This article only represents the author's own views.
A desire to seize on positive market sentiment looks like the driving factor behind e-commerce services provider Weimob Inc.’s (2013.HK) announcement of a large fundraising plan through a new share issue last Friday.
But below that appearance, a strong desire to return to the heady growth of earlier days could be the bigger motivator behind the software as a service (SaaS) provider’s latest move. Whatever the longer-term motivation, Weimob, which provide tools for e-commerce merchants in Tencent’s (0700.HK) vast WeChat ecosystem, is almost certainly moving now to seize on bullishness that has pushed up Hong Kong’s Hang Seng Index by 8% in just the first five trading days of 2023.
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