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Weimob

Weimob
HKEX

Weimob a WeChat-based CRM solution provider that helps businesses to build m-commerce platforms on WeChat at lower costs.

OVERVIEW

Categories
Finance, Enterprise Service, Digital Marketing, Advertising Marketing, Precision Marketing, DSP, Internet Marketing, WeChat Marketing
HQ location
Shanghai
Founded date
Apr. 16, 2013
IPO date
Jan. 15, 2019
Legal name
Shanghai Weimeng Enterprise Development Co., Ltd.
Weimob is a SAAS platform that primarily provides enterprises with WeChat-based development, operation, training, and promotional solutions, helping businesses that do not have software development experiences to build m-commerce platforms on WeChat at lower costs. Wemob also provides SCRM and traffic analytic tools, allowing clients to optimize promotion procedure and improve marketing performance.
02013:HKEX
Transaction date
Jun. 2, 2020
52-week high
HKD 6.51
52-week low
HKD 3.07
Volume
441,554,316
Open
HKD 8.32
Close
HKD 8.14
P/E
52.32
Market cap
HKD 18.22 billion

ANALYSIS

Weimob How to build a perfect data security protection system

An announcement issued by Weimob Group has aroused heated debate. Weimob's production environment and data suffered artificial "malicious destruction" by its employees. As a result, the system was interrupted for 7 days, the production server failed, and a large amount of user data was deleted.

Mar. 9, 2020 · Weimob

Tencent Cloud 168-hour "resurrection" Weimob: data security is never a small matter

On March 5th, Tencent Cloud officially released a long article on the Weimob database repair record. Data security has become an issue that cannot be avoided by any enterprise in the digital business era, and Shang Cloud can be used as a way to strengthen data security, which should be valued by enterprises.

Mar. 7, 2020 · Weimob

Weimob group holds CNY 114 million Create a one-stop smart dining solution

The Hong Kong-based company Weimob Group announced that it plans to subscribe for 63.83% of Wuxi Yazuo Online Technology Co., Ltd. (hereinafter referred to as Yazuo) for CNY 114 million. On February 20, Weimob Group closing up 6.84%.

Feb. 20, 2020 · Weimob

REPORTS

Weimob(2013.HK)Long-term growth story – a leader in SME SaaS providers, chasing new digital growth

In 2019, it is estimated that total precision billing revenue will reach CNY 4.8 billion, SaaS revenue will increase to CNY 470 million, SaaS customer churn rate will drop to 21.6%, and adjusted net profit will be CNY 52.7 million. However, unexpected COVID-19 and the recent "delete database" event will put pressure on FY20 revenue growth.

Mar. 10, 2020 · Weimob

Weimob(2013.HK)Acquisition of Catering SaaS, Tencent's continuous increase in holdings, capital advantages to accelerate cross-industry integration

The company's revenue is expected to continue its high growth trend in 2020. The company's Hong Kong stock market was listed in January 2019 and it was included in the Hang Seng Index in September 2019. For reference, overseas SaaS companies such as Shopify and Salesforce have the same high expenses during their high-speed growth, and the valuation level is around 10 XPS.

Feb. 22, 2020 · Weimob

ANNOUNCEMENTS

Date Announcement
May. 16, 2020 Weimob issued an announcement that the company ’s 1.5 billion US dollar coupon 1.5% convertible bond due in 2025 has been approved and will be listed on the Hong Kong Stock Exchange on May 18, 2020. The benchmark size of this issuance is USD 120 million. Due to active investor subscriptions, it was finally expanded to USD 150 million. <br/>1) According to the previous announcement, the total proceeds of the firm's bond issuance is USD 150 million, and the estimated net proceeds of the bond issuance are about USD 146.6 million. Based on the calculation of the net proceeds and the assumption that the bonds are fully converted, the net price per new share is approximately HKD 6.57. For the proceeds from the bond issuance, Weimob said that it will be used to enhance the group's comprehensive R & D strength, strengthen brand marketing construction, set up industrial funds, and supplement working capital.
May. 7, 2020 Weimob Group (02013-HK) announced that it proposed to issue USD 150 million 1.50% guaranteed convertible bonds due in 2025. 1) The face value of each bond will be a multiple of USD 200,000 and the excess of USD 1,000. Based on the initial conversion price of HKD 6.72 and the assumption that the bonds will be fully converted at the initial conversion price, the bonds will be convertible into up to 173 million new shares, which will account for approximately 7.18% of the enlarged issued share capital. 2) The estimated net proceeds from the bond issuance (after deducting the commission from the manager and other estimated expenses payable) will be approximately USD 146.6 million. The company intends to use the net proceeds from the bond issuance to enhance the group's comprehensive R & D strength (mainly including the purchase of hardware equipment and payment of employee compensation), upgrade the group's marketing system, establish industrial funds, supplement working capital and general corporate purposes.
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Overview
Categories
Finance, Enterprise Service, Digital Marketing, Advertising Marketing, Precision Marketing, DSP, Internet Marketing, WeChat Marketing
HQ location
Shanghai
Founded date
Apr. 16, 2013
IPO date
Jan. 15, 2019
Legal name
Shanghai Weimeng Enterprise Development Co., Ltd.
Weimob is a SAAS platform that primarily provides enterprises with WeChat-based development, operation, training, and promotional solutions, helping businesses that do not have software development experiences to build m-commerce platforms on WeChat at lower costs. Wemob also provides SCRM and traffic analytic tools, allowing clients to optimize promotion procedure and improve marketing performance.
02013:HKEX
Transaction date
Jun. 2, 2020
52-week high
HKD 6.51
52-week low
HKD 3.07
Volume
441,554,316
Open
HKD 8.32
Close
HKD 8.14
P/E
52.32
Market cap
HKD 18.22 billion
Analysis

