Yosen Group, Inc. announced the formation of a new subsidiary named Hanzhou Yosen Lamapai E-Commerce Co. Ltd. (Hangzhou Yosen Lamapai). Hangzhou Yosen Lamapai's objective is to evolve into a primarily Internet operating business.

Its online trading platform will not only manage digital membership, but also through an independently developed Android trading system allow small retailers' marketing and distribution on both WEB and APP, as well as wei-shop (an online store operating on mobile devices driven by the most popular messaging app in China "wechat"). On the one hand, Hangzhou Yosen Lamapai aims to become the overseas sourcing supplier for large domestic e-commerce platforms. On the other hand, in the retail front, Hangzhou Yosen Lamapai will cooperate with Zhejiang Yosen Lamapai and its cross-border O2O experience stores, bringing customers the unique experience that bring online and offline cross-border shopping activities together.