HANGZHOU, China, June 28,
2022 /PRNewswire/ -- Yunji Inc. ("Yunji" or the
"Company") (NASDAQ: YJ), a leading membership-based social
e-commerce platform, today announced that the Company's ongoing
development of innovative technology is yielding positive results.
The recently-launched second generation of Yunji's megahit product,
fruit and vegetable pressed candy from its private label
Qingziyang, reached the milestone of five million sales within one
minute and ten million sales within twenty minutes during its
launch day on June 14, 2022.
The second-generation pressed candy product leverages
technological innovation to deliver a superior taste with a better
product design and an enhanced product formula. The product has
garnered widespread acclaim and received the Gold Award at the
World Genius Convention & Education Expo 2022. After more than
a year of research and development, Yunji enriched the product's
formula and improved its efficacy by including additional patented
ingredients sourced from multiple countries. Retaining the original
elements that aid digestion and block fat absorption, the second
generation of the product adds new health-boosting ingredients that
deliver a wide range of benefits, such as blocking glucose
absorption. The launch of the second-generation pressed candy
demonstrates Yunji's commitment to continuous development of its
private labels. These efforts have received international
recognition, with Qingziyang's collagen peptide solid beverage
winning a Gold Medal at the International Exhibition of Inventions
of Geneva in Switzerland in March
2022.
In addition to its application of cutting-edge technology in
product development, Yunji also collaborated with a smart factory
in Zhejiang to produce its
Qingziyang brand multimineral calcium supplements. Yunji's
innovative use of technology allows users to monitor the product's
manufacturing process through 24/7 livestreaming in key locations
such as workshops, warehouses, and food testing laboratories simply
by scanning a QR code. Users are able to track manufacturing dates,
supply sources, and inspection and operation personnel, and can
watch the production process at any time online thanks to Yunji's
use of the latest IOT technology.
Shanglue Xiao, Founder and CEO of Yunji, commented, "We are
partnering with a number of top-tier suppliers to further expand
and develop our Qingziyang brand. By working closely with our
world-class partners, we have incorporated state-of-the-art
technology into our research and development and manufacturing
processes, better enabling us to fulfill our mission to provide the
best quality health products to our customers. We are dedicated to
providing comprehensive health solutions to our customers and
helping them to pursue healthy lifestyles."
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.