WEIMOB INC surged over 20% today, who is this mysterious entity?

LB Select
2024.12.24 02:40
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This morning, WEIMOB INC's stock price experienced a surge, rising over 20% at one point, currently up 20.16%, reported at HKD 2.98. Founded in 2013, WEIMOB INC is the largest third-party service provider for small and medium-sized enterprises on WeChat, primarily offering SaaS products based on the WeChat ecosystem (such as WeChat Mini Programs and Official Accounts). It was listed on the main board of the Hong Kong Stock Exchange in 2019, with Tencent as one of its major shareholders. Currently, WEIMOB INC is Tencent's core agent for Mini Program SaaS and video account advertising. The stock price of WEIMOB INC has fallen from its peak of HKD 33.50 in 2021 to a low of HKD 1.10 this year, reflecting the decline of Tencent's e-commerce during that period. Now, Tencent's e-commerce is likely to leverage the "WeChat Blue Packet" to solidify its flight in the Chinese e-commerce landscape. WEIMOB INC may seize the opportunity from the gathering of sellers in Tencent's e-commerce to regain strong growth momentum under the AI+ logic. If the "WeChat Blue Packet" can successfully activate the WeChat e-commerce ecosystem, it is expected to bring 20-30 trillion GMV to Tencent's e-commerce business in the coming years. Based on the current industry GMV profit margin stabilizing at 1.5-2%, this corresponds to a profit scale of 30-60 billion. As the core supplier for Tencent's Mini Programs and video accounts, sharing 2% of the WeChat e-commerce profit chain would yield a profit of 600-1.2 billion for WEIMOB INC. What Tencent's e-commerce brings to WEIMOB INC may also be a "transformation," with expectations for WEIMOB INC's market value to reach 300-500 billion

This morning, WEIMOB INC's stock price experienced a surge, rising over 20% at one point, currently up 20.16%, trading at HKD 2.98.

Founded in 2013, WEIMOB INC is the largest third-party service provider for small and medium-sized enterprises on WeChat, primarily offering SaaS products based on the WeChat ecosystem (such as WeChat Mini Programs and Official Accounts). It was listed on the main board of the Hong Kong Stock Exchange in 2019, with Tencent as one of its major shareholders. Currently, WEIMOB INC is Tencent's core agent for Mini Program SaaS and video account advertising.

The stock price of WEIMOB INC has fallen from its peak of HKD 33.50 in 2021 to a low of HKD 1.10 this year, reflecting the decline of Tencent's e-commerce during that period. Now, Tencent's e-commerce is likely to leverage the "WeChat Blue Packet" to solidify its flight in the Chinese e-commerce landscape. WEIMOB INC may seize the opportunity presented by the gathering of sellers in Tencent's e-commerce ecosystem, potentially regaining strong growth momentum under the AI + logic framework.

If the "WeChat Blue Packet" can successfully activate the WeChat e-commerce ecosystem, it is expected to bring 20-30 trillion GMV to Tencent's e-commerce business in the coming years. Based on the current industry GMV profit margin stabilizing at 1.5-2%, this corresponds to a profit scale of 30-60 billion.

As the core supplier for Tencent's Mini Programs and video accounts, sharing 2% of the WeChat e-commerce profit chain would yield a profit of 600-1.2 billion for WEIMOB INC. What Tencent's e-commerce brings to WEIMOB INC may also be a "transformation," with expectations for WEIMOB INC's market value to reach 30-50 billion

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