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2016 Press Releases

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12/20/16JM Wowo Announces Results of 2016 Annual General Meeting
SHANGHAI, China, Dec. 20, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced the results of its 2016 Annual General Meeting (“AGM”) which was held on December 15, 2016 in Shanghai, where it adopted the following resolutions, effective immediately: The change of company name to “JMU Limited”; The reele... 
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12/06/16JM Wowo Limited Awarded as A Leading E-commerce Enterprise of Shanghai
SHANGHAI, China, Dec. 06, 2016 (GLOBE NEWSWIRE) -- JM Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that the Shanghai Zhongmin Supply Chain Management Co., Ltd., JM Wowo’s consolidated affiliated entity in China, was granted the “Leading E-commerce Enterprise of Shanghai Award” by the Shanghai Municipal Commission of Commerce. ... 
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11/22/16Wowo Limited Reports Third Quarter 2016 Unaudited Financial Results
SHANGHAI, China, Nov. 22, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced its unaudited financial results for the third quarter of 2016 ended September 30, 2016. Disclaimer: When preparing the unaudited condensed consolidated financial statements for the three months and nine months ended September 30, 20... 
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11/17/16JM Wowo Limited to Report Third Quarter 2016 Unaudited Financial Results on November 22, 2016
SHANGHAI, China, Nov. 17, 2016 (GLOBE NEWSWIRE) -- JM Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced it plans to release its unaudited third quarter 2016 financial results on Tuesday, November 22, 2016, before the U.S. market open. The Company will hold a conference call at 8:00 am ET (9:00 pm Beijing/Hong Kong time) on November... 
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11/11/16Wowo Limited to Hold Annual General Meeting on December 15, 2016
SHANGHAI, China, Nov. 11, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (NASDAQ:JMU) (“JM Wowo” or the “Company”), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that it will hold its annual general meeting of shareholders at North Guoquan Road 1688 Long, No. 75, Building A8, 6F, Yangpu District, Shanghai, People’s Republic of China, 2016 on December 15, 2016 at 10:00 a.m. (local time). The ... 
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09/06/16JM Wowo Announces Partnership with Shanghai Chunmin Internet Financial Information Service Co., Ltd. to Establish Supply Chain Finance Service Platform
BEIJING, Sept. 06, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that the Company entered into a strategic cooperation agreement with Shanghai Chunmin Internet Financial Information Service Co., Ltd. (“Chunmin”) on September 3rd, 2016. With China’s large catering and foodservice B2B market and JM Wowo’s fast-growing... 
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08/31/16JM Wowo Announces Supply Chain Finance Company
--New Company to Contribute to Company’s Profit-- BEIJING, Aug. 31, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that the Company is planning a supply chain finance company (“the finance company”) and has already recruited a team of talent to develop the business and begin trial operations. The supply chain finance ... 
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08/25/16Xiao Nan Guo Adopted Resolution to Acquire a 9.82% Stake in Wowo Limited
BEIJING, Aug. 25, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that at an extraordinary general meeting (the “EGM”) of Xiao Nan Guo Restaurants Holdings Limited held on 24 August 2016, the acquisition of 9.82% stake in Wowo Limited for a total consideration of HK$368,396,837 (approximately US$47.5 million) was duly pa... 
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08/25/16JM Wowo Clarifies Its Business Does Not Involve P2P Lending
BEIJING, Aug. 25, 2016 (GLOBE NEWSWIRE) -- On August 24, 2016, China Banking Regulatory Commission, Ministry of Industry and Information Technology of China, Ministry of Public Security, National internet Information Office issued a series of Measures to further strengthen the management of P2P financing and P2P internet lending platforms. Regarding this issue, JM Wowo announced that the Company’s business scale does not include P2P financing and P2P internet lending service. JM Wowo’s focu... 
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08/25/16JM Wowo Prepares to Build Supply Chain Financing Company
BEIJING, Aug. 25, 2016 (GLOBE NEWSWIRE) -- JM Wowo is to establish a supply chain finance company to provide financing service for its JMU B2B online market platform. The new supply chain finance company will partner with banks and funds to provide buyers and sellers platform credit, secured loans and other financing services. In the meantime, the new supply chain finance company will help improve JMU’s online market platform transaction services and user experiences. The Company believes t... 
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08/25/16JM Wowo Announces Management Changes
BEIJING, Aug. 25, 2016 (GLOBE NEWSWIRE) -- JM Wowo announced on August 22 that the founder of Yihaodian, Dr. Gang Yu, was appointed as an independent director of the Company. To further improve operating efficiency of the Company’s online marketplace and R&D capabilities, JMU officially confirmed that the Company will introduce a team of senior operational and R&D talent with backgrounds in international e-commerce and experience to drive the development of the Company’s platform. J... 
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08/22/16Wowo Limited Reports Second Quarter 2016 Unaudited Financial Results
BEIJING, Aug. 22, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced its unaudited financial results for the second quarter of 2016 ended June 30, 2016. Second Quarter 2016 Highlights Revenues in the second quarter of 2016 were $56.1 million, an increase of 26.8% from $44.3 million in the first quarter of... 
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08/22/16JM Wowo Announces Appointment of New Independent Director
BEIJING, Aug. 22, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that the Company has appointed Dr. Gang Yu as an independent director, effective immediately. Dr. Gang Yu is the co-founder and Executive Chairman of New Peak Group (111.com.cn). Prior to founding New Peak Group, he was the co-founder and C... 
