YIWU, China, April 29, 2014 /PRNewswire/ -- Yosen Group, Inc. (stock symbol: YOSN) ("Yosen", or "the Company") today announced that Yosen has signed a strategic partnership agreement (the "Agreement") with Brand Big Data ("Brand Big Data") for a five-year (the "Term") cooperation. During the Term, Yosen will be Brand Big Data's exclusive partner and representative in the United States, and provide off-line customer support for Brand Big Data in the U.S. Also under the Agreement, Brand Big Data will provide comprehensive technical support to assist Yosen in big data mining applications and online sales channel development.
Leveraging its cooperation with Web Sciences Center at University of Electronic Science and Technology of China, Brand Big Data owns China's leading big data mining and analytical technology. It has the capacity to mine voluminous data from multiple unrestricted channels to achieve accurate customer profiling and develop new generation sales and marketing systems. Brand Big Data provides consulting services, builds and operates on-line sales and marketing platforms for multiple well-known brands. Its customers include L'Oreal, Zenith, Lenovo's subsidiary Joyvio, China Mobile, China Unicom, China Minsheng Bank, among others.
Yosen's CEO Mr. Zhenggang Wang commented, "We are very pleased to be able to enter an exclusive strategic partnership with Brand Big Data. As big data backed marketing is changing our traditional models, the future of commerce and the trend of next generation Internet will have to be driven by sound big data technology. Brand Big Data brings us proven, cutting edge technology and enables us to build an advanced U.S. e-commerce platform in support of our cooperation with China Commodity City. In the meanwhile, Yosen will enjoy the opportunity to serve Brand Big Data's many China based clients for their needs in the U.S."
Mr. Wang added, "Since the announcement of our cooperation with Yiwu China Commodity City in cross border trade and e-commerce only a few days ago, we have received many inquiries from a number of cities with a similar interest in cooperation. Although our traditional strength has been in 3C products (Computers, Communication products and Consumer electronics), we anticipate a breakthrough this year in cross border sale of building materials and small commodities. With the government endorsement from Yiwu and other cities, as well as the technical support of an industry leader Brand Big Data, we plan to expand our product portfolios and continue to evolve Yosen into a growing cross border O2O platform."
About Brand Big Data
Brand Big Data, originally founded and headquartered in Chengdu, Sichuan Province, has offices in Beijing, Shanghai and Hangzhou, China. Through cooperation with the Web Sciences Center at University of Electronic Science and Technology of China, Brand Big Data owns China's leading big data mining and analytical technology. It provides consulting and marketing services for many well-known brands.
For more information, visit http://www.brandbigdata.com
About Yosen Group, Inc.
Yosen Group, Inc. ("Yosen Group", or "Yosen") was founded in Yiwu City, Zhejiang Province, in 1997. Yosen is a leading retailer of 3C merchandise (Computers, Communication products and Consumer electronics) in Eastern China. The Company partners with China's three dominant telecommunication operators including China Telecom, China Mobile, and China Unicom, and operates 3C specialty stores within mass merchandisers at prime locations. Yosen distributes the best-selling products of Apple, Samsung, among others. Yosen Group, though its corporate headquarters in China and its wholly-owned U.S. subsidiary, is committed to building cross-border sales channels for bringing the world's best consumer products to China and, simultaneously, introducing China's most competitive products to the overseas markets. Yosen Group is China Commodity City Group's exclusive partner in the Greater New York area. The Company operates under the "Yosen" and "Yong Xin" brand names.
For more information, visit http://www.yosn.com/.
Safe Harbor Statement
Certain statements in this press release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the Company's future performance. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the periodic reports that are filed with the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
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