500.com is a leading online sports lottery service provider in China with the largest market share in terms of purchase amount of sports lottery products.
500.com was among the first companies to provide online lottery services in China, and it is the only government approved private online lottery service provider.
500.com acts as an aggregator and processor of lottery purchase orders from its registered user accounts to sports lottery administration centers, and offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to their users. As of June 2014, the company has more than 50 million registered users and a RMB 2,093.2 million total purchase amount in the second quarter 2014. 500.com (WBAI) was listed on NYSE on 22 November 2013.