Wowo group in the United States intends to submit the prospectus to raise $ 40 million

Wowo group, according to the prospectus disclosure of financial information in the book,play Frozen Games the company's first nine months of 2014 net revenues of $ 20.6 million, compared with the same period in 2013 to $ 27.6 million; net loss of $ 32.4 million, compared 2013 than under the earlier net loss of $ 21.1 million. Wowo group first nine months of 2014 revenue cost of $ 5.5 million, compared with the same period in 2013 to $ 4.7 million; gross profit was $ 15.1 million, compared with the same period in 2013 to $ 22.9 million. In the first nine months of 2014, total operating expenses Wowo group was $ 47.4 million, compared with the same period in 2013 to $ 43.9 million. Among them, the marketing expenses for the first nine months of 2014 was $ 8.7 million, compared with the same period in 2013 to $ 8.1 million; selling, general and administrative expenses of $ 38.7 million, compared with the same period in 2013 to $ 35.8 million . Wowo group 2014 nine-month operating loss of $ 32.3 million, compared to an operating loss in 2013 compared to $ 21 million. Operational indicators, as of September 30, 2014 the business quarter of the number of customers Wowo group home is 105,430, compared to as of June 30, 2014 quarter to 92,002 homes, as of September 30, 2013 quarter home to 69,851; the number of as of September 30, 2014 owned a quarter of active online store is 70,417 business customers, and compared as of June 30, 2014 quarter to 63,134 homes, as of September 30, 2013 quarter to 55,065 homes. Before submitting the prospectus stake situation Wowo group directors and officers as follows: Chairman and CEO Xu Maodong beneficially holds about 175 million shares, the shareholding ratio of 37.35%; Xiaoyi Niu beneficially holds about 8050 million shares, its stake to 17.19%; Jianguang Wu beneficially holds approximately 3810 million shares, the shareholding ratio of 8.13%; Frank Zhigang Zhao beneficially holds approximately 1040 million shares, its stake to 2.21%. Wowo group directors and officers a total real number of shares beneficially held approximately 312 million shares, the total stake of 66.61%. Before submitting the prospectus stake situation Wowo major shareholders are as follows: CDH Barley Limited beneficially holds approximately 8050 million shares, its stake to 17.19%; Tianyou Investment Limited beneficially holds approximately 4740 million shares, holding proportion of shares 9.94%. The following are the main contents of the prospectus Wowo group: Our goal: Our goal is through a unique service to its local lifestyle businesses target customers are likely to be direct interaction between. We can help consumers find local live near their place of work and food, shops, activities and events, while providing support to local businesses, achieved substantial growth in its business and increase its brand awareness. Summary: We operates one of China's leading third-party e-commerce platform, local entertainment and lifestyle service as key targets, such as restaurants, cinemas and beauty salon. We do not compete with business customers by offering their products and services the way, it does not retain any goods inventory. Our unique platform allows local businesses to customize and manage their own shop to sell products directly to its target customers, and in fact, the body shop handle a large number of online consumer sales transactions. According to iResearch data show that the number of businesses by 30 June 2014 and the number of registered users as of the calculation, our platform is the largest local lifestyle service platform. As of September 30, 2014, we have established a national network of business service centers, to provide support to local businesses across China 150 major cities and population centers. Our platform consists of an e-commerce website "Wowo Mall", a mobile commerce infrastructure "Wowo Mobile" and an electronic management system "Wowo EMS" constitution. These three components aimed at creating an integrated network to enhance the interaction between businesses and consumers, business customers can improve brand recognition play Barbie Cooking Games and cultivate their repeat customers. URL "Wowo Mall" site is 55.com, used to promote our company's excellent brand and improve electronic service platform. We show business customers shop online through this site, and to promote a specific selection of services and products. Potential customers can be routed to 55tuan.com Web site to obtain these businesses provided by the latest product information. When in May 2010 the original business, we have a buy site, under the brand name "Wowo buy" at the 55tuan.com. Then we soon discovered, buy the business model can not fully meet the needs of local service providers. Although often buy the business model by selling more products available way to help local businesses increase sales, but we believe that as an independent service for which this model can not be a substantial increase in the business's brand awareness and can not create for businesses a loyal customer. Merchant will buy the site because the charges and face additional pressure on margins, leading to further damage its profit margins. For example, limited sale will promote its activities are often the site of a third party to buy its own brand of these sites, rather than to promote its business brand. At the same time, local business brand power is still limited or difficult to control the marketing direction. In June 2012, we established promotional 55.com portal way expanded the "Wowo buy" business model, thus completing the "Wowo Mall" formation. "Wowo Mall" not only allows merchants to set up their own online store, but also to businesses to provide custom functionality to create the perception of the brand has been associated with its shops, allowing businesses to improve their brand strength. In the third quarter of 2014, we hosted through its own website and provide operational services of local entertainment and lifestyle business number has exceeded 100,000. "Wo Wo Group Mobile" service to enhance real-time interactive mobile consumer devices with our focus on e-commerce platforms. Since most of the local Chinese businesses actually covering only the peripheral body shop a few miles of range, location-based search results is the best way to allow local businesses to obtain real-time information surrounding potential consumers. As of September 30, 2014, "Wowo group Mobile" application of the total installed activated on consumer mobile devices reached 17.3 million. We believe that our user base in the country, there are still a large part is converted to mobile users, which will continue to expand our business to facilitate mobile commerce, because of the lower cost to obtain and retain customers. As of September 30, 2014, our gross monthly income is about 64% of the bill is to bring the transaction by a mobile device. In July 2014, we released the latest version of the "Wowo business applications", which is customized for a mobile device store service, integrated reservations, payments, special promotions, and other members of management functions, allow local businesses to manage their own direct marketing and sales activities on mobile devices. "Wowo