YuuZoo to develop social e-commerce network for China’s JW Lottedi malls
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Singapore’s YuuZoo Corporation on Friday said it has entered into an exclusive partnership with JW Lottedi Mega Malls in China to develop a social e-commerce network for the malls.
The network specially developed for Mega Malls will sit within YuuZoo’s social e-commerce virtual shopping mall. JW Lottedi is part of Jingwei Group, which is involved in property management, assets appraisal, real estate development and microfinance services.
The first of the Mega Malls, which are based on a new Korean-style shopping, entertainment and leisure mall concept, will be completed in August this year. A 120,000-square metre complex, it will have some 600 merchants. They will be able to provide their products to 700 million customers through YuuZoo China’s virtual shopping mall through the latter’s tie-up with Great Sports Media, YuuZoo Corporation said.
Questions & Answers
Q.What is the primary purpose of the partnership between YuuZoo and JW Lottedi?
What is the primary purpose of the partnership between YuuZoo and JW Lottedi?
The partnership aims for YuuZoo to develop a social e-commerce network specifically for JW Lottedi's Mega Malls in China. This network will be integrated into YuuZoo’s existing social e-commerce virtual shopping mall.
Q.When will the first JW Lottedi Mega Mall be operational?
When will the first JW Lottedi Mega Mall be operational?
The first Mega Mall, a 120,000-square metre complex featuring a new Korean-style shopping, entertainment and leisure concept, is expected to be completed in August this year.
Q.How will the merchants in the new Mega Malls reach customers online?
How will the merchants in the new Mega Malls reach customers online?
The 600 merchants in the Mega Malls will offer their products to 700 million customers via YuuZoo China’s virtual shopping mall. This is made possible through YuuZoo’s existing partnership with Great Sports Media.
Q.What kind of business is JW Lottedi's parent company, Jingwei Group, involved in?
What kind of business is JW Lottedi's parent company, Jingwei Group, involved in?
Jingwei Group, the parent company of JW Lottedi, is involved in several sectors. These include property management, assets appraisal, real estate development, and microfinance services.
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