Meiwu Technology Co Ltd
wnw108.comWhat Do They Do?
Sells skincare and health products to non-retail customers, and provides text-messaging and other business services to customers.
20-F for FY2025, filed Apr 17, 2026In the second half of 2024 and the year ended December 31,2025, the Company started offline sales which mainly focused on the non-retail…View ↗
(1) Communication Platform-as-a-Service (“CPaaS”) which allows customers to send text messages using the Company’s cloud-based platform…View ↗
(2) Providing technical solutions to customers: The Company generates revenue from providing technical and maintenance services under…View ↗
(3) Providing training services to customers: The Company generates revenue from providing short-term training services to customers. For…View ↗
How Do They Make Money?
Offline customers order goods to their needs; new customers typically prepay before the company buys from suppliers, while distributing customers generally pay 30 days after amounts are due. Text-message fees track monthly message use and subscriber counts; technical, maintenance and training services have fixed contract prices.
20-F for FY2025, filed Apr 17, 2026In the second half of 2024 and the year ended December 31,2025, the Company started offline sales which mainly focused on the non-retail…View ↗
Payment terms for distributing customers are generally set 30 days after the consideration becomes due and payable.View ↗
(1) Communication Platform-as-a-Service (“CPaaS”) which allows customers to send text messages using the Company’s cloud-based platform…View ↗
(2) Providing technical solutions to customers: The Company generates revenue from providing technical and maintenance services under…View ↗
(3) Providing training services to customers: The Company generates revenue from providing short-term training services to customers. For…View ↗
$7.1M
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20-F for FY2025, filed Apr 17, 2026
$7.1M ↗
Who Are Their Customers?
Offline sales focus mainly on non-retail customers, who order goods to their needs; service customers use the text-message platform or buy technical, maintenance and training services.
20-F for FY2025, filed Apr 17, 2026In the second half of 2024 and the year ended December 31,2025, the Company started offline sales which mainly focused on the non-retail…View ↗
(1) Communication Platform-as-a-Service (“CPaaS”) which allows customers to send text messages using the Company’s cloud-based platform…View ↗
(2) Providing technical solutions to customers: The Company generates revenue from providing technical and maintenance services under…View ↗
(3) Providing training services to customers: The Company generates revenue from providing short-term training services to customers. For…View ↗
Do Revenues Turn Into Profits?
No. It lost $18.6M in FY2025.
How Are They Changing?
Shrinking. Revenue fell 42% in 4 years, from $12.3M in FY2021 to $7.1M in FY2025, about 13% a year.
From support fees to product and customer services
The older report describes a monthly fee for a wholly owned enterprise’s support to Meiwu Shenzhen; the latest report describes product sales and messaging, technical and training services, and says the contractual arrangements with Meiwu Zhishi ended.
20-F for FY2022, filed May 12, 2023 20-F for FY2025, filed Apr 17, 2026Pursuant to the Services Agreement by and between Meiwu Shenzhen and WFOE, WFOE provides Meiwu Shenzhen with technical and consulting…View ↗
In the second half of 2024 and the year ended December 31,2025, the Company started offline sales which mainly focused on the non-retail…View ↗
(1) Communication Platform-as-a-Service (“CPaaS”) which allows customers to send text messages using the Company’s cloud-based platform…View ↗
(2) Providing technical solutions to customers: The Company generates revenue from providing technical and maintenance services under…View ↗
(3) Providing training services to customers: The Company generates revenue from providing short-term training services to customers. For…View ↗
On December 10, 2024, Guogangtong Trading (Shenzhen) Co., Ltd. (“WFOE”), the wholly owned subsidiary of Vande entered into an agreement…View ↗
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