Investor Presentation
Hong Kong, Jan 8, 2015 AEST (ABN Newswire) - 99 Wuxian Ltd (
ASX:NNW) is a unique B2B2C Chinese mCommerce platform linking consumers, merchants and business partners within a secure and trusted payment environment.
Key features of the presentation are outlined below, with the full presentation available via link at the end of this release.
- 100% mobile-native platform—99 Wuxian's core technology platform is embedded within mobile apps of business partners
- Platform offering includes mobile marketplaces for virtual and physical goods, mobile rewards redemption, mCommerce marketing and big data analytics
- Established by Handpay in 2011 to capture demand from bank partners
- Exclusive 30 year partner agreement with Handpay, China's 3rd largest third party mobile payment gateway service provider
- Established relationship with leading Chinese banks
- Listed on the ASX (ASX:NNW) on October 8, 2013
Unique competitive position creates significant barriers to entry
Commercial:
- First to market and difficult to copy in its existing channels
- Strong relationships required for banking and financial services
- Banks require long time frame to integrate third party payment and services providers
- Lead-time for establishment of relationship with a O2O partner
- Deep execution history meeting best-in-class business partner standards
Regulatory:
- Handpay holds one of 269 3rd party payments licenses1 in China, with only 42 providing mobile payments
- Strict financial requirements and regulatory standards
- Strong long-term relationship with domestic payments / financial services constituents
- Regulatory restrictions on foreign ownership of third party payment licenses
Technology:
- Deep mobile application technology experience and IP portfolio
- High risk control systems and security standards given entrenchment with the financial system
- Advanced, flexible backend platform providing custom solutions to business partners
- Proprietary data mining systems
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-NNW-837984.pdf
About 99 Wuxian Ltd
99 Wuxian Ltd (ASX:NNW) aggregates over 300 million high quality consumers and 155 leading merchants through a marketplace embedded within the mobile apps of China's leading banks, telecommunications and insurance companies. 99 Wuxian enables increased customer satisfaction, loyalty and retention for its business partners by offering consumers the lifestyle convenience of purchasing virtual and physical goods on a mobile device.
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