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The latest update is out from Weimob ( (HK:2013) ).
Weimob Inc. announced the disposal of a significant portion of its shares by Tencent Holdings Limited, reducing Tencent’s stake in the company to approximately 2.94%. Despite the share disposal, Weimob and Tencent will maintain their business relationship, with Weimob continuing to provide high-quality SaaS and advertising services to promote merchant growth within Tencent’s ecosystem.
More about Weimob
Weimob Inc. operates in the technology industry, focusing on providing software-as-a-service (SaaS) products and precision advertising services. The company serves as a service provider for Weixin Mini Shops, Mini Programs, and Tencent advertising, aiming to enhance business growth for merchants within the Tencent ecosystem.
YTD Price Performance: -3.33%
Average Trading Volume: 425
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.37B
See more insights into 2013 stock on TipRanks’ Stock Analysis page.