DGAP-News: ROK Global PLC / Key word(s): Miscellaneous
ROK Global PLC : ROK Global Partners With Xiu.com To Launch JP Selects
24.04.2012 / 09:00
ROK Global Partners With Xiu.com To Launch JP Selects in China
Backed by USD $100 million, Xiu.com is China´s biggest online luxury and
fashion shopping portal
Ticker Symbol: RKG
24th April 2012
ROK Global PLC, the mobile and web technologies, applications and services
company, has announced a partnership with leading online luxury and fashion
retailer, Xiu.com, to launch JP Selects, ROK´s online retail company aimed
at eco-conscious consumers, in China.
Xiu.com, backed by $100 million investment from KPCB and Warburg Pintus, 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.
Jonathan Kendrick, Chairman of ROK Global said ´JP Selects has amassed a
unique and fast-growing portfolio of the best eco-friendly and sustainable
brands and products into one portal which we market to the ethical consumer
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.´
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.
Xiu.com itself has grown to a current total in excess of 2 million
registered users generating 4 million online page views per day.
ROK Global, listed on the Open Market of the Frankfurt Stock Exchange, was
co-founded by US Billionaire John Paul DeJoria, the co-founder of Paul
Mitchell hair care systems and Patron Tequila, the world´s biggest premium
tequila brand, and UK serial technology entrepreneur, Jonathan Kendrick.
In addition to JP Selects, ROK has pioneered the development of several
innovative mobile and web technologies 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.
For more information, please visit:
Safe Harbor Statement: The statements contained herein which are not
historical are forward- looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from
those expressed in the forward- looking statements, including, but not
limited to, certain delays beyond the company´s control with respect to
market acceptance of new technologies or products, delays in testing and
evaluation of products, and other risks detailed from time to time.
End of Corporate News
24.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de