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Weimob ( (HK:2013) ) just unveiled an announcement.
Weimob Inc. has entered into a strategic cooperation agreement with Shanghai Rajax Information Technology, the operating entity of Alibaba Group’s Taobao Instant Commerce, to deepen collaboration across local lifestyle and instant retail services. Under the partnership, the parties will work together on integrating solution providers to build an instant retail ecosystem, aligning public and private traffic operations and membership systems for one-stop marketing, and jointly exploring new application scenarios in areas such as enterprise customer acquisition, artificial intelligence and data-driven operations. Weimob plans to leverage its sales network, marketing capabilities and existing merchant base, alongside Taobao Instant Commerce’s technology and operational support, to develop an integrated local retail solution that covers both home-delivery and in-store scenarios, enabling its customers to operate on the Taobao Instant Commerce platform and attracting high-quality clients from new industries. The company expects this cooperation to support revenue growth in its subscription solutions, broaden its merchant solution offerings through participation in Taobao Instant Commerce marketing services, and provide new growth momentum and long-term value for shareholders as it continues to expand across diversified platform channels.
The most recent analyst rating on (HK:2013) stock is a Hold with a HK$2.25 price target. To see the full list of analyst forecasts on Weimob stock, see the HK:2013 Stock Forecast page.
More about Weimob
Weimob Inc. is a China-based digital solutions provider that offers marketing, retail and operational tools to merchants, with a focus on subscription-based software and merchant solutions for local lifestyle and retail businesses. The Group serves a broad customer base through mature sales channels and marketing service operations, helping merchants digitize and expand their online and offline commerce activities.
Average Trading Volume: 50,306,434
Technical Sentiment Signal: Sell
Current Market Cap: HK$7.58B
Learn more about 2013 stock on TipRanks’ Stock Analysis page.