Ve enters cooperation agreement with Chinese eCommerce giant - Shopex Friday 5 December 2014 PDF Print it is critical for us to work with leading technology vendors like Ve and I anticipate this being a very successful venture Ve is delighted to announce that a cooperation agreement has been signed with the market leading Chinese eCommerce company, Shopex, enabling the VePlatform to now be delivered to the 1.5 million websites on the Shopex eCommerce platform. This collaboration will ensure increased website performance and transactional conversions for Shopex’s portfolio of online merchants, and expedites Ve’s continued expansion in the territory. Representatives from VeChina’s Shanghai and Hong Kong offices held a landmark meeting at the Shopex offices in Shanghai. Ve’s global Co Founder & CEO, David J Brown and the Shopex CEO, Li Zong Wei, were also present to sign the agreement. Said David J Brown. “Shopex have 12 years of experience in delivering powerful eCommerce solutions across China. Since Alibaba’s investment in 2008, Shopex’s technological evolution has been impressive and highly successful too, evident in the fact that they now serve such an extraordinary number of merchants. Delivering the VePlatform will significantly lift the performance capabilities of these websites. We are therefore delighted to be working together.” Shopex is majority owned by Alibaba and additionally has Lenovo and Bertlesman as shareholders. Founded in 2002, the multi award-winning company has grown to dominate the eCommerce space along with Alibaba and Jingdong. Said CEO Li Zong Wei: “Shopex alone now makes up a staggering 2.6% of China’s GDP and processes around 4 Million transactions per day with revenues of over $40M USD per day. On single’s day alone (11.11.14) our eCommerce platform handled over $100m USD in transactions. Therefore it is critical for us to work with leading technology vendors like Ve and I anticipate this being a very successful venture.” The deal will involve the marketing, implementation and account management of the VePlatform and its Apps, and both companies’ product development divisions will start working together to develop new customised features specifically for the Chinese market. This press release was distributed by ResponseSource Press Release Wire on behalf of Ve Interactive in the following categories: Business & Finance, Media & Marketing, Retail & Fashion, for more information visit http://pressreleasewire.responsesource.com/about.