Tencent-backed Weimob files for Hong Kong IPO as marketing solutions provider joins rush to go public

WeChat-based marketing services provider joins a wave of Chinese technology companies seeking public offerings in Hong Kong in the next 12 months

Celia Chenin Shenzhen
More and more Chinese people are using mobile to shop and make payments for goods and services. Photo: SCMP

Tencent Holdings-backed marketing and cloud services provider Weimob has filed an application for an initial public offering (IPO) in Hong Kong, joining a wave of technology companies looking to go public in the city in the near future.

Shanghai-based Weimob offers cloud services and integrated marketing solutions to small-to-medium sized enterprises (SMEs) via the social media platform WeChat. Weimob was one of the first service providers on WeChat Official Accounts in 2013 and is also one of the first enterprises to sell marketing solutions through the WeChat Mini program interface – which allows users to run programs directly within the WeChat application – according to its IPO prospectus filed on Monday.

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