Weimeng group plans to acquire retail service provider “centripetal cloud” with RMB 220 million


Weimeng group (2013. HK) announced on November 9 that it acquired 51.89% equity of Shanghai Xiangxin cloud Network Technology Co., Ltd. (hereinafter referred to as Xiangxin cloud) through its wholly-owned subsidiary Weimeng development for a total of RMB 220 million.
After the transaction is completed, centripetal cloud will become a subsidiary of Weimeng group and be incorporated into the listed company system. According to public data, Xiangxin cloud, a digital service provider of Pan retail operation, was established in 2014. Its SaaS software “super shopping guide” app has served 200 + head customers in various retail segments, covering 240000 stores and more than 2 million clerk users.