Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Jumei International Holding Limited (“Jumei” or the “Company”) (NASDAQ:JMEI) concerning possible violations of federal securities laws. The investigation is focused on the Company’s business and financial performance and prospects.

Please contact Lesley Portnoy, at (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

Jumei operates as an online retailer of beauty products in the People’s Republic of China. The investigation is related to the Company’s November 19, 2014, announcement of the Company’s unaudited financial results for third quarter 2014. According to the Company, for the quarter ended September 30, 2014, Jumei’s total gross merchandise value (GMV) grew by a disappointing 31.4% from the prior year, and gross profit as a percentage of total net GMV decreased to 22.0%, down from 25.9% in the same period of 2013, “primarily due to an increase in promotional activities, which led to relatively higher pricing discounts, as well as the higher value-added tax paid as a result of a shift from beauty product marketplace sales to merchandise sales.” In addition, since the Company’s May 2014 initial public offering, the price of Jumei stock has steadily fallen, from a high of approximately $37 per share in mid-August 2014, to a closing price of $15.08 on December 9, 2014.

If you purchased Jumei shares, if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CALesley Portnoy310-201-9150888-773-9224shareholders@glancylaw.comwww.glancylaw.com

Jumei (NYSE:JMEI)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Jumei Charts.
Jumei (NYSE:JMEI)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Jumei Charts.