MissionIR's  Instablog

Send Message
We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices. It is our unwavering commitment to connect the investment community with companies that have great potential and a strong dedication to... More
My company:
My blog:
MissionIR Blog
  • EFuture Information Technology, Inc. (EFUT) To Supply New Hua Du With Software Licensing Products And Services 0 comments
    Mar 21, 2013 6:02 PM | about stocks: EFUT

    eFuture Information Technology, a prominent supplier of software and services in China's swelling retail and consumer goods industries, announced today that it has entered into a contractual software licensing and implementation service agreement with New Hua Du Supercenter Co., Ltd. (SHE:002264). New Hua Du is one of the largest companies primarily engaged in hypermarkets, supermarkets, and department chain stores in Fujian Province.

    New Hua Du's operations are principally located in the southeast part of China, around Fujian province, including more than 123 stores, consisting of 114 supermarkets, 8 department stores, and 1 integrated mega store. Business coverage also reaches other population dense regions, including Shanghai, Jiangsu, Zhejiang, and Guangdong. The company listed on the Shenzhen Stock Exchange in 2008, and recorded sales of RMB 6.6 billion in the 2012 fiscal year.

    New Hua Du signed with eFuture to provide support for its IT infrastructure, which needs the assistance following the swift expansion of its operations. eFuture will be supplying its Point of Sale and Enterprise Resource Planning R2011, as well as a suite of other supporting systems, including their smart card and reporting systems, to all New Hua Du's stores starting March 2013. The project is expected to be completed by the end of 2013. eFuture's software products and service delivery team will help New Hua Du to optimize its operational systems for efficiency. Some key areas for improvement include New Hua Du's merchandise management process and billing system.

    Mr. Adam Yan, Chairman and Chief Executive Officer of eFuture, said, "New Hua Du has been looking for an IT services partner that can help them enhance operational efficiencies through better use of technology and systems, and we are very pleased to welcome them as our new client. We are fully committed to supporting its current business and its future expansion in more tier two and three cities in China. We remain committed to our vision to grow with our clients, as we meet the needs of the consumer market and gain market shares nationwide."

    For further information, please visit www.e-future.com.cn

    Sign up for "The Mission Report" at www.MissionIR.com

    Stocks: EFUT
Back To MissionIR's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.