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I have written an in depth blog post about Weimob and China Youzan in November last year, those who haven’t read can click here.
From 8th of Dec 2020 to 8th Jan 2020, which is one month period, Weimob(2013:HK) share price performance has risen more than 77%. Its market value has exceeded 40bil hkd which is still relatively tiny compared to the big centralized giants.
China Youzan(8083:HK) its closest competitor, since the beginning of 2021 till now(7 days period) has risen by 42%.
Sun Taoyong is the CEO of Weimob and Chairman of the board. He is only 31 years old. He is quite a popular face in China as he won the national champion of the first season of “I am the Founder”, a competitive reality TV show for technology entrepreneurs.