Wowo Ltd. (WOWO) Reports Q1 Loss of $0.57/ADS

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WoWo Limited Reports Financial Results for the First Quarter of 2015

June 29, 2015 8:10 AM EDT

BEIJING, June 29, 2015 (GLOBE NEWSWIRE) -- WoWo Limited (the "Company" or "JM WOWO") (Nasdaq: WOWO), a leading online e-commerce platform that provides integrated B2B2C services in the foodservice industry in China, today announced its financial results for the first quarter of 2015.

First Quarter 2015 Financial Highlights

Net revenues in the first quarter of 2015 were $7.6 million, an increase of 38.0% from $5.5 million in the same quarter of 2014. Net revenues from storefront fees in the first quarter of 2015 increased by 189.3% from $1.3 million in the first quarter 2014 to $3.9 million.... More