LightInTheBox
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Native name | 兰亭集势 |
|---|---|
| Type of business | Public |
| Traded as | NYSE: LITB |
| Founded | 2007 |
| Headquarters | Singapore |
| Area served | Worldwide |
| Chairman | Jian He |
| Industry | Retail, online retailing |
| URL | www |
LightInTheBox Holding Co., Ltd. (simplified Chinese: 兰亭集势; traditional Chinese: 蘭亭集勢) is an online clothing sales company which specialises in cheap men's and women's clothes, and other goods that they describe as "lifestyle products". The company is headquartered in Singapore and has additional offices in California, Shanghai, and Beijing.[1]
History
[edit]LightInTheBox was founded in March 2007.[2][3][4] The company started with a registered capital of US$3 million.[5] It operated as Light In The Box Limited until March 2008, when it was restructured and incorporated as LightInTheBox Holding Co., Ltd., acting as the ultimate holding company.
On June 6, 2013, LightInTheBox opened for trading on the New York Stock Exchange (NYSE) under the ticker symbol "LITB".[6] According to the Chinese publication Business Review (Chinese: 商界评论), it became "China's first foreign trade e-commerce stock".[3] The IPO netted the company US$79 million, valuing it at $465 million on the first day of trading.[7] Almost three months later, a class action lawsuit was initiated in the United States District Court for the Southern District of New York, accusing the company of misrepresenting its financial prospects to boost its share prices, which subsequently declined amid weak revenue expectations.[8]
References
[edit]- ^ LightInTheBox investor relations website. Retrieved from https://ir.ador.com/investor-relations/corporate-profile
- ^ Lowry, Susan; Kempton, Mitchell; Hammond, John B. (2014-09-01). "Spotlight on LightInTheBox". The International Technology Management Review. 4 (3). Atlantis Press: 133–141. doi:10.2991/itmr.2014.4.3.2. ISSN 2213-7149.
- ^ a b Wang, Yuhang 王宇航 (2016-01-09). Guo, Yichen 郭一晨 (ed.). "兰亭集势前路微光：内部动乱 对手挤压" [Light Fades on LightInTheBox's Path Ahead: Internal Turmoil and Rival Pressure]. 商界评论 [Business Review] (in Chinese). ISSN 1008-1313. Archived from the original on 2025-11-08. Retrieved 2025-11-08 – via Sina Corporation.
- ^ Lowry, Susan; Kempton, Mitchell; Hammond, John B. (2014-09-01). "Spotlight on LightInTheBox". The International Technology Management Review. 4 (3). Atlantis Press: 133–141. doi:10.2991/itmr.2014.4.3.2. ISSN 2213-7149.
- ^ "LightInTheBox - Products, Competitors, Financials, Employees, Headquarters Locations". Cbinsights. Retrieved 2024-07-01.
- ^ "LightInTheBox went public on the New York Stock Exchange (NYSE)". LightInTheBox. Retrieved 2013-06-01.
- ^ Barris, Michael (2013-06-07). "LightInTheBox makes robust IPO". China Daily. Archived from the original on 2024-01-06. Retrieved 2025-11-08.
- ^ Barris, Michael (2013-08-29). "LightInTheBox: suit "without merit"". China Daily. Archived from the original on 2025-11-08. Retrieved 2025-11-08.