships, such as with China Mobile IoT, aim to enhance the integration of shared cloud computing and blockchain into emerging IoT technologies [9] - The focus for 2019 includes expanding bandwidth capacity and improving traditional business performance while supporting blockchain use cases [30] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about continued growth in shared computing despite macroeconomic headwinds [10] - The company expects total revenues for Q1 2019 to be between $39 million and $43 million, indicating a quarter-over-quarter decrease of about 3% [27] Other Important Information - The company has submitted numerous patent applications related to blockchain technology, positioning itself for future market opportunities [10][32] - The OneThing Cloud mini, a new smart device designed to aggregate idle computing resources, received recognition at CES 2019 [13] Q&A Session Summary Question: What is the growth strategy for 2019? Which business lines will be the priority? - The company will focus on cloud acceleration, shared cloud computing, and blockchain technologies, with an emphasis on expanding bandwidth capacity and improving traditional business performance [30] Question: What are the latest developments in the blockchain business? - Recent practical use cases have been launched on the ThunderChain Open Platform, with partnerships across various industries [32] Question: How has the bandwidth sold in the CDN business changed? - Sold bandwidth has increased significantly, but competitive pricing has limited revenue growth despite increased sales [33][34]