Jumei Announces Strategic Investment in Jiedian
May 04 2017 - 9:18AM
Jumei International Holding Limited (NYSE:JMEI) ("Jumei" or the
"Company"), China's leading online retailer of beauty products,
today announced that it had entered into definitive agreements to
acquire equity interests in Shenzhen Jiedian Technology Co., Ltd
(“Jiedian”) for a total cash consideration of RMB300 million.
Jiedian is one of the leading players in the
portable power bank sharing business. It facilitates master power
charging boxes in highly frequented points of interest, such as
restaurants, bars, gyms, airports, train stations, shopping malls,
hair/beauty salons, hospitals and parks. Each power box contains
multiple portable power banks, and users can charge their mobile
phones on-site or take away a power bank and return it at any other
Jiedian site. Users can use Jiedian’s app to locate nearby power
boxes where they can rent a portable power bank by scanning a QR
code and making mobile payments. Jiedian has deployed its power
boxes in over twenty major cities and plans on expanding
nationwide.
Mr. Leo Ou Chen, founder and CEO of Jumei,
commented, "The sharing economy is rapidly developing as hundreds
of millions of Chinese consumers have embraced internet mobility as
a way of life, both professionally and socially. Intensive
smartphone usage creates a vast market for Jiedian’s innovative
services and network. This strategic investment in Jiedian will
allow us to further expand our eco system to the forefront of
mobile internet business and is an important portion of Jumei’s
all-in strategy to ride the new wave of technology innovation."
About Jumei International Holding
Limited
Jumei (NYSE:JMEI) is China's leading online
retailer of beauty products. Jumei's internet platform is a trusted
destination for consumers to discover and purchase branded beauty
products, baby, children and maternity products, light luxury
products, health supplements and other products through the
Company's jumei.com and jumeiglobal.com websites and mobile
application. Leveraging its deep understanding of customer needs
and preferences, as well as its strong merchandizing capabilities,
Jumei has adopted multiple effective sales formats to encourage
product purchases on its platform, including curated sales, online
shopping mall and flash sales. More information about Jumei can be
found at http://ir.jumei.com.
Safe Harbor Statement
Any forward-looking statements contained in this announcement
are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Jumei may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission ("SEC") on
Forms 20-F and 6-K, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements
about Jumei's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement. Further information regarding such risks
and uncertainties is included in Jumei's filings with
the SEC, including its annual report on Form 20-F. All
information provided in this press release and in the attachments
is as of the date of this press release, and Jumei does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please contact:
Jumei International Holding Limited
Ms. Dahlia Wei
Investor Relations Director
Phone: +86-10-5676-6982
Email: linw@jumei.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
Email: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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