BEIJING, June 2, 2015 /PRNewswire/ -- Jumei International
Holding Limited (NYSE: JMEI) ("Jumei" or the "Company"),
China's leading online retailer of
beauty products, today announced that it has acquired a minority
stake in It'S SKIN, a Korean beauty brand.
It'S SKIN is a prestige Korean beauty brand that has become very
popular amongst Chinese consumers.
Mr. Leo Ou Chen, founder and CEO of Jumei, stated, "The
popularity of Korean beauty products in China has grown rapidly over the past few
years. With an extensive catalogue of prestige products, It'S SKIN
is an ideal partner for Jumei to collaborate with as we build Jumei
Global into the largest cross border e-commerce platform in
China. It'S SKIN will greatly
benefit from the growing size and scale of our platform."
About Jumei International Holding Limited
Jumei (NYSE: JMEI) is China's No. 1 online
retailer of beauty products as measured by gross merchandise
volume, with a market share of 22.1% in 2013, according to a
commissioned research report by Frost & Sullivan. Jumei's
internet platform is a trusted destination for consumers to
discover and purchase branded beauty products, fashionable apparel
and other lifestyle products through the
Company's jumei.com website 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://jumei.investorroom.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
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Among other things,
the business outlook and quotations from management in this
announcement, as well as Jumei's strategic and operational plans,
contain forward-looking 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, including but not
limited to the following: the Company's goals and strategies; the
Company's future business development, results of operations and
financial condition; the expected growth of the Company's curated
sales, online shopping mall and flash sales in China; the
expected growth of Jumei Global, the Company's ability to
attract and retain new customers and to increase revenues generated
from repeat customers; its ability to obtain the authorization of
more exclusive products; its expectations regarding demand for and
market acceptance of its products and services; trends and
competition in China's online retailers of beauty
products; fluctuations in general economic and business conditions
in China and assumptions underlying or related to any of
the foregoing. Further information regarding these and other risks
is included in Jumei's filings with the SEC, including its
registration statement on Form F-1, as amended. 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
Mr. Sterling Song
Investor Relations Director
Phone: +86-10-5676-6983
kans@jumei.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE Jumei International Holding Limited