Ongoing internet proliferation: Wonha Multimedia Commerce Ltd (ASX: WMC) is leveraging the rapidly growing use of broadband and accordingly positioning to take the advantage of China’s expanding middle class and growing mobile internet participation with its flagship product YLT300-S Router. China has 632 million active Internet users and is the fastest growing e-commerce market. Accordingly, WMC is expanding into new regions and widening its scope to sign more lucrative contracts with State Owned Enterprises. WMC’s subsidiary made an agreement with Guangdong Kesheng Enterprise Co., Ltd to develop a wireless network that will serve as a vehicle for advertising and marketing.
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