HANGZHOU, China, Aug. 1, 2022
/PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ),
a leading membership-based social e-commerce platform, today
announced the celebration of its private-label skin care brand
SUYE's 12th anniversary. SUYE generated over
21 million RMB sales of its
high-quality products during its anniversary month of July,
including its newly launched GHK-Cu (Copper
Glycyl-histidine-tripeptide) multi-effect repairing freeze dried
set and polypeptide anti-wrinkle kit. In line with its 12-year
development as a socially-conscious brand, SUYE actively
participates in charitable activities and contributes to social
welfare.
SUYE provides customers with effective and professional products
by leveraging its cutting-edge biotechnology and by partnering with
top-tier international companies in product development. Since
2016, SUYE has collaborated with a Netherlands-based company, and their joint
research revealed the effective anti-aging properties of peptides.
Building on this discovery, SUYE has invested extensively in
peptide research and developed a wide variety of products that
utilize their unique properties. SUYE has gradually implemented
product-development strategies that enable its customers to better
meet their skin care needs, incorporating professional ingredients
typically only utilized in medical aesthetics into its product
line. During 2021, SUYE further embraced this approach by launching
skin care products that contain ingredients used in mesotherapy
treatments. With a research philosophy that emphasizes innovation
and application of the latest advances in medical aesthetics, Yunji
is committed to providing its customers with safe and effective
skincare solutions.
In addition to these successful product developments, SUYE has
further committed itself to philanthropic causes. SUYE has
partnered with nonprofit dental care provider Future Smile
Charitable Foundation, Alibaba's public welfare group, and other
organizations to launch its "Donate for Love" welfare initiative.
Donate for Love provides free medical examinations and
reconstructive surgery for patients with head and facial
deformities, allowing them to smile more confidently.
Shanglue Xiao, Founder and CEO of Yunji, commented, "We are
excited by the enthusiastic reception SUYE's biotechnology-infused
products have received from our users. As one of Yunji's beauty
brands' key private labels, SUYE is synonymous with high-quality
products that deliver innovative and effective anti-aging
solutions."
Safe Harbor Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "aims," "future," "intends,"
"plans," "believes," "estimates," "confident," "potential,"
"continue" or other similar expressions. Among other things, the
quotations from management in this announcement, as well as Yunji's
strategic and operational plans, contain forward-looking
statements. Yunji may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the "SEC"), in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
but not limited to statements about Yunji's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Yunji's growth strategies; its future
business development, results of operations and financial
condition; its ability to understand buyer needs and provide
products and services to attract and retain buyers; its ability to
maintain and enhance the recognition and reputation of its brand;
its ability to rely on merchants and third-party logistics service
providers to provide delivery services to buyers; its ability to
maintain and improve quality control policies and measures; its
ability to establish and maintain relationships with merchants;
trends and competition in China's
e-commerce market; changes in its revenues and certain cost or
expense items; the expected growth of China's e-commerce market; PRC governmental
policies and regulations relating to Yunji's industry, and general
economic and business conditions globally and in China and assumptions underlying or related to
any of the foregoing. Further information regarding these and other
risks is included in Yunji's filings with the SEC. All information
provided in this press release and in the attachments is as of the
date of this press release, and Yunji undertakes no obligation to
update any forward-looking statement, except as required under
applicable law.
About Yunji Inc.
Yunji Inc. is a leading social e-commerce platform in
China that has pioneered a unique,
membership-based model to leverage the power of social
interactions. The Company's e-commerce platform offers high-quality
products at attractive prices across a wide variety of categories
catering to the day-to-day needs of Chinese consumers. In addition,
the Company uses advanced technologies including big data and
artificial intelligence to optimize user experience and incentivize
members to promote the platform as well as share products with
their social contacts. Through deliberate product curation,
centralized merchandise sourcing, and efficient supply chain
management, Yunji has established itself as a trustworthy
e-commerce platform with high-quality products and exclusive
membership benefits, including discounted prices.
For more information, please visit
https://investor.yunjiglobal.com/
Investor Relations Contact
Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957
ICR, LLC
Robin Yang
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957
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SOURCE Yunji Inc.