NEW YORK, NY – September 18, 2018 – iFresh, Inc. (“iFresh” or “the Company”) (NASDAQ: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that the Company hosted a business reception for JD.com executive Clark Meng, Director of Project Development, FMCG & Foods BG, at iFresh’s headquarters on September 18, 2018.
Mr. Meng visited iFresh’s headquarters in Long Island City and two branch locations in Manhattan on September 18, 2018 personally accompanied by Mr. Long Deng, Chairman and CEO of iFresh, reciprocating Mr. Deng’s visit to the Beijing headquarters of JD.com earlier this year. Mr. Meng expressed great interest in iFresh’s business and discussed the possibility of further cooperation as well as the details of implementation between JD.com and iFresh with Mr. Deng. Mr. Meng also examined the newly renovated iFresh store in Glen Cove, Long Island, which exhibits iFresh’s innovations in decoration, equipment, and overall planning in supermarket design.
Mr. Deng, Chairman and CEO of iFresh, commented, “We are pleased to be in communication with JD.com, a great pioneer in ecommerce. As iFresh evolves in response to the ever-changing challenges of the retail sector, strategic cooperation and communication with other firms is a prerequisite to ensuring our operations work at peak efficiency and our strategic direction is sound.”
About iFresh, Inc.
iFresh Inc. (NASDAQ: IFMK), headquartered in Long Island City, New York, is a leading Asian American grocery supermarket chain and online grocer. With nine retail supermarkets along the US eastern seaboard (with additional stores in Glen Cove, Miami and Connecticut opening soon), and two in-house wholesale businesses strategically located in cities with a highly concentrated Asian population, iFresh aims to satisfy the increasing demands of Asian Americans (whose purchasing power has been growing rapidly) for fresh and culturally unique produce, seafood and other groceries that are not found in mainstream supermarkets. With an in-house proprietary delivery network, online sales channel and strong relations with farms that produce Chinese specialty vegetables and fruits, iFresh is able to offer fresh, high-quality specialty produce at competitive prices to a growing base of customers. For more information, please visit: http://www.ifreshmarket.com/.
JD.com is China’s leading technology-driven e-commerce company. Its cutting-edge retail infrastructure enables consumers to buy whatever they want, whenever and wherever they want it. The company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries. JD.com is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company. For more information, please visit: http://ir.jd.com.
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