HK Stock Market Move | WEIMOB INC (02013) increased by more than 24%, doubling in just four trading days. The company is expected to benefit from the potential expansion of the merchant base of WeChat mini stores.

Weimob Inc. (02013) has increased by over 24%, with the stock price doubling in the past four trading days, and the total market value exceeding 10 billion Hong Kong dollars. As of the time of writing, the stock has risen by 23.39% to 3.06 Hong Kong dollars, with a trading volume of 22.3 billion Hong Kong dollars. Goldman Sachs stated in a research report that Weimob's stock price has risen sharply in the past two days, following Tencent's announcement that WeChat Mini Program officially launched the "Gift Giving" feature for testing on December 19th. The bank believes that as the largest third-party merchant service provider on WeChat, Weimob will benefit from the potential expansion of the merchant base on WeChat Mini Program if it can attract more merchants and provide more GMV or consumption opportunities. CICC also mentioned previously that as the WeChat e-commerce ecosystem gradually thrives, Weimob can help existing merchants to bridge the gap between public and private domains, potentially gaining a more substantial customer increment, and further opening up growth space through value-added services related to the ecosystem. In addition, as Weimob's artificial intelligence (AI) product matrix becomes more complete, its functions continue to mature, and downstream customers' willingness to pay gradually improves, the commercialization of the company's AI products is expected to gradually advance.