MyStore apparently has 500,000 users according to the information discussed in the conference call today. This may be a bit premature, but for those who don't know Weibo customers are valued at about $20.00 if the IPO ends up valuing Weibo at 8 Billion dollars. US Twitter users are valued at closer to $100.00. Yahoo! users are valued the least at about $43.00 as of the end of 2013.
MyStore is a social shopping platform, so its sole purpose is to facilitate transactions. People who will use it will be buying and transacting and sharing. Value in the data and value in the transaction and ability to advertise. I imagine the value per user is much higher than $20.00 in this case, but who really knows for sure. This is part of the excitement of being in a market with unrealized potential, it's a guessing game. At $20.00 per user, MyStore has a current and exponentially rising value of $10,000.000. At $50.00 per user, it's worth more than the whole company is valued at right now.
Just finished the cc and those numbers are impressive, if it can be determined the value of the users as you mention and the question of how specifically myStore generates revenue. I understand there are a lot of factors that figure into the revenue picture but surely they can begin to quantify them and report them. With that kind of growth we should know more imo. This is a transition period and based on that they managed the quarter well and met or exceeded guidance. Some of the mentions of Alibaba, iTunes etc as far as linking with them had no timetables and again would like to hear more detail. Thanks for your input Parsley!
I think the "worst case" is it solidifies its relationship even more with its big customers by offering and helping these companies-not a bad thing . The best case it becomes a branded name and/or drives dramatically more business to EFUT. Either way its a positive.