Backed by USD $100 million investment, Xiu.com, China’s biggest online luxury and fashion shopping portal, will launch JP Selects in China on June 28th
ROK Global PLC, the technologies, applications and services company, has announced its co-founders, John Paul DeJoria and Jonathan Kendrick along with Paolo Fidanza, the CEO of JP Selects, met with G. Jiwenhong, CEO and Founder of Xiu.com in Shenzen, China, on the 26th of May to cement the relationship between the companies and to confirm the JP Selects branded portal on Xiu.com, aimed at eco-conscious consumers, will launch on the 28th of June.
JP Selects is believed to be the world’s fastest-growing members-only online platform to promote the best eco-friendly and sustainable products, brands and companies through flash sales, an online marketplace and distribution partnerships.
Xiu.com, backed by $100 million investment from KPCB and Warburg Pincus, is China’s biggest online luxury and fashion shopping portal with a mission to ‘Bring the Best of the World to China’. Xiu.com has 1,300 employees and offices and warehouses in Shenzhen, Beijing, Shanghai and Hong Kong and has grown to a current total in excess of 2 million registered users generating 4 million online page views per day.
Internet penetration in China now reaches 28% of the population, with 187 million Chinese people shopping online in 2011. More than 360 million Chinese people are expected to become online shoppers by 2015.
Commenting, Jonathan Kendrick, Chairman of ROK Global said “JP Selects has amassed a unique and fast-growing portfolio of more than 3,000 of the best eco-friendly and sustainable brands and products which we market to the more ethical consumers in the United States with ever-increasing success. Our partnership with Xiu.com is a fantastic opportunity to develop JP Selects into the rapidly growing online consumer market right across China and we all look forward to the launch of the JP Selects portal later this month.”
ROK recently announced the acquisition of rival eco-conscious online portal LovingEco and product distribution agreements with leading ‘Daily Deal’ operators Groupon and Saveology.
In addition to JP Selects, ROK has pioneered the development of several highly innovative products and services including high quality Mobile TV which streams video over mass-market 2.5G GPRS as well as 3G and Wi-Fi, mobile-phone security and policing software which it licenses to law enforcement agencies, industrial technology products and cutting-edge multi-language text-to-speech technologies.
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