ECMOHO CEO Delivered a Speech about How Technology Helps Accomplish High Growth of the Mother and Childcare Products Industry...
January 09 2020 - 9:00AM
Ms. Zoe Wang, Founder and Chief Executive Officer of ECMOHO Limited
("ECMOHO" or the "Company"; Nasdaq: MOHO), a leading integrated
solutions provider in the rapidly growing non-medical health and
wellness market in China, today gave a speech at the 2019 China
Mother and Child Entrepreneurs Summit in Beijing about how
technology can help to accomplish high growth in the mother and
childcare products industry.
In her speech, Ms. Wang stated the following
major points:
- China’s health and wellness market is projected to reach RMB
9.9 trillion by 2023 according to industry researcher Frost &
Sullivan. The Company believes that trustworthy content generation
and distribution address the needs of consumers and creates a loyal
base. By providing high-quality content and products, the Company
achieved a repurchase rate of 35% among its approximately 8 million
paying customers, in 2019, much higher than the generally
acknowledged industry average.
- ECMOHO provides comprehensive marketing services for
multinational mother and childcare nutrition brands, such as Wyeth
Nutrition, Gerber and Abbott. Through precision marketing and data
analysis, the Company not only creates consumer stickiness but also
builds close partnerships with its major brand partners and helps
them achieve high growth in the China market.
- The number of specialty stores which source products through
the Company’s proprietary platform, XG Health, has seen strong
growth since its launch in April 2019. XG Health platform continues
to integrate online health management with offline stores to drive
user growth for the Company.
Zoe concluded by indicating that technology
contributes to the high growth of ECMOHO and the Company plans to
continue to invest in technology and innovation to accelerate its
growth in the future.
Safe Harbor Statements
This news release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "target," "going forward," "outlook" and
similar statements. For example, the Company’s statement about its
expectations for Company performance in the future is a
forward-looking statement and is inherently uncertain. Such
statements are based upon management's current expectations and
current market and operating conditions, and relate to events that
involve known or unknown risks, uncertainties and other factors,
such as the Company’s expected growth of the online retail industry
in China, the Company’s expectations regarding demand for and
market acceptance of its products and services, the Company’s
expectations regarding its relationships with its brand partners
and e-commerce channels, and the level of consumer economic
activity in China, all of which are difficult to predict and many
of which are beyond the Company's control, which may cause the
Company's actual results, performance or achievements to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required
under applicable law.
About ECMOHO Ltd.
ECMOHO is a leading integrated solution provider
in the rapidly growing non-medical health and wellness market in
China. The Company acts as the bridge between brand owners and
Chinese consumers by marketing and distributing health supplements
and food, mother and child care products, personal care products,
household healthcare equipment and other health and wellness
products. Through over seven years of operation, ECMOHO has built
an ecosystem where Chinese consumers are provided with customized
health and wellness solutions that include quality products and
trustworthy content.
For more information, please visit
http://ir.ecmoho.com/.
For investor and media inquiries, please
contact:
ECMOHO Ltd. Ms. Ellen Chiu
Email: ellenchiu@ecmoho.com
Christensen In China Mr.
Christian Arnell Phone: +86-10-5900-1548 E-mail:
carnell@christensenir.com
In U.S. Mr. Tip Fleming Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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