The current situation of Chen Ou and Jumei Youpin

Chen Ou started another entrepreneurial journey and devoted himself to the emerging field of enjoying power banks. After Jumei Youpin was delisted, it announced the completion of privatization and became a private company owned by a buyer group. holding company.

Chen Ou, born on February 4, 1983 in Deyang, Sichuan, is a Chinese entrepreneur, chairman and founder of Jumei Group. At the age of 16, he studied in Singapore at Nanyang Technological University. During his university years, he successfully founded the online game platform GG-Game. He received an MBA degree from Stanford University in the United States at the age of 26. He returned to China to start a business in 2009 and quickly became an entrepreneurial role model for China's post-80s youth.

Jumei Youpin is a cosmetics limited-time sale mall, formerly known as Tuanmei.com, which was founded in March 2010 by Chen Ou, Dai Yusen and others. Jumei Youpin pioneered the "cosmetics group purchase" model. Now Jumei Youpin has grown into a diversified fashion technology group, and its business scope has gradually expanded. On April 15, 2020, Jumei Youpin announced the completion of privatization, officially starting from Delisted from the New York Stock Exchange.

Corporate plan:

Jumei Youpin will carry out important business transformation after its listing, cut off the luxury goods business on the third-party platform, and transfer all the beauty business to the third-party platform. Self-operated for warehousing. Chen Ou believes that although this move comes at the expense of short-term performance, it can effectively strengthen the control of supply chain quality and focus on future development.

As one of the earliest domestic e-commerce companies to develop cross-border business, Jumei has built a warehouse in the Zhengzhou Free Trade Zone and launched a speedy duty-free store since September 2014. Data provided by Jumei shows that within half a year, Jisu Duty Free Shop has achieved an order volume from 1,000 pieces per day to 100,000 pieces per day, with a month-on-month growth of more than 300% for five consecutive months. Among them, the single-day order volume for Jumei 301’s fifth anniversary store exceeded 1 million.

On May 22, 2015, Jumei Youpin released its unaudited financial report for the first quarter as of March 31, 2015. Both net revenue and net profit maintained high growth, which means that Jumei Youpin Midea has transformed from vertical beauty e-commerce to cross-border e-commerce, and its performance growth has returned to the fast lane, reaching the fastest growth rate in history.

Reference for the above content: Baidu Encyclopedia-Jumei Youpin