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Report Says TENCENT Establishes E-commerce Product Department to Advance WeChat Transaction Models; WEIMOB INC Soars 20% at Midday
TENCENT (00700.HK) established an e-commerce product department to advance the WeChat transaction model, a report said. WEIMOB INC (02013.HK) snowballed 20.5% to close at $2.06 at ...
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Report Says TENCENT Establishes E-commerce Product Department to Advance WeChat Transaction Models; WEIMOB INC Soars 20% at Midday
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TENCENT (00700.HK)  -6.500 (-1.261%)    Short selling $498.74M; Ratio 8.396%   established an e-commerce product department to advance the WeChat transaction model, a report said. WEIMOB INC (02013.HK)  -0.190 (-9.314%)    Short selling $89.51M; Ratio 21.146%   snowballed 20.5% to close at $2.06 at midday, with a turnover of $1.009 billion.

TENCENT issued an internal letter to all staff yesterday mentioning 2 main adjustments within the WXG Group, including the establishment of an E-commerce Product Department focusing on innovation in transaction models within the WeChat ecosystem, to continuously enhance the operational capabilities of official account and mini program, according to Cailian Press.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 12:25.)

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