Nasdaq Welcomes Ruhnn Holding Limited (Nasdaq: RUHN) to The Nasdaq Stock Market
April 03 2019 - 12:57PM
Ruhnn Holding Limited (Nasdaq: RUHN), the largest internet key
opinion leader, or KOL, facilitator in China as measured by revenue
in 2018, visited the Nasdaq MarketSite in Times Square today in
celebration of their initial public offering (IPO) on The Nasdaq
Stock Market.
Ruhnn Holding Limited provides professional training to the KOLs
and helps them develop distinctive characters and grow their fan
bases. KOLs, also known as influencers, are individuals who have
the power to engage and impact people within a specific community
or field, such as fashion, culture, entertainment and gaming. The
company owns and operates online stores on third-party e-commerce
platforms, a majority of which are opened in the name of the KOLs,
that generate revenue through online sales of self-designed
products. Ruhnn also connects their KOLs with third-party online
stores and merchants to promote products sold in third-party online
stores or provide advertising services on KOLs' social media spaces
to third-party merchants. This new model allows them to operate in
a more asset-light manner and collaborate with a greater number and
variety of KOLs and brands.
“We are excited to become a publicly traded company on Nasdaq,
an exchange that embodies innovation. We are proud to be among
Nasdaq listed companies, which are some of the world’s most
important internet and technology companies. Our team at Ruhnn has
over 10 years of experience in e-commerce. With our Key Opinion
Leader ecosystem, we have become the leading KOL incubator in
China, and as such, the ideal partner of retail brands. Being here
today is a milestone for us and we look forward to our continued
growth,” said Min Feng, Co-Founder and Chairman of Ruhnn.
“Ruhnn Holding Limited prides themselves on their ability to
identify and cultivate a large number of promising internet KOLs in
an efficient and sustainable manner,” said Bob McCooey, Chairman,
Nasdaq Asia Pacific. “They use data analysis and innovative
technology to help their KOLs produce engaging content and more
effectively interact with their fans to increase their popularity.
We are so excited to welcome them to Nasdaq’s family of the world’s
most innovative companies.”
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq. Neither
Nasdaq nor any of its affiliates makes any recommendation to buy or
sell any security or any representation about the financial
condition of any company. Statements regarding Nasdaq-listed
companies are not guarantees of future performance. Actual results
may differ materially from those expressed or implied. Past
performance is not indicative of future results. Investors should
undertake their own due diligence and carefully evaluate companies
before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY
ADVISED.
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MEDIA RELATIONS
CONTACT: |
- Emily Pan
- (646) 441-5120
- emily.pan@nasdaq.com
|
- Bianca Fata
- (646) 441-5073
- bianca.fata@nasdaq.com
|
- NDAQG -
A photo accompanying this announcement is available
at
http://www.globenewswire.com/NewsRoom/AttachmentNg/d626e046-806e-4219-bf33-8ad812778f6f
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