800buy China Limited is a leading e-commerce company and the largest specialty gift website in China. Through its well-known 800buy.com .cn website, the company sells over 8,000 gift products with a distinct focus on the latest trends in life style and fashion. Key product categories include jewelry, flowers, beauty & health, sports & outdoors, and digital electronics. Currently, 800buy has over 5 million registered users throughout China. In addition to the online channel, the company markets its products through catalogs and TV infomercials on satellite TV channels.
The Company's flower s specialty website, Salala.com.cn, is the largest online provider of flowers in China. Salala is a partner with 1-800-Flowers in the United States and a member of the Interflora global network, serving customers in 185 countries worldwide. Salala was founded in April 2000 and was acquired by 800buy in March 2004.
800buy was founded in 2000 by Sherry Zhang and a number of other Chinese entrepreneurs returned from the United States. Among the early supporters is Mr. Koh Boon Hwee, formerly Chairman of Singapore Telecom and a renowned angel investor in the high tech industry in Asia. Mr. Koh has been Chairman of 800buy since 2000. During 2000, the Company raised money from several venture capital investors including Venture TDF and Sequoia Investments.
800buy is incorporated in the Cayman Islands. It is headquartered in Beijing, with additional operating facilities in Shanghai and over 500 franchised flower delivery operations throughout the country. The Company has approximately 180 employees.