Communication Jun 03, 2021 05:37 PM (GMT+8) · EqualOcean
Xinhua Jin announced that the company plans to acquire 50% equity of Shanghai Lizhi Industrial Co., Ltd. for RMB 252 million. After the acquisition, Shanghai Lizhi became the holding subsidiary of the company. Shanghai Lizhi is positioned as an integrated e-commerce service provider of global high-quality consumer brands and one of the earliest e-commerce enterprises in China to carry out cross-border import.