China Online Shopping GMV Soars 47.1% in Q2 99 Wuxian (NNW) set to benefit. According to the latest data from iResearch, the GMV of China online shopping reached 0.63 trillion Yuan in the second quarter of 2014, rising 47.1% from a year earlier. Q2 2014 was the first time e commerce or m commerce sales have exceeded 10% of total retail sales in China. Big value play in 99 Wuxian, a pure m commerce play (m commerce platform in Chinese banking apps). If NNW traded at the industry average of $110 per registered user is would be valued at ~$3.4B or ~ $3.4 per share Vs. current valuation of ~ $550m and ~55 cents As announced by 99 Wuxian last week they have entered into an RFP (request for proposal) process from leading investment banks around the world to close the gap in valuations.
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