Yunji Stock Price, News & Analysis

Yunji Inc. (NASDAQ: YJ) has signed a cooperative framework agreement with Douyin, enhancing its live streaming capabilities. This partnership aims to leverage Douyin's platform for product promotion and supply chain enhancements. Yunji's initial live streaming events have garnered impressive results, achieving RMB170.0 million in gross merchandise value (GMV) over three sessions. This collaboration aligns with Yunji's goal to expand its market reach and cater to a broader consumer base through attractive live events.

Yunji Inc. (NASDAQ: YJ) will release its Q3 2020 financial results on November 26, 2020, before market opening. The earnings report will be accessible on the investor relations website.

A conference call will be held on the same day at 7:00 AM ET to discuss the results. Participants must register online to receive call details, including a unique registrant ID and dial-in numbers.

A replay of the call will be available until December 4, 2020.

Yunji Inc. (NASDAQ: YJ) announced a new initiative to form partnerships with leading agricultural brands to enhance its Supply Chain Differentiation Program. This aims to promote quality products across China and improve its value proposition for members. Recently, Yunji partnered with Balinyouqi Lamb Industry Base to construct an ecological lamb warehouse exclusively for Yunji’s platform. The company has also collaborated with merchants to develop innovative products, achieving notable commercial success. CEO Shanglue Xiao expressed confidence in supporting regional agriculture and enhancing the product offerings for members.

Yunji Inc. reported strong sales results from its first live streaming event on Douyin, generating RMB 87.5 million in gross merchandise value and 10.7 million views. The event showcased over 40 products from a superior supply chain, featuring various categories such as home appliances and cosmetics. The founder, Shanglue Xiao, emphasized plans to enhance product curation and expand live streaming capabilities. Yunji is also collaborating with Xiyu Mei Nong to train streamers, aiming to boost consumer access to its products through various platforms.

Yunji Inc. (NASDAQ: YJ) reported impressive metrics during its first live streaming event on September 25, 2020, generating RMB 87.5 million in gross merchandise value (GMV) and achieving 10.7 million views on Douyin. Founder and CEO Shanglue Xiao showcased over 40 products, enhancing the company’s brand visibility and expanding its product line. Yunji aims to further develop its live streaming capabilities and collaborate with brands like Xiyu Mei Nong to train streamers, enhancing consumer access across multiple platforms.

Yunji Inc. (NASDAQ: YJ) reported its Q2 2020 financial results, showing total revenues of RMB1,486.9 million (US$210.5 million), down from RMB3,064.1 million year-over-year. The decline was attributed to a shift towards marketplace revenues, which rose 201.3% to RMB159.6 million (US$22.6 million). Despite a decrease in merchandise sales by 52.4% to RMB1,299.3 million (US$183.9 million), the company achieved an adjusted net income of RMB20.1 million (US$2.8 million), compared to a loss in the same quarter of 2019. Transacting members reached 12.2 million, reflecting membership system improvements.

Yunji Inc. (NASDAQ: YJ) will release its second quarter 2020 financial results on August 25, 2020, before market opening. A conference call to discuss the earnings will be held at 7:30 AM ET on the same day. Participants must register online for the call, with details provided post-registration. The call will be accessible via a live and archived webcast on Yunji's investor relations website. The company, a leader in membership-based social e-commerce in China, focuses on delivering quality products through advanced technologies and an optimized customer experience.

Yunji Inc. (NASDAQ: YJ) reported its Q1 2020 financial results, showing a 2.9% increase in GMV to RMB7.0 billion (US$1.0 billion). Total revenues dropped 51.3% to RMB1,649.2 million (US$232.9 million) compared to RMB3,385.6 million in Q1 2019, primarily due to a shift to marketplace revenue recognition. The net loss widened to RMB13.2 million (US$1.9 million), down from a net income of RMB16.9 million a year earlier. Operational challenges from the COVID-19 pandemic impacted performance but improvements in marketplace commission rates were noted. Adjusted net income was RMB26.1 million (US$3.7 million).

Yunji Inc. (NASDAQ: YJ) plans to release its first quarter 2020 financial results on June 3, 2020. The earnings release will be accessible on the Company's investor relations website. Interested participants can register for a conference call to discuss the results, and a replay will be available until June 11, 2020. Yunji operates a social e-commerce platform in China, employing a membership-based model to offer quality products at competitive prices, enhanced by technologies like big data and AI for better user experience.