| Market Capitalization (Millions $) |
4,532 |
| Shares
Outstanding (Millions) |
1,970 |
| Employees |
201 |
| Revenues (TTM) (Millions $) |
45 |
| Net Income (TTM) (Millions $) |
-19 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Yunji Inc is a Chinese technology-based retail platform that was founded in 2015 by Shanglue Xiao. The company operates an online marketplace and social commerce platform that connects customers with manufacturers and wholesalers offering a wide range of products including apparel, health and beauty, household goods, and electronics. Yunji creates a network of online shoppers and small business owners, providing them with convenient access to high-quality and affordable merchandise from leading brands and suppliers.
The company's business model is based on a membership system, wherein users can become Yunji Members by paying a small subscription fee. Members get access to the platform's various features, including discounts and cashback rewards, personalized product recommendations, and social sharing tools. The platform also encourages members to refer their friends and family, incentivizing them with cash rewards and other perks.
By leveraging social media and user-generated content, Yunji has created a unique and engaging shopping experience for its members. The platform integrates with popular social media platforms such as WeChat and TikTok, allowing members to share product information and promotional content with their followers. This has enabled the company to build a large and active community of users that collectively drive sales and promote the brand.
In addition to its online marketplace, Yunji also operates a network of online and offline stores. The company has established partnerships with manufacturers and wholesalers to source high-quality and affordable products, which are then sold through these stores. Yunji's offline stores provide customers with an opportunity to see and feel the products before making a purchase, while also serving as a hub for social interaction and community building.
Since its inception, Yunji has rapidly grown to become one of the leading social commerce platforms in China. The company went public on the Nasdaq stock exchange in 2019 and raised $121 million through the initial public offering. Yunji continues to innovate and evolve its business model, leveraging the latest technologies and trends in e-commerce and social media to provide an unparalleled shopping experience for its members.
Company Address: 18/F, South Building Hangzhou 310000
Company Phone Number: 0571-82653857 Stock Exchange / Ticker: NASDAQ YJ
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