HANGZHOU, China, Jan. 5, 2023
/PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ),
a leading membership-based social e-commerce platform, today
announced that the final large-scale promotional event before the
Lunar New Year, the New Year Festive Goods Shopping Festival ("the
Event"), successfully concluded at the end of December 2022.
The Event showcased and promoted Yunji's flagship products
across a wide variety of different categories. Following the recent
relaxation of COVID restrictions, Yunji has sharpened its focus on
the development of its range of healthcare and pandemic prevention
products. Among the Company's private labels, the high-end health
food brand Baiyueshan's nutritious products continued to be
megahits with users. The brand's freeze-dried sea buckthorn powder
and autumn pear grease have proved especially popular, with the
buckthorn powder selling out within 10 hours, generating
RMB20 million in sales.
Building on its pledge to help its users better meet their
health care needs, the Company is ensuring that pandemic prevention
and treatment products are available for purchase on its platform.
Facing a complex external environment and nationwide shortages,
Yunji is leveraging its robust supply chain capabilities and
deploying additional resources to guarantee its users
affordably-priced necessities including face masks, disinfectants,
and pulse oximeters.
As the Lunar New Year approaches, the Company is dedicated to
offering a seamless, high-quality shopping experience to all of its
users during the festive period.
Mr. Shanglue Xiao, Founder and CEO of Yunji, commented, "We
faced a wide range of uncertainties and challenges during the last
few months. Against this backdrop, we continued our prudent product
curation strategy, maintained our supply of high-quality healthcare
products, and fulfilled our social responsibility to help millions
of families live healthy lives."
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.