On the morning of December 6, China’s largest retail Dmall’s stock price fell cloud solution service provider. Dmall Inc. (hereinafter referr to as “Dmall”, stock code: 2586.HK), was officially list on the Hong Kong Stock Exchange.
The opening price of Multipoint Digital Intelligence was. HK$21.70, down 28% from the issue price (HK$30.21). As of the close of the day. Multipoint Digital Intelligence report HK$13.80, down 54.32%, with a total market value of HK$12.236 billion.
Image source: Xueqiu, Duodian DMALL official
Zhang Feng, president of Duodian Digital Intelligence, publish an open letter on Duodian’s. WeChat official account on the 6th, in which he updated 2024 mobile phone number data mention. In China, we have gain a group of loyal partners, such as Pangdonglai. Lawson, Dennis and Metro China, and together we are promoting the digital transformation of China’s retail industry. In Southeast Asia, we have close partners DFI Retail Group and SM Group, and Dmall’s stock price fell we are working together to deepen the retail markets including Singapore, Cambodia, Malaysia, Indonesia, Brunei, and the Philippines. Europe, our business with Metro is progressing smoothly, and the vast retail market in Europe is worth looking forward to.
In fact, Duodian Shuzhi’s road to listing was not smooth
The company had submitt its prospectus four times on December 7, 2022, June 23, 2023, April 30, 2024, and October 31, 2024.
Dr. Zhang Wen Zhong, known as the “Father of Chinese Supermarkets”, is the actual controller of Wumart Group and Multipoint Digital automation of routine tasks Intelligence. From successfully listing Wumart Commercial on the Hong Kong Stock Exchange in 2003 to reaping the success of Multipoint Digital Intelligence, Dmall’s stock price fell which had made its fourth entry into the Hong Kong stock market in 2024, this 62-year-old retail veteran who has experienc three decades of iteration in China’s circulation industry has once again usher in his own moment of harvest.
From the revenue structure
Most of Dmall’s revenue comes book your list from offline retail entities relat to Wumart. To some extent, Dmall, which has the inherent advantages of offline retail, only ne s to work hard on digitalization, but its profitability is still worrying.