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Stock Market & Financial Investment News

News Breaks
August 8, 2014
10:29 EDTJMEIJumei coverage initiated at ITG Research
ITG Research initiated coverage on Jumei and said contrary to negative press reports, tracking results for return rates have been generally stable rather than deteriorating as people may expect.
News For JMEI From The Last 14 Days
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July 22, 2015
06:24 EDTJMEIJumei announces strategic investment in BabyTree
Jumei announced that it has agreed to provide BabyTree with a convertible loan and a revolving credit facility of up to $250M. The principal of the convertible loan portion of the transaction could reach as high as $120M depending on the working capital needs of BabyTree and certain operating performance criteria being met. The loan will be convertible into a minority interest in BabyTree based on a pre-agreed formula. The revolving credit facility will be $130M, and drawdown by BabyTree will also depend on the working capital needs of BabyTree and certain operating performance criteria being met.

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