HANGZHOU, China, Jan. 12, 2022 /PRNewswire/ -- Yunji Inc. ("Yunji"
or the "Company") (NASDAQ: YJ), a leading membership-based social
e-commerce platform, announced that its private label Baiyueshan
("the Brand") brand continues to be a megahit among customers. The
wolfberry puree (the "Product") that was recently launched under
the Brand has generated tens of millions of Renminbi in sales since
September 2021. The Product was
jointly developed by Yunji and Zaokang Wolfberry Inc., a company
located in the most well-known wolfberry growing region in
China and with a long history of
planting, processing, and marketing wolfberry products.
Baiyueshan sources its organic ingredients from areas with a
long history of cultivation that use mature growing techniques.
Combining processing technology that retains most of the nutrition
contents of the raw ingredients with cutting-edge manufacturing
capabilities, Yunji leverages its differentiated supply chain to
provide high-end health supplements to its members. One of the
Brand's flagship products, Baiyueshan wolfberry puree was an
immediate success with Yunji's members, selling over 1 million
packets within 1 minute of its launch. Demand for Baiyueshan's
wolfberry puree has remained strong, with the Product selling out
during Yunji's sales promotion days in October and December
2021.Yunji will continue to develop the Baiyueshan brand during
2022 by promoting the Brand on third-party live-streaming platforms
and expanding its sales channels to include other e-commerce
platforms and offline retail outlets.
Shanglue Xiao, Founder and CEO of Yunji, commented, "Food is one
of Yunji's most important strategic categories. With an emphasis on
the provenance of our ingredients, we utilize our advanced
preservation techniques to deliver premium health products to our
members. We are striving to become the gourmet food platform of
choice for our customers, and the launch of Baiyueshan is an
important step to differentiate ourselves within the health food
industry. Through our continuing efforts to improve the food supply
chain, we also contribute to the development of the agricultural
industry and rural areas."
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.