Weimob Inc. (02013.HK): Enters Business Cooperation with Taobao Flash Sale to Co-build Local Retail Solutions

News Update: Weimob Inc. (02013.HK) announced that its subsidiary Shanghai Weimob Enterprise Development Co., Ltd. has signed a strategic cooperation agreement with Shanghai Lazhu Information Technology Co., Ltd., the entity operator of Taobao Flash Sale platform, to launch multi-dimensional business cooperation.

The cooperation mainly covers the following aspects: (1) Interconnection of solution merchants and joint construction of an instant retail ecosystem; (2) Public-private synergy and member integration to drive one-stop marketing upgrading; (3) Innovation and co-creation in scenarios including customer acquisition, AI and data operations. Leveraging its channel resources, marketing operation capabilities and customer base, and combining with the technical and platform support of Taobao Flash Sale, Weimob Inc. will create an integrated "home delivery & in-store service" solution for local retail.

The company stated that this cooperation will help its existing clients to operate on the Taobao Flash Sale platform, attract new clients from different industries, and boost the growth of its subscription solutions business. Meanwhile, Weimob will also tap into the marketing business of Taobao Flash Sale, expanding the market space of merchant solutions. The company will continue to develop diversified platform channels to inject new growth drivers into its business development.

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