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)
This stock has performed pretty well over the past month or so. What was the feedback from the recent investor presentation?