WEIMOB INC (02013) has announced that the Group has formally initiated a business collaboration with Taobao Flash Sale, a local lifestyle service platform under Alibaba Group. The Group's subsidiary, Shanghai Weimob Enterprise Development Co., Ltd., recently signed a strategic cooperation agreement with Shanghai Lazasi Information Technology Co., Ltd. (Lazasi), the entity operating the Taobao Flash Sale platform. The partnership will involve multi-dimensional business cooperation and exploration in common sectors, including but not limited to: (1) interconnecting merchant solutions and jointly building an instant retail ecosystem; (2) integrating public and private domain operations, unifying membership systems, and upgrading to one-stop marketing; and (3) fostering collaborative innovation by exploring joint initiatives in corporate client expansion, AI, and data operations. Leveraging its established sales channels, superior marketing service operations, and solid customer base, and supported by Taobao Flash Sale's comprehensive platform technology, operations, and marketing capabilities, the Group aims to create an integrated online-to-offline local retail solution. This initiative is designed to facilitate the entry of the Group's existing clients onto the Taobao Flash Sale platform to achieve operational results, while also attracting new, high-quality clients from various industries to drive revenue growth for its subscription solutions. Furthermore, the Group will participate in Taobao Flash Sale's marketing business to expand the scope of its merchant solutions. The Group will continue to diversify its platform channels to inject new growth momentum into its business development and deliver high-quality, long-term value returns to its shareholders.
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