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'''WWE & Company''' is a fashion, beauty and lifestyle technology company specialising in the development of mobile, cloud-based, O2O commerce enterprise technologies, targeting the mainland Chinese consumers. WWE is a joint venture between [[The Wharf (Holdings) Limited]] (SEHK:0004), [https://www.waltonbrown.com/en/ Walton Brown Group] (a company of [[Lane Crawford|The Lane Crawford Joyce Group]]), and [[Ecargo|eCargo Holdings Limited]](ASX:ECG), initially capitalised at RMB 300 million. The company was founded and led by Thomson Cheng, President of Walton Brown, and [[Christopher Lau Kwan|Christopher Lau]], CEO and Founder of eCargo, as co-CEOs in Hong Kong on 20 August 2015<ref>{{cite web|title=WWE & Company Limited|url=https://www.crunchbase.com/organization/wwe-company-limited#/entity|website=CrunchBase|accessdate=27 July 2016}}</ref> |
'''WWE & Company''' is a fashion, beauty and lifestyle technology company specialising in the development of mobile, cloud-based, O2O commerce enterprise technologies, targeting the mainland Chinese consumers. WWE is a joint venture between [[The Wharf (Holdings) Limited]] (SEHK:0004), [https://www.waltonbrown.com/en/ Walton Brown Group] (a company of [[Lane Crawford|The Lane Crawford Joyce Group]]), and [[Ecargo|eCargo Holdings Limited]](ASX:ECG), initially capitalised at RMB 300 million. The company was founded and led by Thomson Cheng, President of Walton Brown, and [[Christopher Lau Kwan|Christopher Lau]], CEO and Founder of eCargo, as co-CEOs in Hong Kong on 20 August 2015.<ref>{{cite web|title=WWE & Company Limited|url=https://www.crunchbase.com/organization/wwe-company-limited#/entity|website=CrunchBase|accessdate=27 July 2016}}</ref> |
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==Investors== |
==Investors== |
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The Wharf (Holdings) Limited (SEHK:0004), who owns [[Harbour City (Hong Kong)|Harbour City]] and [[Times Square (Hong Kong)|Timesquare]], will co-invest RMB 150 million through Novel Colour Limited for a 50% equity interest in WWE, while Walton Brown and eCargo will co-invest another 50%, RMB 150 million, through MM E-commerce Limited<ref>{{cite web|title=ECG new strategy to launch China shopping mobile platform|url=http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=ECG&timeframe=D&period=M6|website=ASX Announcement|publisher=ASX|accessdate=26 July 2016}}</ref> |
The Wharf (Holdings) Limited (SEHK:0004), who owns [[Harbour City (Hong Kong)|Harbour City]] and [[Times Square (Hong Kong)|Timesquare]], will co-invest RMB 150 million through Novel Colour Limited for a 50% equity interest in WWE, while Walton Brown and eCargo will co-invest another 50%, RMB 150 million, through MM E-commerce Limited.<ref>{{cite web|title=ECG new strategy to launch China shopping mobile platform|url=http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=ECG&timeframe=D&period=M6|website=ASX Announcement|publisher=ASX|accessdate=26 July 2016}}</ref> |
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==Business Model== |
==Business Model== |
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WWE’s investors collectively are a specialist and a market leader in bringing global luxury and designer brands to China from all over the world and connecting these brands to consumers in Greater China. WWE has a vision to "Connect Chinese consumers to the world of fashion and lifestyle community with one touch". WWE will launch a social mobile, multi-brand, lifestyle eMarketplace, MyMM.com, in early 2017 offering the most exciting range of in-season fashion, beauty and lifestyle products from international brands exclusively to customers in China<ref>{{cite news|title=Walton Brown and eCargo Sign Joint Venture to Launch a Social Mobile Shopping Platform for China|url=http://www.marketwired.com/press-release/walton-brown-ecargo-sign-joint-venture-launch-social-mobile-shopping-platform-china-2145140.htm|accessdate=27 July 2016|publisher=Market Wired|date=26 July 2016}}</ref> |
