China Xingbang Industry Group Inc Stock

China Xingbang Industry Group Inc. is an operator of a business to business to customer (B2B2C) e-commerce platform in the home furnishing industry. The Company, through its subsidiaries Xingbang BVI and Xingbang HK, owns the wholly foreign-owned enterprise (WFOE), which controls Guangdong Xingbang, a variable interest entity (VIE). Its operating entity, Xinyu Xingbang, is a company principally engaged in the operation of a B2B2C e-commerce platform in the PRC for manufacturers, distributors and other businesses in the lighting, ceramics and other home furnishing industry in the People's Republic of China (PRC). It is engaged in operating and developing the Ju51 Mall. The Company is engaged in operating an e-commerce platform to provide value added services to manufacturers, distributors, retailers, decoration companies and decoration technicians in the home furnishing industry while serving consumers through the Ju51 Mall. It has approximately 240 technical service stations.