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2018 Press Releases

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12/14/18LightInTheBox Reports Third Quarter 2018 Financial Results
BEIJING, Dec. 14, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced its unaudited financial results for the third quarter of 2018. Third Quarter 2018 Financial Results Net revenues decreased 42.3% year-over-year to $44.5 million from $77.1 million in the same quarter of 2017. Net revenues from product sales were $42.9 million, compare... 
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12/13/18LightInTheBox to Report Third Quarter 2018 Financial Results on December 14, 2018
BEIJING, Dec. 13, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it will release its financial results for the third quarter ended September 30, 2018 before the open of U.S. markets on Friday, December 14, 2018.  About LightInTheBox Holding Co., Ltd. LightInTheBox is a global online retail company that delivers products direc... 
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12/10/18LightInTheBox Announces Closing of Ezbuy Strategic Acquisition
BEIJING, Dec. 10, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced the closing of its strategic acquisition of a 100% equity stake in Ezbuy Holding Co., Ltd. ("Ezbuy"), a Singapore-based leading cross-border e-commerce platform. The signing of the transaction was previously announced on November 8, 2018. As a result of the transaction... 
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11/30/18LightInTheBox Announces Appointment of KPMG as its Independent Registered Public Accounting Firm for the Fiscal Year Ended December 31, 2018
BEIJING, Nov. 30, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that effective immediately, the Company engaged KPMG Huazhen LLP ("KPMG") as the Company's independent registered public accounting firm, to replace Deloitte Touche Tohmatsu Certified Public Accountants LLP ("Deloitte"). The change of the Company's independent registere... 
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11/16/18LightInTheBox Announces Board and Management Changes
BEIJING, Nov. 16, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced the resignation of Mr. Zhiping Qi, Chief Executive Officer of LightInTheBox, effective immediately. Mr. Qi's resignation was one of the closing conditions for the acquisition of Ezbuy Holding Co., Ltd. ("Ezbuy") announced on November 8, 2018 and was not due to any disag... 
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11/08/18LightInTheBox Signs Definitive Agreement to Acquire Leading Southeast Asian Cross-Border E-commerce Platform Ezbuy
BEIJING, Nov. 8, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced the execution of a share purchase agreement for the strategic acquisition of a 100% equity stake in Ezbuy Holding Co., Ltd. ("Ezbuy"), a Singapore-based leading cross-border e-commerce platform.   Under the terms of the share purchase agreement and as part of an intende... 
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10/30/18LightInTheBox Receives Continued Listing Standard Notice From the NYSE
BEIJING, Oct. 30, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it received a letter from the New York Stock Exchange ("NYSE"), indicating that the Company is "below criteria" due to the average closing price of the Company's ADSs being less than US$1.00 over a consecutive 30-trading-day period. The NYSE requires the average cl... 
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09/20/18LightInTheBox Reports Second Quarter 2018 Financial Results
BEIJING, Sept. 20, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced its unaudited financial results for the second quarter of 2018. Second Quarter 2018 Financial Results Net revenues decreased 29.4% year-over-year to $55.4 million from $78.5 million in the same quarter of 2017. Net revenues from product sales were $52.0 million, comp... 
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09/17/18LightInTheBox Holding Co., Ltd. to Report Second Quarter 2018 Financial Results on Thursday, September 20, 2018
BEIJING, Sept. 17, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2018 before the open of U.S. markets on Thursday, September 20, 2018. LightInTheBox's management will hold a conference call to discuss the results at 8:00 a.m. Eastern Time on ... 
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07/23/18LightInTheBox Announces Management Changes
BEIJING, July 23, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced certain management changes. Mr. Zhiping Qi has been elected as Chief Executive Officer of LightInTheBox by the Board of Directors (the "Board") of the Company. Mr. Qi is also expected to join the Board following the extraordinary general meeting of shareholders whic... 
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07/09/18LightInTheBox to Hold Extraordinary General Meeting on August 17, 2018
BEIJING, July 9, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox"or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced it will hold an extraordinary general meeting of shareholders at ICBC Tower, 35/F, 3 Garden Road, Hong Kong on August 17, 2018 at 10:00 a.m., local time. The meeting will be held in order to consider and, if thought fit, pass the following resolutions: As a special... 
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06/29/18LightInTheBox Reports First Quarter 2018 Financial Results
BEIJING, June 29, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced its unaudited financial results for the first quarter of 2018. First Quarter 2018 Financial Results Net revenues decreased 3.6% year-over-year to $70.1 million from $72.7 million in the same quarter of 2017. Net revenues from product sales were $66.0 million, comp... 
