FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Yunji Inc. Skyrockets Amid Announcing an Agreement with Douyin”
Yunji Inc. (NASDAQ: YJ) opened 42% higher than its previous close after the company announced that it has signed a cooperative framework agreement with Douyin, a leading Chinese live streaming platform owned by Bytedance.
The Company will now leverage its online store and video account on Douyin to introduce and promote more quality products sourced from its differentiated supply chain and expand the influence of the high-quality private label and joint-venture brands in its network.
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: Yunji Inc.
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