招股书显示，多点Dmall的关联客户主要是“物美系”。2021年到2023年期间，五大客户产生的收益分别占比70.2%、76.6%及81.7%。其中，最大客户物美集团贡献的收益占比高达45.3%、44.1%及53%。作为公司大客户的同时，物美集团还身兼多点数智的供应商，物美集团为多点Dmall的五大供应商之一。Duodianzhi (02586) made its debut on the stock market, with each share priced at HK$30.21, issuing a total of 25.774 million shares, generating a net amount of approximately HK$0.624 billion. The stock opened 28% lower in the morning, fluctuated lower throughout the day, and as of the time of this report, the decline has expanded to 52.73%, trading at HK$14.28, with a turnover of HK$58.2298 million.
According to the Financial APP, Duodianzhi (02586) made its debut on the stock market, with each share priced at HK$30.21, issuing a total of 25.774 million shares, generating a net amount of approximately HK$0.624 billion. The stock opened 28% lower in the morning, fluctuated lower throughout the day, and as of the time of this report, the decline has expanded to 52.73%, trading at HK$14.28, with a turnover of HK$58.2298 million.
Public information shows that Duodianzhi's Dmall was established in 2015, providing a cloud-based end-to-end digital retail SaaS platform for local retail trade. At its inception, it began providing services to Wumart Group. According to Frost & Sullivan data, in 2023, based on revenue, the company is the largest retail digital solution service provider in China and the leading retail digital solution service provider in Asia.
The prospectus shows that Duodianzhi's affiliated customers are mainly from the Wumart Group. From 2021 to 2023, the revenue generated by the top five customers accounted for 70.2%, 76.6%, and 81.7% respectively. Among them, the largest customer, Wumart Group, contributed 45.3%, 44.1%, and 53% of the revenue. As a major customer of the company, Wumart Group also serves as one of Duodianzhi's suppliers, being one of the top five suppliers of Duodianzhi.