Jumei

JuMei.com is a China-based online cosmetic shopping platform focused on make-up and skin-care brands. As a first vertical business-to-consumer website of cosmetics, it positions itself as a professional e-commerce website for women. It is focused on the potential cosmetics market, so that it can avoid conflicting with other business-to-consumer markets. Within three years, JuMei.com went from 100,000 Yuan in monthly sales to 500,000,000 Yuan.   JuMei.com has raised venture funding from many investors, including angel investor Xu Xiaoping, Alibaba, and Sequoia Capital. Today, it has a product line-up that includes brands such as Calvin Klein, Estee Lauder, Avon, and Elizabeth Arden. The website currently has nearly four million registered users.   JuMei.com was launched by Chen Ou, the creator of the gaming platform, Gerena. It is based in Beijing, China.

BEIJING, April  14, 2020  (GLOBE NEWSWIRE) -- Jumei International Holding Limited (NYSE: JMEI) (“Jumei” or the “Company”), today announced the completion of its merger (the “Merger”) with Jumei Investment Holding Limited (“Purchaser”), a wholly-owned subsidiary of Super ROI Global Holding Limited (“Parent”), pursuant to the agreement and plan of merger (the “Merger Agreement”) dated February 25, 2020 by and among Parent, Purchaser and the Company. As a result of the merger, the Company ceased to be a public traded company and became a wholly-owned subsidiary of Parent.

Jumei International Holding Limited Announces Completion of Going Private Transaction

BEIJING, April  09, 2020  (GLOBE NEWSWIRE) -- Super ROI Global Holding Limited (“Super ROI”) and Jumei International Holding Limited (NYSE: JMEI) (“Jumei” or the “Company”), today announced that Super ROI’s tender offer (the “Offer”) to purchase all outstanding class A ordinary shares, par value $0.00025 each, of Jumei (“Class A Ordinary Shares”) and American depositary shares, each representing ten Class A Ordinary Shares (“ADSs”), expired at 12:00 midnight, New York City time, at the end of the day on April 8, 2020. Super ROI and its wholly owned subsidiary, Jumei Investment Holding Limited, have accepted for payment all Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) that were validly tendered and not validly withdrawn prior to the expiration of the Offer at price of $2.00 in cash per Class A Ordinary Share, or $20.00 in cash per ADS, without interest and less $0.05 per ADS cancellation fees and other related fees and withholding taxes, in accordance with the terms and conditions of the Offer.

SUPER ROI GLOBAL HOLDING LIMITED PURCHASES CLASS A ORDINARY SHARES AND ADSs IN TENDER OFFER FOR JUMEI INTERNATIONAL HOLDING LIMITED

Jumei Investment Holding Limited Will Offer to Acquire ADSs of Jumei for $20.0 Per ADS and Class A Ordinary Shares of Jumei for $2.0 Per Class A Ordinary Share in Cash Jumei Investment Holding Limited Will Offer to Acquire ADSs of Jumei for $20.0 Per ADS and Class A Ordinary Shares of Jumei for $2.0 Per Class A Ordinary Share in Cash

Jumei Enters into a Definitive Agreement for Going-Private Transaction

Jumei International: Don't Fall For The Privatization Offer

BEIJING, Jan.  14, 2020  (GLOBE NEWSWIRE) -- Jumei International Holding Limited (NYSE: JMEI) (“Jumei” or the “Company”), a fashion and lifestyle solutions provider in China, today announced that the special committee (the “Special Committee”) of the Company’s board of directors has retained Houlihan Lokey (China) Limited as its financial advisor in connection with its review and evaluation of the previously announced preliminary non-binding “going private” proposal letter that the Company’s board of directors received on January 11, 2020.

Jumei Special Committee Engages Financial Advisor

BEIJING, Jan.  12, 2020  (GLOBE NEWSWIRE) -- Jumei International Holding Limited (NYSE: JMEI) (“Jumei” or the “Company”), a fashion and lifestyle solutions provider in China, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter (the “Proposal”), dated January 11, 2020, from Mr. Leo Ou Chen, chairman of the Board, chief executive officer and acting chief financial officer of the Company, to acquire all of the outstanding ordinary shares (the “Shares”) of the Company, including Shares represented by American depositary shares (the “ADSs,” each representing ten Class A ordinary shares), that are not already owned by Mr. Chen and his affiliates (the “Buyer Group”) for a purchase price of $20.0 per ADS in cash (the “Proposed Transaction”). The Proposed Transaction, if completed, would result in the Company becoming a privately-held company owned by the Buyer Group, and the Company’s ADSs would be delisted from the New York Stock Exchange. A copy of the Proposal is attached hereto as Exhibit A.

Jumei Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company at $20.0 per ADS

BEIJING, Jan.  01, 2020  (GLOBE NEWSWIRE) -- Jumei International Holding Limited (NYSE: JMEI) ("Jumei" or the "Company"), a fashion and lifestyle solutions provider in China, today announced that it will delay the release of its financial results for the six months ended June 30, 2019. The Form 6-K could not be filed within the time period specified by the New York Stock Exchange because certain operational results cannot be provided on a U.S. GAAP basis without significant effort or expense.

Jumei to Delay Earnings Release for First Half of 2019

BEIJING, Dec.  31, 2019  (GLOBE NEWSWIRE) -- Jumei International Holding Limited (NYSE: JMEI) ("Jumei" or the "Company"), China's leading online retailer of beauty products, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) to its Class A ordinary shares (the “ADS Ratio”), par value US$0.00025 per share, from the current ADS Ratio of one (1) ADS to one (1) Class A ordinary shares to a new ADS Ratio of one (1) ADS to ten (10) Class A ordinary shares. The Company anticipates that the change in the ADS Ratio will be effective on or about January 10, 2020 (the “Effective Date”).

Jumei Announces Plan to Implement ADS Ratio Change

BEIJING, Dec.  11, 2019  (GLOBE NEWSWIRE) -- Jumei International Holding Limited (NYSE: JMEI) ("Jumei" or the "Company"), China's leading online retailer of beauty products, today announced that that it will hold its annual general meeting of shareholders (the "AGM") at 20th Floor, Tower B, Zhonghui Plaza, 11 Dongzhimen South Road, Dongcheng District, Beijing 100007, the People's Republic of China on December 25, 2019 at 3:00 p.m. (Beijing time). No proposal will be submitted to shareholders for approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and holders of the Company's American depositary shares ("ADSs") to discuss Company affairs with management.

Jumei to Hold Annual General Meeting on December 25, 2019

Shares of the Chinese online cosmetics seller jumped on news of a new share buyback authorization.

News for Jumei Stock (JMEI)