EMS" is a local business and self-designed electronic management system. "Wowo EMS" can provide access to our connection to a central server to facilitate a range of back-office services we offer to business customers. By "Wowo EMS", our business customers and retail customers can also use the "Wo Wo Group Mobile" application for instant communication. This is our business customers to provide additional customer relationship management tools, such as sending to the buying habits of consumers have specific follow-up promotions, etc., thus expanding the "Wowo Mobile" capability. We believe that, in order to help local businesses enhance their own brand-focused model to make our platform is different from other Chinese e-commerce service provider. Through 150 service centers and more than 2,000 technical support representative for business services, and we have limited resources to offer local businesses the ability to be able to organize complex online brand campaigns, and enable them to better integration of online and offline resources. "Wowo Mall" promotion ability, through the "Wo Wo Group Mobile" to grab consumers' ability to move, and "Wowo EMS" professional electronic management system allows us to believe that we are in a unique position to meet the needs of local businesses, and become a one-stop e-commerce platform to make them true. Our Value Proposition: The reason why businesses choose our service because we: - Have a low cost and effective e-commerce platform. We offer online and mobile commerce platform for both local lifestyle businesses, in order to build its own online and mobile shops. Our platform helps businesses stay competitive, to obtain and retain the next generation of Internet and mobile consumers. - Have the ability to become personalized promotional activities. Our platform allows real-time operation of the Special traditional business promotional activities, thereby creating a better product mix and targeted marketing. We'll let business customers access to a broader consumer population, which is the traditional media or offline marketing can not be done. - Help customers building their own brands, but also to provide cost-effective. Our Merchant Services representative will help local businesses conduct online business and promote their own brand. Our online store platform allows businesses to improve their brand recognition, and customize their own image and brand awareness. We also did not compete with the business aspects of the sale of services like buy site. - Has a complete cost-effective and integrated infrastructure. Businesses can not only create their own online shop, but also rely on our internet access to a range of basic support services to its own business operations, including online booking payment systems, customer relationship and order management, data analysis, mobile commerce mobile application activity, and business service representatives to personally provide direct assistance. - To establish a broad, based on the geographical location of a network of relevant consumers. Our platform allows local businesses to obtain the large number of potential customers from our existing customer data, these consumers want to find a local way of life through our precise location-based search service services. The reason why consumers will choose our services because we: - To provide personalized service. Our platform can provide a lot of local information, consumers can quickly and efficiently play Angela Games search and view the information. Our data analysis and management capabilities allow us to predict consumer demand, and to display the appropriate and most relevant listings and information. - Provide attractive mobile experience. Our "Wowo Mobile" application allows consumers to easily enter "Wowo Mall" site via smartphones and other mobile devices. It brings a high degree of user involvement location-based services and other mobile features. - Can provide new business connectivity. Consumers can choose to install only their favorite store or go online "Wowo Mobile" application to get customized promotions, interact with businesses, products and services and subscriptions, this convenience beyond the traditional membership card. - To provide a pleasant shopping experience. We believe our platform to give consumers a pleasant shopping experience. "Wowo Mall," the layout is simple, visit the merchant's online store consumers can bargain, and we have optimized their search function, which allows consumers to easily browse the online store, find a suitable service provider . We have two sources of income: (1) have passed "Wowo Mall" opened a storefront merchant fees paid by the online shop; (2) business customers by using the "Wowo coupons" on our e-commerce platform commission sales transactions proceed. Last few years, we have achieved rapid growth. In the year ended December 31, 2012 and the year ended December 31, 2013, we net revenues were $ 27.8 million and $ 36.3 million, which includes $ 2.8 million, respectively, and $ 10 million storefront fees. At the same time, our net loss has dropped from the December 31, 2012 year to $ 39 million as of as of the December 31, 2013 of $ 32.2 million a year. In the nine months ended September 30, 2013 and the nine months ended September 30, 2014, our net revenues were $ 27.6 million and $ 20.6 million, which includes $ 6.7 million, respectively, and 7.3 million dollar store costs. Meanwhile, nine months and nine months September 30, 2014 ended September 30, 2013 ended, our net loss was $ 21.1 million and $ 32.4 million. In order to achieve economies of scale and the current construction of a first-class platform, we've spent a lot of expenditure, including the establishment of 150 service centers and promote its "Wo Wo Group" brand in China and other major cities and population centers. However, we believe that the current cash balance of the Company, expected cash flows from operations activities, income from the IPO transaction, as well as from the company's chairman and CEO Xu Maodong financial support will be sufficient to December 31, 2015 former capital requirements to meet our expectations. Of particular note is that Xu Maodong has been written commitment to provide adequate funding so that we can fully repay the debt before December 31, 2015 expiration, and Xu Maodong has been made to ensure the use of specific assets, and thus this commitment providing further support. The funds will be needed to provide cash equity investment. The amount of the commitments will be in accordance with our requirements, without any restrictions, and no matter whether the IPO transaction will be provided. As of January 7, 2015, Xu Maodong has provided $ 62.6 million in interest-free funds to support our working capital needs. We will all debt owed by Xu Maodong are converted into additional common shares, and upon completion of the transaction to IPO IPO price of the ordinary shares issued to play Dora Games himself or his designee. Xu Maodong through financing and commitments IPO exchange will offer, we think they are ready to work, we will use the original infrastructure in the past few years, businesses and consumers to obtain recognition, as well as aspects of the deployment of high-performance teams the success achieved in order to achieve future growth.