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, which stands for The Wharf (Holdings) Limited (SEHK:0004), Walton Brown Group (a company of The Lane Crawford Joyce Group), and eCargo Holdings Limited(ASX:ECG), is a joint venture initially capitalised at RMB 300 million, jointly founded and led by Thomson Cheng, President of Walton Brown, and Christopher Lau, CEO and Founder of eCargo, on 20 August 2015.
The Wharf (Holdings) Limited (SEHK:0004), who owns Harbour City and Timesquare, will co-invest RMB 150 million for a 50% equity interest in WWE, while Walton Brown and eCargo will jointly co-invest another 50%, RMB 150 million[1].
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[2]. Upon eCargo's ASX announcement, its shares went up by about a quarter on the news[3].
WWE has one office in Hong Kong (headquarter) and another one in Shanghai[4].
References
- ^ "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.