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First Shanghai Expects WEIMOB INC SAAS Biz to Be Profitable This Yr as WeChat Mini Shop Gift Sending Feature Creates Incremental Opportunities
WEIMOB INC (02013.HK) brisked this morning (17th), and opened 6.3% higher before its incline expanded. The stock once peaked at $2.53 during intraday trading session, and spiked 12...
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First Shanghai Expects WEIMOB INC SAAS Biz to Be Profitable This Yr as WeChat Mini Shop Gift Sending Feature Creates Incremental Opportunities
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WEIMOB INC (02013.HK)  +0.030 (+1.376%)    Short selling $24.78M; Ratio 4.521%   brisked this morning (17th), and opened 6.3% higher before its incline expanded. The stock once peaked at $2.53 during intraday trading session, and spiked 12.2% to $2.49 at midday, with a turnover of $1.28 billion.

WEIMOB INC officially launched five sets of solutions for “WEIMOB X WeChat Mini Shop” last Thursday (9th), aiming to help merchants realize efficient integration and business growth in the WeChat Mini Shop ecosystem, First Shanghai Group released a research report saying.

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For large customers, WEIMOB INC utilized in-depth data analysis and operational tools to help them complete customized marketing solutions and private domain operation layout. Through cost reduction and efficiency enhancement and structural adjustment on the revenue side, WEIMOB INC's SAAS business is expected to realize profit this year.

During the investor exchange meeting on Monday (13th), the management of WEIMOB INC said that WeChat Mini Shop's gift sending function optimized the social e-commerce experience and creates incremental opportunities for service providers, attracting more merchants to activate the feature and adjust their operation strategies.

In the face of stake reduction conducted by its shareholder, TENCENT (00700.HK, the management of WEIMOB INC said that it understood its financial pressure and reiterated its role as TENCENT's leading service provider in various ports. The company would continue to deepen its cooperation and rely on TENCENT's ecosystem to promote its long-term business development.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-24 16:25.)

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