Tencent, Jingdong And Vip.Com Reach Three Strategic Cooperation Agreements

According to the world clothing shoes and hats net, December 18th,

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Today, jointly announced that the three parties reached a final agreement, Tencent and Jingdong will make a total investment of about $863 million in cash in the form of cash at the time of delivery.

The subscription price is about 55% higher than the closing price of ADS on the last trading day as of December 15, 2017.

Subsequently, vip.com CEO Shenya released its internal letter, and reached a strategic cooperation agreement with Tencent and Jingdong.

Vip.com has reached a strategic partnership with Tencent and Jingdong, and three companies will exchange resources.

In the future, through the perfect ecological relationship of Tencent, vip.com will provide traffic and content support for vip.com. At the same time, vip.com will also help enhance Tencent's ability to cash in.

The two sides will include Tencent's WeChat wallet entry for vip.com, and strategic cooperation with vip.com on the WeChat platform and in more extensive fields.

Jingdong will provide entries for vip.com's front page of Jingdong App and WeChat's home page of Jingdong's friends circle.

Shen said that this time we introduced strategic partners to build a win-win environment for cooperation. The future is ecological. Only open cooperation can win a win-win situation.

We will continue to operate as an independent e-commerce platform.

The following is the full text of the internal letter:

Vip.com reached a strategic cooperation agreement with Tencent and Jingdong

Dear colleagues, vip.com:

I am pleased to announce to you that last night we signed a joint investment agreement with Tencent and Jingdong.

Vip.com will issue 10% of the shares in accordance with the price of US $13.08 per ADS, of which Tencent will hold 7% and Jingdong will hold 3%.

Tencent and Jingdong will spend about $863 million on strategic investment in vip.com in cash at the time of delivery.

The signing of the joint investment agreement means that vip.com has reached a strategic partnership with Tencent and Jingdong.

The three companies will exchange resources for common development.

In the future, through the perfect ecological relationship of Tencent, vip.com will provide traffic and content support for vip.com. At the same time, vip.com will also help enhance Tencent's ability to cash in.

The two sides will include Tencent's WeChat wallet entry for vip.com, and strategic cooperation with vip.com on the WeChat platform and in more extensive fields.

At the same time, we and the Jingdong have a good category of complementary capabilities, Jingdong will be vip.com in the Jingdong App home page and WeChat friend circle on the entrance to the front page of the gateway, the two sides to carry out the flow of cooperation, we will also in the future with the brand alliance and traffic alliance and other aspects of the search for co - win cooperation.

This time, we have introduced strategic partners to build a win-win environment for cooperation. The future is ecological. Only open cooperation can win a win-win situation.

We will continue to operate as an independent e-commerce platform, and continue to deepen and strengthen our leading business operators and highly active female users in fashion wearable, cosmetic, maternal and infant, body and user categories, home appliances and other categories, which will continue to bring higher value and better user experience to vip.com members.

Vip.com has just passed its 9 birthday.

The strong support from suppliers and the perseverance and unremitting efforts of every single product people! This time we have reached a strategic partnership with Tencent and Jingdong. For vip.com, we have stood on a higher stage and have broader development space. We must not forget our original intention and stick to the mission of "inheriting quality life and enhancing happiness experience". In order to realize the vision of "the global first-class e-commerce platform", we should continue to work hard and become a company with a sense of social responsibility, a company that creates value for users, a company proud of employees, a respected company, in order to achieve these goals, we need to redouble our efforts, not slack off, and let vip.com go to a higher level. Over the past 9 years, all the ups and downs, we vip.com today, can have today's results, hard won, all rely on the members of vip.com's favor.

Don't forget your heart and temper yourself.

I believe vip.com's tomorrow will be better.

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