Chinese m-commerce growth can't be stopped

Chinese m-commerce growth can't be stopped! Independent reports indicate m-commerce in China will represent over 50% of e-tailing within 5 years. So what is driving the Chinese m-commerce growth? Smart phone users are expected to be 780m CY14 and 920m CY15. China has more mobile internet users than PC (~600m+) largest in the world. The Chinese government has a target to connect 1.2b people 85% of the population to 3G or 4G by 2020. YoY quarter growth in m-commerce up ~80% (annually currently compounding at ~250%) and Chinese consumers are fast adopters of technology. The prefect positive storm. 99 Wuxian (NNW.ASX) currently has 3% of the Chinese m-commerce and growing. With a registered user valuation of Just $16 verse an average or $87 there is value to be found. Well worth reading the attached Fosters report to understand the space. (VIEW LINK)


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