MASK | Market Cap: $5.9M (07/13/26)
Industry:
Software
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DESCRIPTION

3e Network Technology Group is a small B2B custom software developer serving niche industry verticals, primarily in Hong Kong and mainland China. The company builds bespoke software systems for clients across three main verticals: property management (covering smart access control, fee collection, and resident communications, built on WeChat mini-programs for PRC property managers), restaurant management (mobile app-based systems for ordering, table management, and membership rewards, targeting restaurant chains in Hong Kong), and clean energy (a dormant solar plant monitoring platform). 3e Network has exited its exhibition and conference software business as of FY2025. The company operates a project-based revenue model: clients commission a custom system, 3e Network builds and delivers it, and revenue is recognized on acceptance. There is no recurring subscription or maintenance revenue. The company's technical team of 8 doubles as its sales force, selling through direct field sales and client referrals. With only 13 employees total, labor is the primary cost, and margins depend on project delivery efficiency relative to contract value. In March 2025, 3e Network sold majority stakes in its two PRC subsidiaries to Techfaith for roughly RMB 7.6M, retaining a 40% minority stake in one. The company now operates almost entirely out of Hong Kong, with a new subsidiary, Maskmeta, incorporated in early 2025 as part of a stated push into Southeast Asian markets.

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