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Zall Smart Commerce expects H1 revenue to rise 6x YOY

Zall Smart Commerce Group Ltd. expects revenue for the six months ended June 30 to increase on an annual basis by at least 6x.

The expected increase was mainly attributed to two completed equity interest buys. The acquisition of a 50.6% stake and a 52.48% stake in Shenzhen Sinoagri E-commerce Co. Ltd. and HSH International Inc. grew the revenue of the Hong Kong-listed developer's supply chain management business, trading and related valued-added services.

The interim results of Zall Smart Commerce, formerly known as Zall Group Ltd., will be released by August-end.