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Company Description (as filed with the SEC)
We commenced business in March 2010, operating a group buying and B2C e-commerce platform through Beijing Wowo Tuan Information Technology Co., Ltd. In order to facilitate investment in our company, we incorporated our holding company Wowo Limited in July 2011. In April 2015, we completed our initial public offering and listed our ADSs on the NASDAQ Global Market under the symbol "WOWO." We raised approximately US$37.3 million in net proceeds from our initial public offering after deducting underwriting commissions and the offering expenses payable by us. In June 2015, we acquired Join Me Group (HK) Investment Company Limited to establish our food services industry B2B business. We issued 741,422,780 ordinary shares and paid US$30.0 million as consideration for the acquisition. In September 2015, we divested our group buying and B2C e-commerce businesses to focus our efforts on our food services industry B2B business. ... More ...