FAST NEWS: Weimob cancels spinoff plan after shareholder feedback
The latest: E-commerce services provider Weimob Inc. (2013.HK) announced Sunday that it has decided not to proceed with a plan to transfer more than half of its stake in its digital marketing…
FAST NEWS: JPMorgan cuts its Weimob holdings
The latest: U.S. banking giant JPMorgan disclosed it sold 3.94 million shares of e-commerce services provider Weimob Inc. (2013.HK) on Nov. 1, lower its stake from 6.01% to 5.87%, according to a…
Weimob Invests for the Future, as Investors Grow Impatient for Profits
E-commerce SaaS company closely tied to WeChat spent heavily on new initiatives last year, pushing it deeply into the red Key Takeaways: Weimob reported a 566 million yuan adjusted loss…