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Weimob : Annual Report 2020 | MarketScreener

CHAIRMAN S STATEMENT Dear Shareholders, I would like to thank all Shareholders of Weimob Inc. for their firm trust and support in 2020. 2020 was a year full of challenges and opportunities for the Company. Amid the global economic shock of the COVID-19 epidemic, we swung for the fences and seized the opportunities brought by the epidemic to develop online digital economy, and provided a digital business operating system for customers to facilitate their digital operations. By formulating the Group s strategy of moving up-market (「大客化」), ecosystem build-up (「生態化」) and globalization (「國際化」), we achieved rapid growth against the trend in spite of the impact of the epidemic in our two core businesses, Digital Commerce and Digital Media.

Tencent falls over 5% after hitting an all-time high that pushed it close to a $1 trillion valuation

Tencent falls over 5% after hitting an all-time high that pushed it close to a $1 trillion valuation CNBC 1/26/2021 Arjun Kharpal Tencent shares tumbled over 5% on Monday after a huge rally the day before pushed its valuation near to $1 trillion for the first time. Price target upgrades from Citi and UBS propelled the stock higher, but on Tuesday, investors took profits, sending Tencent shares lower. Investors are waiting for Tencent s fourth quarter 2020 and annual results which will be released in March. © Provided by CNBC WeChat mascots are displayed inside Tencent office at TIT Creativity Industry Zone in Guangzhou, China, May 9, 2017. GUANGZHOU, China Tencent shares dropped more than 5% on Tuesday one day after a huge rally pushed its valuation to nearly $1 trillion for the first time.

Should You Sell Baidu s Stock After Its Recent Rebound?

Baidu s (NASDAQ:BIDU) stock recently hit a two-year high after a series of positive developments. First, the company s third-quarter report in November suggested its core advertising business was stabilizing, which sparked several upgrades from analysts. Chinese regulators then drafted new antitrust rules that seemingly affected Tencent (OTC:TCEHY) more than Baidu. Baidu also boosted its existing buyback plan from $3 billion to $4.5 billion this month, and a recent Reuters report suggested it might start producing its own electric vehicles to complement its driverless efforts. Those headlines all buoyed Baidu s stock but should investors chase its recent rally, or take profits instead?

In The Time of Coronavirus, WeChat Pay Helps Digitalise European Retailers

In The Time of Coronavirus, WeChat Pay Helps Digitalise European Retailers News provided by Share this article Share this article London, Dec. 14, 2020 /PRNewswire/ As European merchants shift gear to online in the time of Coronavirus, China s all-in-one app WeChat saw strong year-on-year growths in Mini Program transactions from the EMEA region, showing a growing trend of Chinese consumers making global purchases before they could make global trips. In the time of Coronavirus, WeChat Pay Helps Digitalise European Retailers WeChat, the popular Chinese app with more than 1.2 billion users, recently held a webinar on how the WeChat ecosystem helps European merchants reach Chinese consumers as the pandemic rattles businesses. More than 200 brands from 14 countries attended the webinar, covering diverse sectors ranging from retail, luxury goods, e-commerce, travel and F&B.

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