Weaver Network Explained

Weaver (泛微)
Formation:14 March 2001
Full Name:Weaver Network Technology Co., Ltd.
Formerly:Shanghai Weaver Network Technology Co., Ltd.
Founder:Wei Lidong
Type:Listed in Shanghai Stock Exchange (SSH: 603039)
Headquarters:Shanghai, China
Location Country:China, Singapore, Malaysia, Indonesia, Thailand, Vietnam, Australia
Products:Office Automation (OA) SoftwareE-cology, e-office, SuperApp, e-builder
Fields:Collaborative Management Software
Subsidiaries:Weaver Network International Pte. Ltd. andWeaver Network (Malaysia) Sdn. Bhd.
Staff:10,000+
Website:www.weaverintl.com

Weaver, officially known as Weaver Network Technology Co., Ltd., formally Shanghai Weaver Network Technology Co., Ltd. (/ˈwvər/; Chinese: 泛微网络科技股份有限公司; pinyin: fàn wēi; 泛 fàn 微 wēi is a Chinese technology corporation established in 2001 and headquartered in Shanghai, China.

The corporation specialises in the field of collaborative management software (or known as Office Automation (OA)), assisting organisations in building a unified digital operating platform that promotes digital collaboration and providing workflow automation solutions to clients in various industries.

The company is recognised as a "Key Software Enterprise within the National Planning Layout".("国家规划布局内重点软件企业")

The company is listed on the Shanghai Stock Exchange (SHA: 603039) and has its APAC regional headquarters located in Singapore.

Investor relations

The company is listed on the main board of Shanghai Stock Exchange (Stock Code: 603039).[1]

History

Initial public offering

On 2017 January 13, Weaver went public on the Shanghai Stock Exchange (SHA:603039). The company is the solitary enterprise listed on the main board of the Shanghai Stock Exchange within the domestic Office Automation (OA) industry.[2] The company raised 1.2 billion yuan ($180 million) in its initial public offering.[3] [4]

After going public, Weaver increased its capital to Shanghai CA, further enhancing the integration of identity authentication, electronic signature (or digital signature), electronic seals, and digital contracts in its existing collaborative management software applications.[5]

Strategic partners

On 26 July 2020, Weaver announced in the evening that the company's shareholder, Wei Jinkun (韦锦坤), intends to transfer 5% of the shares of the listed company through an agreement to Shenzhen Tencent Industrial Investment Fund Co., Ltd. (referred to as Tencent Industrial Fund).[6]

On 22 October 2020, Tencent leveraged the integration of WeCom (formally known as WeChat Work or Enterprise WeChat), Weaver and WeCom collaborated to create a "customer-centric" collaborative mobile office platform.[7] [8]

In 2019, Weaver expanded into the Asia-Pacific (APAC) market by setting up regional headquarter in Singapore as Weaver International,[9] branches in Malaysia and Indonesia.

References

  1. http://www.sse.com.cn/assortment/stock/list/info/announcement/index.shtml?productId=603039 Shanghai Stock Exchange Regular Announcement
  2. Dongxing Securities https://pdf.dfcfw.com/pdf/H3_AP201907051337741238_1.pdf
  3. Web site: 2016-12-29 . BRIEF-Shanghai Weaver Network sets IPO price . 2023-11-21 . Yahoo News . en-SG.
  4. Web site: MarketScreener . Shanghai Weaver Network Co., Ltd. has completed an IPO in the amount of CNY 248.383 million. . January 5, 2017 . 2023-11-21 . www.marketscreener.com . en.
  5. Web site: 中国金融信息网 . 泛微网络拟1.84亿元增资上海数字证书认证中心 . 2023-11-21 . 中国金融信息网.
  6. Web site: 泛微网络再度寻求产业拓展 7.7亿引入腾讯战略入股- 青年创投网 . 2023-11-21 . www.scgqt.org.cn.
  7. Web site: Tencent to Pick Up Stake in Shanghai-listed Weaver Network for $110 Million - Caixin Global . 2023-11-21 . www.caixinglobal.com . en.
  8. Web site: China's Weaver Network Jumps to All-Time High as Tencent Buys 5% Stake in Office App . 2023-11-21 . www.yicaiglobal.com . en.
  9. Web site: About Us . 2024-07-04 . Weaver International . en-US.

External links

  1. Official Weaver China website
  2. Weaver International