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皇冠体育app's Jumei soars on US market trading debut

(Xinhua) Updated: 2014-05-17 11:46

Otto told Xinhua that the success with this company in particular is its speciality of selling cosmetics online as a major focus.

皇冠体育app's Jumei soars on US market trading debut
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皇冠体育app's Jumei soars on US market trading debut
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Unlike general category e-commerce companies such as Alibaba, Jumei is "very much a speciality niche," he said. "There are so many people in 皇冠体育app that are certainly utilizing internet and that's only going to expand, especially with the onset of the in 皇冠体育app. So I think that all these factors come into play and benefit this company."

"Their success going forward is going to be brilliant," Otto stressed.

In the first quarter of 2014, approximately 49 percent of Jumei 's gross merchandise volume was generated through its mobile application, the company said.

Jumei's current sales formats consist of curated sales, online shopping mall and flash sales, it added.

To guarantee the genuineness of its products, Jumei has launched cosmetic anti-fake code system that makes its internet platform a trusted destination for consumers to discover and purchase branded beauty products, the company said.

According to Chen, Jumei also cooperated with branded foreign cosmetic companies to obtain franchises for selling beauty products in 皇冠体育app to prevent the issue of counterfeit products from the very source.

Meanwhile, 皇冠体育app's e-commerce giant Holding Ltd. last Tuesday filed its IPO in the United States, planning to raise $1 billion. But analysts predicted that the company could fund around $15 billion to $20 billion through its IPO, which is expected to be one of the largest stock listings in history.

Earlier this year, 皇冠体育app's IT education provider Tarena International, privately held medical services provider iKang Healthcare Group, micro-blogging site Weibo, online-to-offline real estate services firm Leju and online leisure travel company Tuniu, as well as Cheetah mobile have listed shares in the US market.

皇冠体育app's Jumei soars on US market trading debut

皇冠体育app's Jumei soars on US market trading debut

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