SHANGHAI, July 19, 2017 /PRNewswire/ -- JMU Limited ("the
Company" or "JMU") (NASDAQ:
JMU), a leading B2B online e-commerce
platform that provides integrated services to suppliers and
customers in the foodservice industry in China, today announced that the Company's
consolidated affiliated entity in China, Shanghai Zhongmin Supply Chain
Management Co., Ltd., Nippon ACCESS Inc ("ACCESS"), and TANSH
Global Food Group Co., Limited ("TANSH", formerly Xiao Nan Guo
Restaurants Holdings Limited) (HKEx: 3666) have reached a three-way
partnership agreement on the strategic development of China's food and beverage market and had
signed a Letter of Intent on Business Cooperation. Under this
collaboration, the Company will continue its strategy to build the
food catering and hotel B2B2C supply chain platform, and will fully
cooperate with ACCESS and TANSH to develop international trade,
research and development of food materials and food products, as
well as overall supply chain cooperation. Specific cooperation
includes the following:
- Food materials and food products international trade
cooperation
With the China as an important
strategic market, the three parties will cooperate to develop
Chinese, Japanese, and other overseas regions' abilities to import
and export food materials and food products for international
trade.
- Holistic store supply chain collaboration in foodservice and
hotel industry
JMU will work with ACCESS and TANSH to
develop a holistic model of supply chain collaboration through
research-trade-cold chain logistics. With ACCESS's experience and
capability in R&D in food products and supply chain and TANSH's
operation and investment experience in food and beverage industry,
the three parties will collaborate in supply chain and food
material product R&D, and will create a new model of "S2B2C"
based on "Supply chain to Business to Customer through JMU's advantages in platform and supply chain
service.
Ms. Xiaoxia Zhu, JMU's Co-Chairperson and CEO commented: "The
development of China's catering
industry not only needs a base in the domestic market, but also
needs to open internationally and to introduce premium food
materials and products, advanced research in production technology
and more efficient supply chain service management experience. I
look forward to working with ACCESS and TANSH to greatly improve
JMU's competitive product line, service
quality, and to create value for more of our partners. In the
future, our food will be safer, healthier, and more delicious, and
allow the international exchange of food and cooperation to be more
efficient, extensive, and broad."
Founded in 1952, ACCESS is one of Japan's largest food distribution companies
with more than half a century of experience in food circulation and
advanced technology. One of the world's Fortune 500 companies,
ITOCHU, holds a 93.77% stakes in the company. ACCESS focuses on the
fields of food supply chain with annual sales of RMB125 billion (approximately US$ 18.5 billion), business coverage, convenience
stores pharmacies, and others. Its 2017 business strategy is to
expand overseas to international markets, with a focus on mainland
China, Hong Kong, Taiwan, and Southeast Asia and North America.
TANSH is a Chinese company listed in Hong Kong with over 30 years of history as a
global catering brand investment development group. The company's
brands offer a variety of formats, including Chinese food, Western
food, and casual dining, and includes Shanghai Xiao Nan Guan,
Nan Xiao Guan, Hui Gong Guan, ORENO, Pokka Café, Wolfgang Puck,
The BoatHouse, Mai Chi Ling, and
other invested and managed international brands.
About JMU Limited
JMU Limited currently operates China's leading B2B online e-commerce platform
that provides integrated services to suppliers and customers in the
catering industry. With the help of Internet and cloud
technologies, JMU has the vision to
reshape the procurement and distribution pattern and build a fair
business ecosystem in the catering industry in China. JMU is
further promoting the use of its platform for small- and
medium-sized restaurants and restaurant chains in China.
Through cooperation with national and local industry
associations and reputable restaurant groups across China, JMU has
formed a leading industrial alliance and has great resource
leverage in China's catering
industry. JMU works closely with
suppliers and customers in the catering industry, providing
one-stop procurement services, as well as other value-added
services. For more information, please visit:
http://ir.ccjmu.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"aim", "anticipate", "believe", "estimate", "expect", "going
forward", "intend", "ought to", "plan", "project", "potential",
"seek", "may", "might", "can", "could", "will", "would", "shall",
"should", "is likely to" and the negative form of these words and
other similar expressions. Among other things, statements that are
not historical facts, including statements about JMU's beliefs and expectations, the business
outlook and quotations from management in this announcement, as
well as JMU's strategic and operational
plans, are or contain forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: The general economic and business
conditions in China may
deteriorate. The growth of Internet and mobile user population in
China might not be as strong as
expected. JMU's plan to enhance
customer experience, upgrade infrastructure and increase service
offerings might not be well received. JMU might not be able to implement all of its
strategic plans as expected. Competition in China may intensify further. All information
provided in this press release is as of the date of this press
release and are based on assumptions that we believe to be
reasonable as of this date, and JMU
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
Contact:
Freda Feng, IR Director
JMU Limited
fengxiaohong@ccjmu.com
Tel: +86-21-6015-1166 ext.8904
Bill Zima
ICR Inc.
bill.zima@icrinc.com
Tel: +1(203)-682-8200
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SOURCE JMU Ltd