Yosen Group, Inc. announced that the company recently formed a new subsidiary named Zhejiang Yosen Lamapai E-Commerce Co. Ltd. Established in Zhejiang Province with the registered capital of RMB 10 million, Yosen Lamapai is 55% controlled by Yosen, with the rest being held by well-known businessmen in Zhejiang province and Yiwu City. Lamapai is the pronunciation for the Chinese words meaning "the Hot Mommies".