Network CN is a small out-of-home (OOH) advertising company operating in China. The company secures operating rights to physical advertising panels — primarily lightboxes and large-format billboards — placed in and around residential communities, then sells advertising airtime on those panels to brand customers. Network CN describes this as building a "Community Channel" network across Chinese cities. The company is a Delaware holding company headquartered in Hong Kong, with all operations run through wholly owned subsidiaries in China. Network CN restarted its advertising business in 2022 after a period of inactivity, and currently operates active subsidiaries in Ningbo, Chengdu, and Beijing. On the supply side, Network CN pays operating rights fees to parties who control panel locations. On the demand side, Network CN sells airtime on those panels directly to domestic and international brand customers. Revenue is driven by the number of panels controlled, occupancy rates, and advertiser pricing. A notable feature of the business model is that Network CN's advertising inventory is tied closely to key individual employees who contribute advertising rights to the company, creating meaningful personnel concentration risk. The company spends nothing on sales and marketing, so its cost base consists primarily of operating rights fees and general administrative costs.