SINGAPORE - Mainboard-listed YuuZoo Corporation announced on Friday (Feb 6) that it has entered into an exclusive partnership with JW Lottedi Mega Malls in China to develop a social e-commerce network for the company.
JW Lottedi is part of Jingwei Group, which is involved in property management, assets appraisal, real estate development and microfinance services.
JW Lottedi Mega Mall is a new Korean-themed shopping, entertainment, and leisure mall concept. The first Mega Mall, occupying 200,000 square metre, will be ready in August 2015 and have some 600 merchants.
Under the terms of the agreement, JW Lottedi Mega Mall's network will sit within YuuZoo's fully localized and mobile-optimized social e-commerce virtual shopping mall for China, www.yuuzoo.cn.
Through this tie-up, all the merchants of any JW Lottedi Mega Mall will be able to provide their products to the 700 million consumers reached by YuuZoo China's virtual shopping mall through YuuZoo's exclusive partnership with Great Sports Media Co Ltd, the fully owned sport, lifestyle and casual gaming division of Shanghai Media Group.