Zall Cross-border E-commerce Investment Company has completed its acquisition of LightInTheBox Holding for $76.5m.

Zall Cross-border E-commerce Investment Company, a retailer, has completed its acquisition of LightInTheBox Holding, a global online retail company that delivers products directly to consumers around the world for $76.5m. "Combining LightInTheBox's deep understanding of global ecommerce, extensive technological expertise and mobile internet capabilities with our vast portfolio of wholesale products and supply chain management systems will create new business opportunities for both parties. As Chinese manufacturing continues to move up the value chain, we believe that internet-driven innovation and cross-border ecommerce will provide traditional businesses like us with increased efficiency and new markets for growth. LightInTheBox is the ideal company for us to partner with as we jointly work to bring high-quality Chinese products to new markets across the globe." Zhi Yan, Zall Development Co-chairman and CEO.