The company took advantage of the placement of shares in the prosperous market to raise funds and cashed out 1.6 billion Hong Kong dollars in Weimob

Yongzhufang

The author Xi Yiyang, this article only represents the author’s own point of view.

Hoping to ride on the wind of positive market sentiment appears to be the reason behind e-commerce services provider Weimob Group (2013.HK) announcing plans for a massive new share offering last Friday.

But beneath the surface, a strong desire to return to its early steady growth may be the bigger driver behind the software-as-a-service (SaaS) provider’s latest move. Regardless of the long-term motivation, Weimob, which provides tools for e-commerce merchants in Tencent’s (0700.HK) huge WeChat ecosystem…