QuickView: High-growth m-commerce play needs funding
99 Wuxian was profitable in its first year and continues to grow rapidly. Substantial potential remains. However, it lacks the funding to attack that potential and has launched a strategic review of its listing and capital structure to address how best to fund growth. In the short term, negotiations over the pricing of any fund-raising are likely to set the base for valuation.99 Wuxian is an investment holding company. Through its subsidiaries, Co. is engaged in the provision of services online marketplace, rewards redemption and employee benefit services on mobile commerce gateway in the People's Republic of China.
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