Weimob (HK: 02013) is a third-party CRM service platform for official accounts on the WeChat mobile messaging app. Weimob primarily provides enterprises with WeChat-based development, operation, training, and promotional solutions.
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Latest Weimob News
Aug 16, 2022
August 16, 2022 - Advertisement - Shares of Weimob Inc. fell sharply after the Chinese software provider’s first-half net loss widened and revenue declined due to weakness in its merchant-solutions segment. Weimob’s Hong Kong-listed stock fell 12% to HK$3.76 in Tuesday morning trade, heading for its biggest one-day loss since mid-March. Its shares have retreated 52% so far this year. - Advertisement - The company posted a net loss of 608.5 million yuan (US$89.8 million) for the first six months, compared with CNY557.7 million a year earlier, it said in a filing late Monday. Revenue for the period shrank 6.2% to CNY899.6 million, mainly dragged by its merchant solutions business, which recorded a 22% revenue decrease. “Under the impact of the pandemic and macroeconomic [conditions]the advertising budgets of merchants decreased,” Weimob said. Weimob’s revenue growth in the second half may be weighed by pandemic-driven disruptions to the signing of new contracts, Daiwa Capital Markets analysts Candis Chan and John Choi said in a note. But with recovery from earlier lockdowns underway, Weimob’s revenue should grow 10%-20% in the second half, they said. Daiwa also expects Weimob to record a net loss of CNY400 million in the second half, as previously capitalized research and development costs pressure its bottom line, but the analysts said a reduced headcount could help narrow losses. The city’s benchmark Hang Seng Index was recently 0.1% higher. Write to Clarence Leong at [email protected] ,
Weimob Frequently Asked Questions (FAQ)
When was Weimob founded?
Weimob was founded in 2013.
Where is Weimob's headquarters?
Weimob's headquarters is located at Weimob Building, Shanghai.
What is Weimob's latest funding round?
Weimob's latest funding round is Corporate Minority - P2P.
How much did Weimob raise?
Weimob raised a total of $588.74M.
Who are the investors of Weimob?
Investors of Weimob include Tencent Holdings, Shanghai Guohe Capital, GIC, V-Capital, Estar Capital and 10 more.
Who are Weimob's competitors?
Competitors of Weimob include Azoya International.
Compare Weimob to Competitors
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