shares of weimob inc fell sharply after the chinese software providers firsthalf net loss widened and revenue declined due to weakness in its merchantsolutions segment weimobs hong konglisted stock fell 12 to hk376 in tuesday morning trade heading for its biggest oneday loss since midmarch its shares have retreated 52 so far this year the company posted a net loss of 6085 million yuan us898 million for the first six months compared with cny5577 million a year earlier it said in a filing late monday revenue for the period shrank 62 to cny8996 million mainly dragged by its merchant solutions business which recorded a 22 revenue decrease under the impact of the pandemic and macroeconomic conditions the advertising budgets of merchants decreased weimob said weimobs revenue growth in the second half may be weighed by pandemicdriven disruptions to the signing of new contracts daiwa capital markets analysts candis chan and john choi said in a note but with recovery from earlier lockdowns underway weimobs revenue should grow 1020 in the second half they said daiwa also expects weimob to record a net loss of cny400 million in the second half as previously capitalized research and development costs pressure its bottom line but the analysts said a reduced headcount could help narrow losses