ShangPin.com, launched in July 2010, is - the largest luxury and fast-fashion online shopping platform in China - the 1st fashion retailer selling authorized in-season designer collections of partner brands' in China - the definite leader in the Chinese online marketplace with the highest average online transaction price of RMB 3,000 ($300). Our proven expertise and track record in China has enabled us to grow at astounding rates to take the leading position of online fast-fashion sales in the world's most exciting marketplace for luxury & fashion goods. We have strong growth rates in China's 2nd and 3rd tier cities where many luxury and fast-fashion brands have yet to open stores. With over RMB 200 million sales turnover in 2011, ShangPin.com is setting the benchmarks in China. We have strategic alliances with brand partners by understanding their China strategy and offering a wide range of business synergies. And we are committed to developing successful long-term relationships with our partners by helping them building brand awareness to our valued, vetted high-end customers and focusing our expertise on digital marketing as one of the most effective way to build a brand in China. We are headquartered in Beijing with regional management teams in Hong Kong and Europe. Our International Buying Team is based in Hong Kong and our logistics, warehouse and distribution centers are located in Beijing, Shanghai, Shenzhen and Hong Kong.
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