Yunji Announces the Signing of a Cooperative Framework Agreement with Douyin
HANGZHOU, China, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Yunji Inc. (Yunji or the Company) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it has signed a cooperative framework agreement (the Agreement) with Douyin, a leading Chinese live streaming platform owned by Bytedance.
- HANGZHOU, China, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Yunji Inc. (Yunji or the Company) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it has signed a cooperative framework agreement (the Agreement) with Douyin, a leading Chinese live streaming platform owned by Bytedance.
- Through the Agreement, the Company will leverage its online store and video account on Douyin to introduce and promote more quality products sourced from its differentiated supply chain.
- As part of this event, Yunji Founder and CEO Shanglue Xiao made a guest appearance and introduced a number of select goods to the audience.
- Notably, Yunji has generated a cumulative GMV of RMB170.0 million through the three live streaming events it has hosted on Douyin to date.