Headquartered in Beijing, Global Home Shopping (GHS) is a leading full-media retail platform in China. It is positioned as a global sales mall of home supplies, with TV shopping and e-commerce as main retail business. It also carries out wholesale trade, manufacturing, cultural media and other business relying on its subsidiaries. At present, GHS has maintained annual high growth, and become an advanced enterprise with the high market value, fast growth, and strong content innovation. GHS also has many cross-border cooperation and great brand image. GHS has passed the certification of ISO9001 quality management system and ISO27001 information security management system. It is a national high-tech enterprise and a member of China Home Shopping Alliance, and also a member of China Electronic Chamber of Commerce. The mission of GHS is creating an ideal life experience for customers. Through the nationwide channel, excellent mobile shopping APP, tens of millions of smart TVs, and exquisite shopping magazines, GHS strictly selects high-quality home supplies throughout the world for enormous customers and families, and provides high-standard services including free changing and refunding within 30 days. Because of GHS, the shopping and life style of every customer and family is changing - not only saving more time, but also having a better quality of life. The symbiosis of GHS is operation philosophy. GHS always hold open and integrated attitude, and keep exploring diversified cooperation with outstanding partners from different fields. With the symbiotic business ecosystem, GHS has established long-term strategic cooperation with thousands of excellent brands in the world, and creating opportunities for domestic SMEs. The vision of GHS is becoming a respected enterprise and a world-known media retail group. GHS advocates all employees, partners and enterprises to work together to promote the sustainable development of public welfare. Since 2013, GHS has launched the public welfare activity “Global Music Classroom” every year, which donates to 1-2 schools with weak music education infrastructure, making more children obtain happiness and freedom through music. Now, with the rise of China’s cultural media industry and the application of new technologies such as large data digging in the retail industry, GHS caters to consumption upgrades with the dual attributes of “media + shelf” to create a new model for media retailing. It not only imports high-quality brands with local characteristics in overseas markets, but also exports domestic brands. By doing that, it promotes China’s high-quality enterprises to go abroad and overseas high-quality enterprises to come in. It makes Chinese customers to enjoy global excellent products and oversea customers to enjoy Chinese original products. Shark is the spiritual totem of GHS. It has cartilage all over its body, thus it can quickly adapt itself to the environment. It changes 30,000 teeth in its lifetime, it is always best prepared for fighting. It does not have a swim bladder, so it would sink if it does not keep swimming. GHS advocates the shark spirit, which means the strong ability to adapt to the environment, the core competence from continuous learning, and the perpetual drive for action. In our journey to achieve our great vision, GHS would like to work with partners who have the shark spirit.
Dubai, 20 September 2017: One of China’s largest full-media retail platforms, Global Home Shopping Co, Ltd. (GHS) today announced it has signed a strategic agreement to acquire a 51 percent stake in Citruss TV FZ LLC (citrussTV), the Arab world’s first dedicated home shopping TV channel and the premier full-media retail destination in the Middle East and North Africa (MENA). The agreement was announced today during a press conference held at Sofitel the Palm Resort & Spa, Dubai, by Jason Kong - President of GHS, Walid Zein - Managing Partner of Valoris Capital, the financial investor behind citrussTV; and Nicolas Bruylants – co-founder of citrussTV. Jason Kong - President of GHS Walid Zein - Managing Partner of Valoris Capital Nicolas Bruylants – co-founder of citrussTV “citrussTV has been the pioneer of the TV home shopping industry in the Middle East and North Africa, offering the ultimate shopping experience in products and services to customers from the comfort of their home. The investment by GHS is the first Chinese investment in the TV home shopping sector in this region and reflects the enormous growth potential for the industry.” said Sammi Chen, the new CEO of citrussTV. Sammi Chen, the new CEO of citrussTV “The investment in citrussTV is in line with our international business expansion plan. The GHS and citrussTV families share the same corporate vision, values and business principles, giving prominence to high-quality and an extensive range of products and services to customers.” said Jason Kong, President of GHS. “We are thrilled to welcome GHS as a strategic partner in citrussTV. I feel that after 12 years of hard work building our company, now is the time for us to expand our capabilities by leveraging access to GHS’ know-how, technology and expertise. The whole company is excited at the new prospects that this partnership opens to us.” said Nicolas Bruylants, co-founder of citrussTV. “Since we started investing in citrussTV in 2014, we have been closely working with the management team to build the company into the premier full-media retail destination across the 16 countries in the MENA region. We are now looking forward to a new phase of growth together with GHS and are pleased to have concluded a strategic partnership with a company that shares our ambition, values and entrepreneurial spirt.” said Walid Zein, Managing Partner of Valoris Capital, the financial investor behind citrussTV. GHS is a member of China Home Shopping Alliance and China Electronic Chamber of Commerce and has established a unique business ecosystem that thrives on long-term strategic cooperation with thousands of outstanding global brands. Dubai-based citrussTV reaches over 300 million consumers across the MENA region and serves more than 400,000 customers. It is broadcast 24/7 via satellite (NileSat/ArabSat) and cable networks (du/Etisalat/OSN/Mobily/STC) and offers a safe and secure online shopping service, delivering to the UAE, Saudi Arabia, Oman, Bahrain, Kuwait and many other countries in the MENA region. - Ends - ABOUT GHS Headquartered in Beijing, Global Home Shopping (GHS) is one of the leading full-media retail platforms in China. While TV shopping and e-commerce are the core of the retail business, it also carries out wholesale trade, manufacturing, cultural media and other businesses through its various subsidiaries. Through its nationwide TV shopping channels, state-of-the-art online and mobile shopping platforms, GHS provides high-quality products that are carefully selected from all over the world and creates an ideal life experience for hundreds of millions of families in China. GHS has more than 1,300 employees and has achieved more than $320 million in sales in 2016. GHS is an affiliate of China Radio International, and is a member of China Home Shopping Alliance and of the China Electronic Chamber of Commerce. ABOUT citrussTV citrussTV was founded in 2005 and is the Arab world’s first dedicated home shopping TV channel and the premier full-media retail destination in the Middle East and North Africa (MENA). As the true home of omni-channel retailing, citrussTV offers a wide range of quality products including home & kitchen, beauty, fashion and jewelry. It serves more than 400,000 customers and reaches more than 300 million consumers across the MENA region. With a strong focus on technology, citrussTV has created multi-platform channels covering tvCommerce, eCommerce, mCommerce and social media in a commitment to offer seamless shopping across the region. Based in Dubai, UAE, citrussTV is broadcast 24/7 via satellite (NileSat/ArabSat) and other cable networks (du/Etisalat/OSN/Mobily /STC).
