Recent news related to Meridian Capital China
At yesterday’s ChinaVenture Shanghai Annual Conference, Weimob, an investment beneficiary of Meridian Capital, received TOP10 Best Investment Cases in China title by ChinaVenture Group.
Founded in 2013, after 3 years of rapid development, Weimob has grown from a 16-person small startup team to a company with nearly 2000 employees, upgrading from the initial WeChat third party development service to a diversified mobile Interent company integrating mobile software development, mobile e-commerce platform, mobile advertising marketing, financial service, capital investment, and big data platform.
Meridian Capital is the Series A investor of Weimob, after completing Series B financing, Weimob completed Sereis C financing headed by HNA Group with 500 million yuan in November 2015, the valuation topped RMB 2 billion yuan, the enterprise also acquired rapid development.
Currently, Weimob is kicking off “software+platform” dual engine strategy, in the aspect of software: It set up software business division, which commands mobile marketing business unit and O2O business unit, fully dedicated to developing WeChat third party development and O2O smart restaurant business. At present, the software unit has 1225 agents, serving over 1.70 million merchants.
In the aspect of platform, www.mengdian.com, a mobile social networking e-commerce platform under Weimob, owns over 20 million + registered users, B-end participating merchants topped 20000, total SKU number of www.mengdian.com topped 5 million. Furthermore, www.mengdian.com established international e-commerce business unit, entering the blue ocean of cross-border e-commerce.Up till now, www.mengdian.com International has covered more than 30 countries including Japan, South Korea, Europe, America, Australia and New Zealand, its merchandises cover nearly 10000 trendiest leading goods in overseas purchase.
In addition, Weimob set up mobile advertising business unit, and introduced mj.weimob.com, a mobile social networking advertising platform, to offer merchants advertising launching services covering WeChat Friend Circle, WeChat Public Account and QQ, QQ space. Weimob is also planning to enter Internet finance and other businesses.
