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JMU Provides Supplier Update for August and September

2017-09-28 20:00
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SHANGHAI, Sept. 28, 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 provided updates on suppliers added onto its online marketplace for the month of August and September.

JMU has added eleven suppliers in both the packaged foods and kitchen appliance categories onto its direct sales platform. Five suppliers providing rice, flour and cooking oil were included in JMU's product offering. For seasonings and fresh fruits and vegetables, JMU selected two suppliers in each category. Additionally, JMU partnered with a beverage and alcohol distributor and a logistics service provider in August.

Ms. Xiaoxia Zhu, JMU's Co-Chairperson and CEO, commented, "We are pleased to update our investors on our ongoing efforts to reach out to and build up relationships with valuable and prestigious source suppliers. We actively evaluate and seek qualified suppliers to join our online marketplace in order to provide our customers with premium foods, ingredients and equipment at the best price. JMU will continue to expand its source suppliers based on the combined advantages of our increasingly strengthened brand, Free Trade Zone benefits and our industry-leading international partners."

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

View original content:http://www.prnewswire.com/news-releases/jmu-provides-supplier-update-for-august-and-september-300527432.html

Source: JMU Ltd

Related stocks: NASDAQ-NMS:JMU

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