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Weimob

weimob.com

Founded Year

2013

Stage

Corporate Minority - P2P | IPO

Total Raised

$588.74M

Market Cap

16.82B

About Weimob

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.

Headquarters Location

Weimob Building No.258 Changjiang Road, Baoshan District

Shanghai, Shanghai,

China

+86-10105188

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Latest Weimob News

Weimob Shares Fall Sharply After First-Half Loss Widened

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

A
Azoya International

Azoya operates as a turnkey e-commerce solutions provider helping overseas retailers break into China via cross-border e-commerce. It assists international online e-commerce platforms and prominent bricks-and-mortar retail chains and brands to access China's online retail market, arguably the largest e-commerce market in the world.

Hylink Logo
Hylink

Hylink (SHA: 603825) is an independent advertising and communications agency in China that serves as a global resource for brands navigating the digital spectrum in Chinese and western markets.

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