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Shopcj.com is an online shopping site in India launched, by SHOP CJ Network Private Limited (formerly known as STAR CJ Network India Private Limited).
Company is 50:50 joint venture (conglomerate ) between,
CJ O Shopping Co. Ltd. ( South Korean home shopping major, originally a branch of Samsung until it separated in the 1990s) and
P5 Asia Holding Investments (Mauritius) Limited belonging to the Providence Equity Partners group.(In June 2014 STAR India sold its stake in the company to Providence Equity Partners , a New York based Private Equity firm.)
CJ O Shopping has been ranked no.1 in Korea for both,
With success in each market it has entered, the revenue amounted to a staggering USD 28 Billion for CJ group USD 4.8 Billion for CJO Shopping (2013).
ShopCJ (formerly known as StarCJ Alive) is a 24-hour home shopping channel, formed in March 2009, broadcast in India, and operated by ShopCJ Network Pvt. Ltd. (formerly known as Star CJ Network India Pvt. Ltd.). The channel was jointly owned by STAR India and CJ O Shopping Co. Ltd. of South Korea as a 50-50 Joint Venture. Companies launched it's online eCommerce webportal named as ShopCJ.com in February 2011.
In June 2014 STAR India sold its stake in the company to Providence Equity Partners, a New York based Private Equity firm.
Providence Equity Partners operates the media properties of ShopCJ Network through P5 Asia Holding Investments (Mauritius) Limited, which is owned by Providence. The company had an arrangement to continue using the STAR branding (name and logo) for one year after the conclusion of the sale.It has since dropped the STAR brand.
STAR India shall continue to maintain its current stake holding in the web-portal.
It is currently available on all major digital cable and DTH distributors in India, and has a reach of 50 million households. It claims a customer base of 5 million in 5 years of operationsSource - Wikipedia.Recommendation - See all shopping sites in india with great discount offers