On September 15, 2017, Beijing, GHS and China Open jointly announced that GHS became the designated supplier of 2017 China Open. This is the first time that GHS cooperated with international super tennis competition, and GHS is the only TV shopping enterprise which became the supplier of China Open. GHS Became the Designated Supplier of China Open As the most watched mixed tennis tournament after US Open, China Open has been held for 13 sessions in Beijing since its establishment in 2004, and has become a sports brand event with global attention, commercial value, vitality of sustainable development and extension of imagination. In the 2015 and 2016 seasons, Chinese Open surpassed the traditional European and American competitions and the WTA year-end finals, won the WTA Global Broadcast Championship for two consecutive years. In terms of business sponsorship, China Open was named “The Best Commercial Event” of 2016 by the media, with nearly 50 sponsors and partners in 2017. At the signing ceremony, Song Ziyang, the deputy general manager of TV shopping business of GHS, and Zhang Junhui, the CEO of China Open Company, 2017 deputy secretary general of China Open Organizing Committee, director of the tournament, signed a formal cooperation agreement. Song Ziyang said at the ceremony, “It’s a great honor for GHS to become the designated supplier of the 2017 China Open, we hope that through this sponsorship, GHS can also make a contribution to making tennis become more popular in China, let more Chinese people especially young teenagers to participate in tennis. deputy general manager of GHS, Song Ziyang made a speech Zhang Junhui said that the cooperation with GHS means the brand value of China Open has gradually recognized by the society, and Chinese tennis industry is developing vigorously. China Open hopes to work with GHS to bring new experience of watching tournament and consumption for global tennis fans, and become a model of the cooperation between top sports events and excellent enterprises. the CEO of China Open Company, Zhang huijun , made a speech It is reported that GHS is committed to providing high quality global home appliances for customers, and GHS has rapidly grown to a leading enterprise of Chinese TV shopping industry in over 4 years. When asked why choose to cooperate with China Open, deputy general manager of GHS, Song Ziyang said, GHS is serving for people who love life and pay attention to the quality of life. This kind of people who have high-income and high educational level is the same kind of people covered by the China Open. Meanwhile, the sports spirit of never give up advocated by the China Open is fit with the non-stop spirit of GHS. It can be said that GHS and China Open is highly consistent in market, brand and culture, so the cooperation comes very naturally. deputy general manager of GHS, Song Ziyang (forth from left) and the CEO of China Open Company, Zhang huijun ( third from left) exchanged gifts Actually, GHS is arranging the overseas market, actively respond to the “The Belt and Road”. The deputy general manager of GHS, Song Ziyang said in an interview, “internationalization is one of the important strategies this year, therefore we hope to cooperate with major international events like China Open. It can be said that the cooperation with China Open is also an important symbol of the internationalization of the brand image of GHS.” The 2017 China Open will begin at the National Tennis Center on September 24 to October 8. This season the king is return, after won the 16th Grand Slam champion in US Open, Nadal will attend China Open by appointment. In addition, there are new super star Zverev who won two Masters champions this year, Bulgaria handsome Dimitrov, and Czech star Berdych and other players, the male lineup is very splendid. The female lineup, the top two player Kvitova and Sharapova have come back successfully, together with the world champion Muguraza, US Open champion Stephens, Williams, Halep, Karolina Pliskova and Wozniacki and other female stars, who will ultimately won the champion of China Open is also worth expecting. China Open has launched a variety of discount ticket measures this year, and all the tickets (except the final in the Diamond Stadium) are ten percent off. Buying ticket in the China Open official website www.chinaopen.com, you can get payment subsidies provided by the diamond sponsor CITIC Bank and platinum sponsor China Union-pay. Besides, you can also buy the ticket through the ticket agent Sports Window, Damai, China Entertainment Ticket, Yong Le Ticket and other official channels. At the same time, GHS has also prepared an exclusive welfare for the vast number of China Open fans. During the period from September 14 to September 28, you can participate in turntable sweepstakes of GHS, lucky participants will get the tickets of 2017 China Open, enjoy the wonderful tournaments of China Open.