I always confused by the number of e-companies. The existing business is US$40 million, and targeted US$3 billion within 1 year with Yuuzoo, that is a growth of 75x. Yes, 75x, not 75%.
I must be misleaded somewhere...
(not vested)
YuuZoo signs exclusive partnership deal with Turkey’s largest fashion e-commerce aggregator
YuuZoo Corporation, the social e-commerce shopping mall, said it has signed an exclusive partnership agreement with Turkey’s largest social fashion e-commerce aggregator Bukombin.
Under the deal, YuuZoo will launch Bukombin in China as part of its fully localised and mobile optimised social e-commerce shopping website
www.yuuzoo.cn.
YuuZoo combines social networking and e-commerce in a mobile-optimized, fully-localised virtual shopping mall, where the consumer can access hundreds of social networks, shops and entertainment sites through one single login.
www.yuuzoo.cn will be marketed in China in an exclusive partnership with Great Sports Media Co, the fully-owned sport, lifestyle and casual gaming division of Shanghai Media Group (SMG), China’s second largest TV network with a reach to over 700 million viewers in China.
Bukombin is the largest social fashion e-commerce aggregator in Turkey. Within 18 months of its launch, Bukombin generated US$40 million ($50.7 million) of business and 2.4 million followers on Facebook.
Can Demirer, CEO of Bukombin, says, “China is the world’s largest and fastest growing e-commerce market. The tie up with YuuZoo is of utmost strategic importance for our growth. Industry estimates are that in 2013, the e-commerce market in China was US$300 billion. We are expecting to achieve 1% of this, or US$3 billion, in our first year of operations with YuuZoo. We are confident that we as a part of YuuZoo’s unique socially driven, mobile-optimised and fully localised Chinese e-commerce marketplace can achieve this.”
http://www.theedgesingapore.com/the-dail...gator.html
Homepage
PR Newswire
