Initiation: Making e-commerce more social
Singapore-listed YuuZoo develops targeted social e-commerce networks that reside in its ‘virtual shopping mall’. It expects its partners to launch networks in most of the 68 countries they cover by year end. The first and potentially most significant of these, with Chinese broadcaster SMG, has just launched. Evidence of the launch schedule progressing to plan, and that networks are gaining traction, should lead to a re-rating of the shares, which currently discount growth in line with its historic B2B focus, rather than as a company exposed to high-growth e-commerce markets in Asia.YuuZoo Corporation Limited is an investment holding company. The Company, through its subsidiaries, is engaged in the business of social networking, e-commerce, payments and gaming. Its segments include network development and franchise sales and e-commerce. The network development and franchise sales segment is principally involved in building mobile-optimized but device agonistic targeted social e-commerce networks for businesses and consumers and the sales of franchise and marketing rights of the Company's services. The e-commerce segment is engaged in providing a range of services for online mobile transactions, including payment processing, advertising, gaming and other online transactions. Its subsidiaries include YuuZoo Corporation BVI, which is engaged in investment holding and network developments; YuuZoo Content Management Pte. Ltd., which is engaged in investment holding, and Global Software YuuZoo Inc., which is engaged in data processing, hosting and related activities.
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