Jumei Completes Acquisition of Jiedian
August 30 2017 - 5:00PM
Jumei International Holding Limited (NYSE:JMEI) (“Jumei” or the
“Company”), China’s leading online retailer of beauty products,
today announced that it has completed its acquisition of equity
interest in Shenzhen Jiedian Technology Co., Ltd (“Jiedian”).
As a result, equity interest is now held by a wholly-owned
subsidiary of Jumei,
River International Holding Limited, which was
incorporated in The British Virgin Islands on May 5, 2017.
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.
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,” “confidence” and
similar statements. Jumei may also make written or oral
forward-looking statements in its reports filed or furnished to the
U.S. Securities and Exchange Commission, in its annual reports 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 these and
other risks is included in our annual report on Form 20-F and other
documents filed with the Securities and Exchange Commission. All
information provided in this press release is as of the date of
this press release, and Jumei undertakes no duty to update such
information, except as required under applicable law.
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.
For investor and media inquiries, please contact:
Jumei International Holding Limited
Ms. Cindy Cao
Senior Reporting Manager
Phone: +86-10-5676-6824
Email: chunyanc@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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