YuuZoo to develop social e-commerce network for China’s JW Lottedi malls

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.