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.
Walton Brown and ECG jointly invested RMB 150 million for an initial 50% equity interest and The Wharf (Holdings) Limited (SEHK:0004), which operates Harbour City and Times Square, will co-invest another RMB 150 million for a 50% equity interest through Novel Colour, a wholly owned subsidiary.[1]
WWE is headquartered in Hong Kong and has an office in Shanghai.[2]
References
- ^ "ECG new strategy to launch China shopping mobile platform". ASX Announcement. ASX. Retrieved 26 July 2016.
- ^ "WWE & Co". wweco.com. Retrieved 27 July 2016.