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Chinese cross-border eCommerce has reached a turning point, says new research from Oliver Wyman. Spending online offshore by Mainland Chinese reached RMB 120 billion (US$17.963 billion) in 2015 according to iResearch, and is expected to grow more than 60 per…
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. In the quarter to September 30, net revenue reached RMB1.9 billion (US$305.5 million). Total…
Jumei, the Chinese online retailer, says its sales rose 99.5 per cent in the second quarter to June 30. The e-tailer achieved net revenues of US$308.1 million and its GMV rose by 30 per cent to $376 million as its customer base grew 28 per cent and orders by…
Chinese language on-line magnificence merchandise retailer Jumei Worldwide has purchased a minority stake in Korean magnificence model It’S Pores and skin. It’S Pores and skin is described as “a status Korean magnificence model that has turn into very…
Jumei Worldwide, the Chinese language on-line retailer of magnificence merchandise, has revealed a 61.eight per cent improve in first quarter gross sales to US$250.6 million. Gross merchandise quantity lept 20.three per cent because of a 14.three per cent…
Jumei International, the Chinese online retailer, says its 2014 net revenue increased by 31 per cent year-on-year to US$632.9 million. The increase reflects a change of focus away from its once core focus on own brand beauty products, to branded products and…
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