HANGZHOU, China, May 19, 2022
/PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ),
a leading membership-based social e-commerce platform, is
celebrating its seventh anniversary this month. During its seventh
year in business, Yunji further updated the product curation
strategy it has adhered to since its establishment. Under the
upgraded strategy, products receive the "Yunji Selected" quality
label only if they successfully pass a rigorous and comprehensive
selection process.
As part of the new selection process, product quality is
evaluated by both Yunji and its customers. Product selection is
based on authentic feedback from the Company's massive platform
userbase. Users assess products based on a comprehensive set of
criteria, generating a range of value-for-money products that
provide customers with a superior user experience.
Yunji applies extremely strict and thorough screening mechanisms
to curate Yunji quality products on a weekly basis. The
comprehensive process leverages data such as sales volumes,
category experts' recommendations, service managers' and users'
product recommendations, repurchase rate, and product source
inspection to ensure customer satisfaction by providing an
objectively selected range of top-quality products. Following many
rounds of selection, Yunji's CEO personally conducts a final
evaluation, with only one product per week receiving the accolade
of being "Yunji Selected". These foods are then sold as flagship
products every Wednesday on Yunji's Food Festival. Among the
products to have won "Yunji Selected" status over the past few
weeks are our private label product Tuomuchun raw camel milk powder
and an edible raw egg product developed by one of Yunji's long-term
third-party partners.
Mr. Shanglue Xiao, Chairman and Chief Executive Officer of
Yunji, commented, "The positioning of Yunji quality products is
based on authentic feedback from a large number of users on our
platform. We always put quality first and only guarantee products
that reach the highest of standards. We are dedicated to developing
our user mindset of quality products gather at Yunji and making our
platform the go-to place for reliable and high-quality food."
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/.
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. 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.
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.