Commentary on the operations and results
99 Wuxian is pleased to report that it has increased its gross transaction value, revenue and profit during the twelve months ended 31 December 2014. The Company earned a profit of RMB 0.67 cents per share. The Company did not propose any dividend distribution or buy back during the period.
Business Review
Since the Company was established in May 2013, 99 Wuxian has positioned itself as the leading business to business to consumer (“B2B2C”) Chinese mobile commerce (“m- commerce”) company in order to take full advantage of the strong industry trends in Chinese m-commerce. During 2014, 99 Wuxian focused on implementing its strategy of increasing its registered user base, increasing user engagement, expanding its platform across merchants and business partners and diversifying into new channels to market.
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