Geeya Technology Co., Ltd. agreed to sell 50% stake in Chengdu Geeya Cloud Media Internet Technology Co., Ltd. for CNY 50 million on December 28, 2015. As of October 30, 2015, Chengdu Geeya Cloud Media Internet Technology Co., Ltd. had net assets of CNY 40.4 million and net loss of 0.84 million. The transaction is subject to approval from the shareholders of Geeya Technology. The transaction was approved by the Board of Geeya Technology. Geeya Technology Co., Ltd. cancelled the acquisition of 50% stake in Chengdu Geeya Cloud Media Internet Technology Co., Ltd. on December 28, 2016.