SHANGHAI, Aug. 7, 2017 /PRNewswire/ -- JMU Limited ("the
Company" or "JMU") (NASDAQ:
JMU), a leading B2B online e-commerce
platform that provides integrated services to suppliers and
customers in the foodservice industry in China, today announced that the Company's
consolidated affiliated entity in China, Shanghai Zhongmin Supply Chain
Management Co., Ltd., reached a strategic partnership agreement
with Hutchison Whampoa Properties (Shanghai) Lujiazui Ltd. and TANSH Global Food
Group Co., Limited ("TANSH", formerly Xiao Nan Guo Restaurants
Holdings Limited) (HKEx:3666) on the development of Project
"Lane1192" (Cooperative Area), a nearly 3,000 square-meter space
designed for commercial use in Century Link, on August 1, 2017.
Under the partnership, JMU and TANSH
will establish a joint venture to oversee the store leasing process
in the Cooperative Area and provide operating guidance and advice
to its tenant shops and restaurants. TANSH will utilize its
operating experience and advantages to introduce restaurant and
food material brands to the Cooperative Area, and JMU will provide the integrated services of a
back-end restaurant ERP system and supply chain logistics.
Ms. Xiaoxia Zhu, JMU's Co-Chairperson and CEO commented: "We are
very pleased to partner with Century Link and TANSH to build a new
foodservice operating model that showcases our capabilities in
commercial property management, premium restaurant and food
material branding and supply chain standardization. Through the
partnership, we will become the leading service provider that can
satisfy different consumer demands in one modern venue, a one-stop
shop in which consumers can dine in, take out or buy high quality
semi-finished food. We believe this new operating model is one of
the future directions of the restaurant and food catering industry
and are optimistic about its success. We look forward to further
expanding this operating model to the wider China market."
Century Link is developed by Hutchison Whampoa Properties
(Shanghai) Lujiazui Ltd. and is
located in one of the busiest communities in Shanghai. Century Link stands at the crossing
of Century Avenue, Zhangyang Road and Dongfang Road in Lujiazui,
Pudong New District, where Subway lines 2, 4, 6 and 9 intersect.
The mall in Century Link Mall occupies seven floors, featuring a
total of 140,000 square meters of commercial space and a 3,000
square-meter atrium.
TANSH is a Chinese company listed in Hong Kong with over 30 years of history as a
global catering brand investment development group. The company's
brands offer a variety of formats, including Chinese food, Western
food, and casual dining, and includes Shanghai Xiao Nan Guan,
Nan Xiao Guan, Hui Gong Guan, ORENO, Pokka Café, Wolfgang Puck,
The Boat House, Mai Chi Ling, and
other invested and managed international brands.
About JMU Limited
JMU Limited currently operates China's leading B2B online e-commerce platform
that provides integrated services to suppliers and customers in the
catering industry. With the help of Internet and cloud
technologies, JMU has the vision to
reshape the procurement and distribution pattern and build a fair
business ecosystem in the catering industry in China. JMU is
further promoting the use of its platform for small- and
medium-sized restaurants and restaurant chains in China.
Through cooperation with national and local industry
associations and reputable restaurant groups across China, JMU has
formed a leading industrial alliance and has great resource
leverage in China's catering
industry. JMU works closely with
suppliers and customers in the catering industry, providing
one-stop procurement services, as well as other value-added
services. For more information, please visit:
http://ir.ccjmu.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"aim", "anticipate", "believe", "estimate", "expect", "going
forward", "intend", "ought to", "plan", "project", "potential",
"seek", "may", "might", "can", "could", "will", "would", "shall",
"should", "is likely to" and the negative form of these words and
other similar expressions. Among other things, statements that are
not historical facts, including statements about JMU's beliefs and expectations, the business
outlook and quotations from management in this announcement, as
well as JMU's strategic and operational
plans, are or contain 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, including but not
limited to the following: The general economic and business
conditions in China may
deteriorate. The growth of Internet and mobile user population in
China might not be as strong as
expected. JMU's plan to enhance
customer experience, upgrade infrastructure and increase service
offerings might not be well received. JMU might not be able to implement all of its
strategic plans as expected. Competition in China may intensify further. All information
provided in this press release is as of the date of this press
release and are based on assumptions that we believe to be
reasonable as of this date, and JMU
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
Contact:
Freda Feng,
IR Director
JMU Limited
fengxiaohong@ccjmu.com
Tel: +86-21-6015-1166 ext.8904
Bill Zima
ICR Inc.
bill.zima@icrinc.com
Tel: +1(203)-682-8200
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SOURCE JMU Ltd