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06/28/18LightInTheBox Announces Board and Management Changes
BEIJING, June 28, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced certain management and Board of Directors of the Company (the "Board") changes. Mr. Alan Guo, founder, Chairman and CEO, is voluntarily stepping down as CEO and Chairman of the Board to pursue other personal interests. In order to ensure an orderly transition, Mr. G... 
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06/05/18LightInTheBox Partners with CyberMiles to Launch a Cryptocurrency Rebate Promotional Campaign
BEIJING, June 5, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers differentiated products directly to customers around the globe, today announced that it has partnered with Cybermiles, a blockchain and smart contract platform for e-commerce, to launch a cryptocurrency rebate promotional campaign in June 2018. Using Cybermiles's CMT crypto token, consumers in select countries who purchase product... 
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05/16/18LightInTheBox Launches Cash on Delivery in India
BEIJING, May 16, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers differentiated products directly to customers around the globe, today announced that it has launched Cash on Delivery in India. Together with already enabled PayTM and PayU Wallet, Unified Payments Interface, localized Indian Debit and Credit Card payment services, LightInTheBox aims to provide the best localized shopping experience f... 
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04/27/18LightInTheBox Strengthens Cross-Border Logistics Operations with Opening of New Bonded Warehouse in Qianhai Shenzhen
BEIJING, April 27, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it has opened a new bonded warehouse Shenzhen, Guangdong Province to strengthen its cross-border logistics operations. Located in Shenzhen's Qianhai New District, the bonded warehouse will expand the Company's logistics infrastructure in China and facilitate the s... 
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04/10/18LightInTheBox Launches Local Payment Services in India
BEIJING, April 10, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it has partnered with PayTM, the largest online payment provider in India, PayUbiz, and other local service partners, to launch local payment services for customers in India. The payment service includes options such as mobile wallet, internet banking, bank transf... 
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04/04/18LightInTheBox and Xiaomi Sign Strategic North American Distribution Agreement
BEIJING, April 4, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it has signed a strategic distribution agreement with Xiaomi, a leading global technology leader, to sell a full array of Xiaomi products in North America. This agreement marks Xiaomi's first cross border e-commerce distribution partnership in North America. Acc... 
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03/28/18LightInTheBox Holding Co., Ltd. Files 2017 Annual Report on Form 20-F
BEIJING, March 28, 2017 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2017 with the U.S. Securities and Exchange Commission. An electronic copy of the annual report on Form 20-F can be accessed on LightInTheBox's investor relations website at http://ir.li... 
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03/23/18LightInTheBox Reports 9.4% Revenue Growth for Full Year 2017
BEIJING, March 23, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced its unaudited financial results for the full year and the fourth quarter of 2017. Full Year 2017 Highlights Net revenues increased 9.4% year-over-year to $319.9 million Net revenues from product sales increased 12.2% year-over-year Product sales i... 
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03/15/18LightInTheBox Establishes Experimental Cryptocurrency Mining Operation in North America
BEIJING, March 15, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), today announced that it has established an experimental cryptocurrency mining operation in North America. The Company's experimental cryptocurrency mining operation is composed of a group of powerful GPU-based specialized computers that participate in a decentralized cryptocurrency system. The computers compute algorithmic results to support the system and in turn earn yie... 
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02/01/18LightInTheBox Launches "Cloud Fitting Room" Service Allowing Customers to Try on Wedding Gowns at Home
BEIJING, Feb. 1, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it has launched a "Cloud Fitting Room" service to allow customers in the United States to try on wedding gowns and bridesmaid dresses at home. Leveraging the Company's self-operated fulfillment center in the United States, LightInTheBox will ship up to three wed... 
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01/18/18LightInTheBox Opens Blockchain Technology Research Lab
BEIJING, Jan. 18, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it has opened a blockchain technology research lab to explore and develop blockchain technology platforms and their application on the cross-border e-commerce industry. The research lab will be composed of both existing in-house talent and new hires with strong bac... 
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01/08/18LightInTheBox Accepts Bitcoin Payment
BEIJING, Jan. 8, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that bitcoin will now be accepted on the LightInTheBox.com and MiniInTheBox.com platforms as of January 5th, 2018. Bitcoin payments will be processed through BitPay. Mr. Alan Guo, Chairman and CEO of LightInTheBox, commented, "I'm glad to bring Bitcoin as a new paymen... 
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