SHANGHAI, March 19, 2018 /PRNewswire/ -- JMU Limited ("the
Company" or "JMU") (NASDAQ:
JMU), a leading B2B2C online e-commerce
platform that provides integrated services to suppliers and
customers in the foodservice industry in China, today announced the establishment of
Asia New Food Material Research and Development Center ("New Food
Material") to develop standardized Ready-to-Cook ("RTC") and
Ready-to-Eat ("RTE") products to supplement its core online direct
sales business. The primary goal of this center is to develop "New
Food Material" and to provide services to customers through a
standard supply chain based on "RTC" and "RTE". The research of
"New Food Material" is based on the integration of "standardized
food materials, standardized flavoring, and standardized
operations."
Ms. Xiaoxia Zhu, JMU's Co-Chairperson and CEO commented: "We are
very pleased to launch this new initiative, which complements the
product line in our online direct sales business with products that
help our customers cut costs, reduce kitchen space, maintain
product stability, protect food safety and improve operating
efficiency and effectiveness. Further, by focusing on the
standardization of materials, taste, and culinary aesthetics, we
are able to help our customers and partners achieve long-term
growth, thus improving our user stickiness."
The Asia New Food Material Research and Development Center was
established in January 2018 and
mainly focuses on the following areas: Chinese food, noodles,
desserts, Japanese cuisine, coffee and cakes, and condiments.
"Since its launch," Ms. Zhu continued, "the order volume of our
new products has seen double-digit monthly growth and attracted
customers from industry alliances and large restaurant groups alike
in the major regions of Beijing,
Shanghai, Guangzhou, Shenzhen, and Eastern China. We believe that this strong
growth momentum will continue for the full year, contributing to
our sales and margin performance over the long-term."
"We are optimistic about New Food Material and look forward to
providing current and new customers with its products. Through our
continued value-added food supply chain innovations, we believe we
are well-positioned to lead our industry in realizing an efficiency
revolution," concluded Ms. Zhu.
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.
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