HK Stock Market Move | WEIMOB INC(02013) has risen over 10% in the afternoon. Tencent has launched the "Overseas Trade Boost" plan to help foreign trade enterprises expand their sales scale.

WEIMOB INC (02013) rose more than 10% in the afternoon, with a 5.1% increase as of the time of publication, reaching 1.65 Hong Kong dollars, with a trading volume of 185 million Hong Kong dollars. On the news front, on April 17, Tencent launched the "New Foreign Trade Journey Acceleration Plan", which includes ten measures such as green channel for opening stores, new merchant incentives, traffic support, and fee discounts, to help foreign trade enterprises expand domestic and international markets, estimated to add 100 billion yuan in sales for foreign trade enterprises through mini programs, WeChat stores, and digital offline stores. Deutsche Bank previously pointed out that looking ahead to this year, the management of Weimob believes that with the gradual fading of the impact of business adjustments, Saas business income is expected to rebound from the bottom, and Merchant Solutions business income should resume strong growth as the impact of the decrease in advertising rebates is passed on to advertisers. More importantly, the WeChat Mini Program developed by AI provides the company with long-term substantial opportunities. The bank predicts that WEIMOB INC's total revenue will increase by 20% annually this year, with operating cash flow and adjusted net profit expected to continue to grow annually.