WWE’s investors collectively are a specialist and a market leader in bringing global luxury and designer brands to China from all over the world and connecting these brands to consumers in Greater China. WWE has a vision to "Connect Chinese consumers to the world of fashion and lifestyle community with one touch". WWE will launch a social mobile, multi-brand, lifestyle eMarketplace, MyMM.com, in early 2017 offering the most exciting range of in-season fashion, beauty and lifestyle products from international brands exclusively to customers in China.<ref>{{cite news|title=Walton Brown and eCargo Sign Joint Venture to Launch a Social Mobile Shopping Platform for China|url=http://www.marketwired.com/press-release/walton-brown-ecargo-sign-joint-venture-launch-social-mobile-shopping-platform-china-2145140.htm|accessdate=27 July 2016|publisher=Market Wired|date=26 July 2016}}</ref> |
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==Announcement== |
==Announcement== |
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Upon eCargo's ASX announcement, eCargo's shares went up by about a quarter on the news<ref>{{cite news|last1=Pash|first1=Chris|title=eCargo shares are going nuts|url=http://www.businessinsider.com.au/ecargo-shares-are-going-nuts-2016-7|accessdate=26 July 2016|publisher=Business Insider|date=26 July 2016}}</ref> |
Upon eCargo's ASX announcement, eCargo's shares went up by about a quarter on the news.<ref>{{cite news|last1=Pash|first1=Chris|title=eCargo shares are going nuts|url=http://www.businessinsider.com.au/ecargo-shares-are-going-nuts-2016-7|accessdate=26 July 2016|publisher=Business Insider|date=26 July 2016}}</ref> |
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==Offices== |
==Offices== |
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WWE is headquartered in Hong Kong and has an office in Shanghai<ref>{{cite web|title=WWE & Co.|url=http://wweco.com/|website=wweco.com|accessdate=27 July 2016}}</ref> |
WWE is headquartered in Hong Kong and has an office in Shanghai.<ref>{{cite web|title=WWE & Co.|url=http://wweco.com/|website=wweco.com|accessdate=27 July 2016}}</ref> |
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==References== |
==References== |
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== External links == |
== External links == |
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* [https://www.waltonbrown.com/en/ Walton Brown Group] |
* [https://www.waltonbrown.com/en/ Walton Brown Group] |
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Revision as of 06:23, 6 August 2016
Template:New unreviewed article WWE & Company is a fashion, beauty and lifestyle technology company specialising in the development of mobile, cloud-based, O2O commerce enterprise technologies, targeting the mainland Chinese consumers. WWE is a joint venture between The Wharf (Holdings) Limited (SEHK:0004), Walton Brown Group (a company of The Lane Crawford Joyce Group), and eCargo Holdings Limited(ASX:ECG), initially capitalised at RMB 300 million. The company was founded and led by Thomson Cheng, President of Walton Brown, and Christopher Lau, CEO and Founder of eCargo, as co-CEOs in Hong Kong on 20 August 2015.[1]
Investors
The Wharf (Holdings) Limited (SEHK:0004), who owns Harbour City and Timesquare, will co-invest RMB 150 million through Novel Colour Limited for a 50% equity interest in WWE, while Walton Brown and eCargo will co-invest another 50%, RMB 150 million, through MM E-commerce Limited.[2]
Business Model
WWE’s investors collectively are a specialist and a market leader in bringing global luxury and designer brands to China from all over the world and connecting these brands to consumers in Greater China. WWE has a vision to "Connect Chinese consumers to the world of fashion and lifestyle community with one touch". WWE will launch a social mobile, multi-brand, lifestyle eMarketplace, MyMM.com, in early 2017 offering the most exciting range of in-season fashion, beauty and lifestyle products from international brands exclusively to customers in China.[3]
Announcement
Upon eCargo's ASX announcement, eCargo's shares went up by about a quarter on the news.[4]
Offices
WWE is headquartered in Hong Kong and has an office in Shanghai.[5]
References
- ^ "WWE & Company Limited". CrunchBase. Retrieved 27 July 2016.
- ^ "ECG new strategy to launch China shopping mobile platform". ASX Announcement. ASX. Retrieved 26 July 2016.
- ^ "Walton Brown and eCargo Sign Joint Venture to Launch a Social Mobile Shopping Platform for China". Market Wired. 26 July 2016. Retrieved 27 July 2016.
- ^ Pash, Chris (26 July 2016). "eCargo shares are going nuts". Business Insider. Retrieved 26 July 2016.
- ^ "WWE & Co". wweco.com. Retrieved 27 July 2016.