A Global Leading Membership E-commerce Platform
Established in the Hangzhou City of China in May 2015, Yunji Sharing Technology Co., Ltd. is a mobile Internet company engaged in the research, development and operation of E-business platform. As a leader of membership E-business in China, Yunji, together with many domestic and foreign top brands and quality emerging brands, has integrated into the life of thousands of Chinese families. Yunji, the membership E-business platform, also has grown up from a start-up to a unicorn in the industry. As of December 31, 2019, Yunji has 13.8 million members, with the highest daily sales of more than RMB 1.08 billion. On April 23, 2018, Yunji announced the completion of Series B financing of USD120 million. On May 3, 2019, Yunji was officially listed on the on the Nasdaq Stock Exchange, becoming the first Chinese membership-based e-commerce firm listed on a US stock exchange.
As the business developed rapidly, Yunji didn't forget its social responsibility. In 2018, Yunji Commonweal Foundation was set up. Adhering to the idea of "doing more for those who you love", with " to advance for love, to enjoy public welfare, and to build a public welfare model full of love and fun" as its vision, with "better life and happier family"as its value, the foundation carried out active and effect probes and practices in the fields of employment, entrepreneurship and poverty alleviation.
As an e-commerce platform for VIP members driven by social network, YUNJI provides a host of selected commodities such as beauty and personal care, mobile phones&digital products, baby&maternal products, toys, fruits and other fresh products. On YUNJI, 80% of daily necessities can be purchased at wholesale price. Sharing links of commodities to friends can also make you obtain some payment.
After over three years’development, by November 2018, YUNJI has signed strategic cooperation agreements with various top brands both at home and abroad such as Danone, L'Oreal, Johnson&Johnson, Yili, Colgate, Fiyta, and quality emerging brands such as TOMATO PAI, HITOMORROW and Deerma.
In 2017, through over 4000 selected commodities, YUNJI’s sales volume was over 10 billion yuan, up more than 400 % year on year. On April 23rd, 2018, YUNJI announced the completion of Series B financing of 120 million dollars, making it a unicorn business in social e-commerce industry.