Jumei Archives - Inside Retail Asia
Chinese cross-border eCommerce has reached a turning point, says new research from Oliver Wyman.
Jumei International, the Chinese online retailer of beauty products, has reported a sales increases of 99.9 per cent – but it still posted a quarterly operating loss.
Chinese online retailer Jumei says its sales rose 99.5 per cent in the second quarter.
Chinese online retailer of beauty products Jumei has stepped in to finance BabyTree to the tune of US$250 million.
Chinese online beauty products retailer Jumei International has bought a minority stake in Korean beauty brand It’S Skin.
Jumei sales soar 62 per cent as customer base booms to 5.6 million active shoppers.
Fake beauty products are now so prevalent in China, that most online shoppers have almost certainly unwittingly bought them by now.
Jumei International, the Chinese online beauty products retailer, says its 2014 net revenue increased by 31 per cent year-on-year to US$632.9 million.
Chinese online retailer of beauty products Jumei International has won the rights to market a luxury brand from the LVMH stable – and another from Australia. It follows widespread reticence among major international brands to expose themselves to counterfeiting threats on Chinese websites. Jumei says it has been authorised to begin selling an exclusive set of beauty products from Givenchy, a brand owned by the LVMH group, and lines from Australia’s Jurlique cosmetics. The products have a…
Online shopping continues its rise in China. The nation’s online retailers have recorded 1.1 trillion yuan ($176.1 billion) in sales during the first half, 33.4 per cent higher than the same period last year. Online sales now account for 8.4 percent of the nation’s overall retail sales, according to the Ministry of Commerce (MOFCOM). MOFCOM says counterfeiting is still a serious issue, however, marketplaces are strengthening their efforts to fend off fraudulent third party merchants. …
[:en] Chinese online beauty products retailer Jumei seeks to raise $245.1 million through an IPO in the US. Jumei is offering 11,140,000 American depositary shares at $22 per ADS, assuming the underwriters do not exercise their option to purchase additional ADSs. The retailer has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,671,000 additional ADSs at $22 per ADS. It has hired Goldman Sachs (Asia), Credit Sui…