Weimob How to build a perfect data security protection system

An announcement issued by Weimob Group has aroused heated debate. Weimob's production environment and data suffered artificial "malicious destruction" by its employees. As a result, the system was interrupted for 7 days, the production server failed, and a large amount of user data was deleted.

Mar. 9, 2020 · Weimob

Tencent Cloud 168-hour "resurrection" Weimob: data security is never a small matter

On March 5th, Tencent Cloud officially released a long article on the Weimob database repair record. Data security has become an issue that cannot be avoided by any enterprise in the digital business era, and Shang Cloud can be used as a way to strengthen data security, which should be valued by enterprises.

Mar. 7, 2020 · Weimob

Weimob group holds CNY 114 million Create a one-stop smart dining solution

The Hong Kong-based company Weimob Group announced that it plans to subscribe for 63.83% of Wuxi Yazuo Online Technology Co., Ltd. (hereinafter referred to as Yazuo) for CNY 114 million. On February 20, Weimob Group closing up 6.84%.

Feb. 20, 2020 · Weimob
Reports

Weimob(2013.HK)Long-term growth story – a leader in SME SaaS providers, chasing new digital growth

In 2019, it is estimated that total precision billing revenue will reach CNY 4.8 billion, SaaS revenue will increase to CNY 470 million, SaaS customer churn rate will drop to 21.6%, and adjusted net profit will be CNY 52.7 million. However, unexpected COVID-19 and the recent "delete database" event will put pressure on FY20 revenue growth.

Mar. 10, 2020 · Weimob

Weimob(2013.HK)Acquisition of Catering SaaS, Tencent's continuous increase in holdings, capital advantages to accelerate cross-industry integration

The company's revenue is expected to continue its high growth trend in 2020. The company's Hong Kong stock market was listed in January 2019 and it was included in the Hang Seng Index in September 2019. For reference, overseas SaaS companies such as Shopify and Salesforce have the same high expenses during their high-speed growth, and the valuation level is around 10 XPS.

Feb. 22, 2020 · Weimob
Announcements
Date Announcement
May. 16, 2020 Weimob issued an announcement that the company ’s 1.5 billion US dollar coupon 1.5% convertible bond due in 2025 has been approved and will be listed on the Hong Kong Stock Exchange on May 18, 2020. The benchmark size of this issuance is USD 120 million. Due to active investor subscriptions, it was finally expanded to USD 150 million. <br/>1) According to the previous announcement, the total proceeds of the firm's bond issuance is USD 150 million, and the estimated net proceeds of the bond issuance are about USD 146.6 million. Based on the calculation of the net proceeds and the assumption that the bonds are fully converted, the net price per new share is approximately HKD 6.57. For the proceeds from the bond issuance, Weimob said that it will be used to enhance the group's comprehensive R & D strength, strengthen brand marketing construction, set up industrial funds, and supplement working capital.
May. 7, 2020 Weimob Group (02013-HK) announced that it proposed to issue USD 150 million 1.50% guaranteed convertible bonds due in 2025. 1) The face value of each bond will be a multiple of USD 200,000 and the excess of USD 1,000. Based on the initial conversion price of HKD 6.72 and the assumption that the bonds will be fully converted at the initial conversion price, the bonds will be convertible into up to 173 million new shares, which will account for approximately 7.18% of the enlarged issued share capital. 2) The estimated net proceeds from the bond issuance (after deducting the commission from the manager and other estimated expenses payable) will be approximately USD 146.6 million. The company intends to use the net proceeds from the bond issuance to enhance the group's comprehensive R & D strength (mainly including the purchase of hardware equipment and payment of employee compensation), upgrade the group's marketing system, establish industrial funds, supplement working capital and general corporate purposes.