Orchid Pavilion to announce the completion of cash acquisition of the United States Ador

On the evening of January 6, foreign Trade's lightinthebox announced today that it has completed a takeover of Ador, the US social-networking company. The asset acquisition was done in cash and the transaction amount was not disclosed.

It is reported that Ador company headquarters is located in Seattle. Upon completion of the acquisition, Ador's management team and staff will join the Orchid Pavilion and set up the first office in the United States.

According to insiders, Ador's chief executive Mark Stabingas will become president of the Orchid Pavilion, Quinten Shay will become a senior vice president of the Orchid Pavilion. Wencen and Zhang Liang, co-founder and co-founder of Orchid Pavilion, will be executive vice president and their duties will remain unchanged.

Guo, chairman and chief executive of Orchid Pavilion, said to the billion power network, through the acquisition of Ador, we are honored to introduce the management team such as Mark and Quinten. The new faces of the Orchid Pavilion management team underscore our goal and determination to build our flagship global power company. Mark and Quinten will bring excellent global leadership and a range of professional backgrounds that are critical to the company's long-term development.

In addition, Guo pointed out that the opening of the United States Office also let LAN Pavilion can be closer to customers, and have the opportunity to attract more top talent. "We very much welcome Ador's excellent staff to join the Orchid Pavilion, hope to take this opportunity to strengthen the company's talent reserves, and expand our global E-commerce map." ”

In this respect, Mark stabingas a vision of the future, and become a member of the Orchid Pavilion family is excited.

According to the Billion power network, Mark Stabingas has served as Chief operating officer, CEO and board member in Ador since 2011. Before joining Ador, he worked for Amazon, a general manager at Amazon, a senior vice president for business and business development at Amazon and a vice president of finance for Amazon's US retail business, and was a member of the Amazon Board of Management.

Quinten Shay joined Ador in December 2011 as chief technology officer and became a joint chief executive in 2013. Prior to joining Ador, he had been working for Amazon for seven years since 1998, and his job was to lead Amazon's entire international technology team to expand its business to Europe and Asia, to run Amazon's retail business in Japan, to set up a-to-z companies, The Amazon's wholly owned subsidiary has deployed a new Amazon network service to the global Remote Research and development center.

Data show that the Orchid Pavilion set was founded in 2007, its 98% income from overseas users, the main market in Europe and North America. On its own www.lightinthebox.com and other sites, the provision of a number of categories, a total of hundreds of thousands of independent products. The company's core categories include clothing, home and all kinds of accessories. The company was listed on the New York Stock Exchange (NYSE) on June 6, 2013.