ASICME random history:

1 lixiaolai invested in this company (but recently lixiaolai says there's no relationship with the IPO).

2 Presell Clone Machines (Avalon chip), selling mining contracts, and expensive hosting services (purchase with their machines). None of them will ever break even, in RMB or BTC. and they dont tell the buyers about the rising difficulty issues.

3 Purchased Avalon chips from earlier group buys (as order placed earlier, the group buys are jimmy2011's, in Chinese subforum), their own orders are only placed after June with a much later deliver estimation.

4 Some kinds of media promotion, claiming to be the largest (bitcoin) mining machine provider in China & third in the world (if I remember correctly), tricking (& have tricked) many new comers in China.
(about 4: use site:163.com ASICME or sina.com.cn or something in Google)