HomePoliticsWeimob breaks the predicament in the third quarter and the company frequently...

Weimob breaks the predicament in the third quarter and the company frequently repurchases to show confidence


Yongzhufang

Author Luo Xiaoqin, this article only represents personal views

Affected by the official anti-epidemic ban policy, the business of small and medium-sized enterprises in China has been damaged, and Weimob Group (2013.HK), which provides software as a service (SaaS) to small and medium-sized enterprises on the WeChat platform, has also been negatively affected. Since the outbreak of the new crown epidemic in early 2020, the The company has recorded a loss of more than 2.5 billion yuan in the past two and a half years. Weimob’s stock price reached as high as HK$30 in February last year, but it has only hovered between HK$3 and HK$5 recently, and it has fallen by more than 80%, which has made investors who were once enthusiastic about the stock anxious.

However, Weimob…

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