Snowball Finance, formerly known as Beijing Snowball Information Technology Co., Ltd., was founded by Fang Sanwen, former executive deputy editor-in-chief of Netease, 1, a mobile internet company that provides investors with real-time market information, investment strategies and trading services. At present, its business covers A shares, Hong Kong stocks, funds and US stocks. Snowball owns the mobile phone stock application "Snowball". There are about one hundred employees at present. The name "snowball" comes from Buffett's words: "Life is like snowballing, the key is to find enough wet snow and long slopes."