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08/17/16Wowo Limited to Report Second Quarter 2016 Unaudited Financial Results on August 22, 2016
BEIJING, Aug. 17, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced it plans to release its unaudited second quarter 2016 financial results on Monday, August 22, 2016, before the U.S. market open. The Company will hold a conference call at 8:00 am ET (8:00 pm Beijing/Hong Kong time) on August 22, 2016 to di... 
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07/15/16JM Wowo Receives Regional Headquarters Certificate for Trading Companies from Shanghai Government
BEIJING, July 15, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that the Shanghai Zhongmin Supply Chain Management Co., Ltd., JM Wowo’s consolidated affiliated entity in China, is among the first group of 94 Shanghai-based trading companies that received the ‘Regional Headquarters Certificate’ from the Sha... 
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07/07/16Wowo Limited Announces Change of Auditor
BEIJING, July 07, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced the appointment of Ernst & Young Hua Ming LLP (“Ernst & Young”) as the Company’s new independent registered public accounting firm. Ernst & Young replaced Deloitte Touche Tohmatsu Certified Public Accountants LLP (“Deloitte”) as the Company’... 
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07/06/16JM Wowo Completes Relocation of Corporate Headquarters to Bay Valley, Shanghai
BEIJING, July 06, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that the Company has relocated its corporate headquarters from WH Ming Hotel Shanghai, to Bay Valley, Shanghai. Mr. Weilei Sun, Director of Public Relation Center of the Company, commented, “We are very pleased to announce the relocation of... 
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06/28/16JM Wowo Limited Reports First Quarter 2016 Unaudited Financial Results
BEIJING, June 28, 2016 (GLOBE NEWSWIRE) -- JM Wowo Limited (the “Company” or “JM Wowo”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced its unaudited financial results for the first quarter of 2016 ended March 31, 2016. First Quarter 2016 Financial Highlights B2B online platform recorded gross billing of RMB1647.5 million (US$255.5 million) in the first quarter of 2... 
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06/13/16Xiao Nan Guo Agrees to Acquire a 9.82% Stake in Wowo Limited
BEIJING, June 13, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company”) (NASDAQ:JMU), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that Moonlight Vista Limited (“Moonlight Vista”), a wholly-owned subsidiary of Xiao Nan Guo Restaurants Holdings Limited (“Xiao Nan Guo”), one of the largest, mid-to-high-end, full-service Chinese restaurant chains in China whose ordinary shares are listed... 
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06/08/16Wowo Limited Announces New Trading Symbol
BEIJING, June 08, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company”) (NASDAQ:WOWO), a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that, effective June 9, 2016, the Company will commence trading on the NASDAQ Global Market under the new trading symbol “JMU” (NASDAQ:JMU), representing the brand of the Company’s trading platform, JMU Mall (www.ccjoin.com), and reflecting the Company's ... 
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06/03/16JM WOWO Announces Strategic Partnership with Beijing Easy Printing Co., Ltd.
BEIJING, June 03, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM WOWO”) (Nasdaq:WOWO), China’s leading B2B online e-commerce platform that provides integrated supply chain management services in the catering industry, today announced that in May 2016, it had entered into a strategic cooperation agreement with Beijing Easy Printing Co., Ltd. (“Easy Print”), the largest online printing platform in China. Per the agreement, Easy Print will be the exclusive provider of online printing... 
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06/03/16JM WOWO Announces Strategic Cooperation with Numerous Direct Suppliers in Food Catering Industry
BEIJING, June 03, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM WOWO”) (Nasdaq:WOWO), China’s leading B2B online e-commerce platform that provides integrated supply chain management services in the catering industry, today announced that as of May 2016, the Company had signed or renewed strategic cooperation agreements with numerous direct suppliers in the catering industry, including leading brands such as Yihai Kerry, Chia Tai Food, Kinghey, Lee Kum Kee, Tenwoo Food, Wens Group... 
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05/13/16Wowo Limited Announces Partnership with Yihai Kerry
BEIJING, May 13, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM WOWO”) (NASDAQ:WOWO), China’s leading B2B online e-commerce platform that provides integrated supply chain management services in the catering industry, today announced that on May 9, the Company entered into a strategic cooperation agreement with Yihai Kerry Investment Co, Ltd (“Yihai Kerry”), an investment holding company engaged in sales and marketing of consumer packaged products, processed products, condiments, b... 
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04/29/16Wowo Limited Filed Its Annual Report on Form 20-F
BEIJING, April 29, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM WOWO”) (NASDAQ:WOWO), China’s leading B2B online e-commerce platform that provides integrated supply chain management services in the catering industry, today announced that it has filed its annual report containing its audited consolidated financial statements on Form 20-F for the fiscal year ended December 31, 2015 with the Securities and Exchange Commission. An electronic copy of the annual report on Form 20-F ca... 
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02/29/16Wowo Limited Reports Second Quarter 2015 Unaudited Financial Results
BEIJING, Feb. 29, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM WOWO”) (NASDAQ:WOWO), China’s leading B2B online e-commerce platform that provides integrated supply chain management services in the catering industry, today announced its unaudited financial results for the quarter ended June 30, 2015. Mr. Maodong Xu (“Mr. Xu”), Co-Chairperson of the Company, commented, “We continued to build the foundations for future growth during the second quarter, highlighted by our acquisi... 
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01/12/16Wowo Limited Announces Receipt of Delinquency Notice From NASDAQ
BEIJING, Jan. 12, 2016 (GLOBE NEWSWIRE) -- Wowo Limited (the “Company” or “JM WOWO”) (NASDAQ:WOWO), a leading online e-commerce platform that provides supply chain services in the catering industry in China, announced that it received a notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on January 6, 2016 indicating that the Company is not currently in compliance with Nasdaq’s Listing Rules (“Listing Rules”) for continued lis... 
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