China Online Shopping GMV Soars 47.1% in Q2 99 Wuxian (NNW) set to benefit

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.


Investorlink Group is a leading integrated investment house connecting China with the Australian and global capital markets. We offer expertise across a diverse range of industries including technology, energy, finance, infrastructure, real...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.