(Yicai Global) March 2 -- Weimob's software-as-a-service business has been restored to normal, and the sabotaged backup data of its SaaS business merchants has been retrieved as well, the Shanghai-based cloud-based commerce services provider announced today, sending its shares [HK:2013] soaring to a high of 11 percent to HKD5.33 (USD0.68) this morning, but they then lost some headway, closing up 9.17 percent at HKD5.24 at the lunch bell.

The recovery of its online data is expected be fully completed at 9.00 a.m. on March 3. The company will officially perform online data restoration from 10 pm to 9 am on March 2. It will recover data from Feb. 23, when the disruption occurred, and before and will merge the Feb. 23 data with that of March 2.

An employee of Weimob deliberately sabotaged the production environment of the company's SaaS business, rendering its products temporarily unavailable to its customers. The staffer is now in Shanghai police detention. The company has stated no reasons for the worker's action.

The firm restored the production environment of all its SaaS business, opened up the login function to its existing users, and retrieved all the backed-up data of its Wei Station products on Feb. 28.

SaaS is a licensing means where subscribers can access software located on external servers rather than purchased and downloaded onto their own.

Offering varied solutions for smart retail, restaurants, hotels and entertainment, Weimob is China's leading provider of cloud business and marketing services, mainly for small and medium-sized companies, information on its website shows. It has more than 3 million registered merchants, including Walmart and Lenovo.

Editor: Ben Armour