GUANGZHOU, China, Sept. 15, 2021 /PRNewswire/ — Onion International Restricted (“Onion International”, the “Group” or the “Firm”) (NYSE: OG), a next-generation life-style model platform that incubates, markets and distributes the world’s recent, modern and future manufacturers to younger individuals in China and throughout Asia, at present introduced that it introduced on the TradeUP Autumn E-Commerce Funding Convention on September 15, 2021.
The consultant shared enterprise insights and outlined the Firm’s sturdy capabilities of brand name administration and omni-channel operations. “As a brand-new e-commerce platform within the new e-commerce period, Onion International has achieved extraordinary outcomes by providing a variety of tailor-made providers, having intensive and increasing advertising channels, along with market main model incubation capabilities. We cooperate with strategic model companions and third-parties in working their manufacturers whereas additionally working our personal in-house personal label manufacturers. We now have a complete of 4,195 manufacturers on our platform as of the top of June, up from 2,904 on the finish of 2019. The speedy enhance within the variety of manufacturers working with us speaks to our sturdy talents in new model incubation and model administration, underpinned by our in-depth client curiosity analysis, steady model R&D funding, and our deep cultivation of omni-channel operations in each key opinion shoppers (KOCs) personal visitors and the general public area visitors swimming pools.”
“One main benefit that differentiates Onion International from the remainder of the e-commerce platforms is our potential to faucet into big personal area visitors swimming pools, which is very necessary within the context of the brand new e-commerce period the place information has now grow to be extra fragmented and diversified. As of the top of second quarter 2021, we have now an in depth neighborhood of over 730,000 KOCs, who creates impressions inside their respective social community influencing shoppers by way of vogue traits, life high quality and buy choices”, the consultant continued. “By analyzing the huge depth of knowledge that we possess on shoppers’ shopping for habits and preferences from our dynamic interplay with them, we have now constructed a powerful model database with sturdy monetization capabilities.”
“Moreover, we have now additional accelerated enterprise development by leveraging our omni-channel advertising technique. Our 2021 Magnificence Carnival Buying Pageant in early September generated a spectacular end result with a complete GMV of over RMB222 million going by way of our omni-channels through the first three days. With the assistance of our 730,000+ KOCs selling the manufacturers on social media and interacting with their followers, the manufacturers on the Pageant reached tons of of tens of millions of customers at an exponential pace.” The consultant added, “As well as, we have now actively utilized large information in producing extra income alternatives, by way of analyzing the consumption information we possess, we have been in a position to develop private-label manufacturers that exactly goal the consumption wants of our customers. As such, the overall variety of our private-label manufacturers elevated to 27, with GMV up 198% year-on-year through the first half of 2021. And naturally, our spectacular development is underpinned by our efficient provide chain community, the place we dealt with as much as 2.5 million parcels within the first half of this yr, a few of which have reached our prospects inside 24 hours on the earliest”.
“Onion International has now grown to grow to be a model administration firm with an entire model matrix that integrates omni-channel advertising and distribution options. Transferring ahead, the Firm will additional develop its enterprise by rising its sturdy model database, enhancing its channels, sticking to the worldwide enlargement technique, and additional investing in know-how and innovation”, commented by the consultant.
Secure Harbor Assertion
This press launch incorporates forward-looking statements. These statements are made underneath the “protected harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. Statements that aren’t historic info, together with statements in regards to the Firm’s beliefs and expectations, the Firm’s forecasts, normal statement of the trade and enterprise outlook, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties and plenty of elements might trigger precise outcomes to vary materially from these contained in any forward-looking assertion. In some instances, forward-looking statements will be recognized by terminology akin to “might,” “will,” “expects,” “anticipates,” “goal,” “goal,” “future,” “intends,” “plans,” “believes,” “potential,” “estimates” “proceed,” “is/are more likely to,” or different comparable statements. Additional data relating to these and different dangers is included in Onion International’s filings with the SEC. All data supplied on this press launch and within the attachments is as of the date of this press launch, and Onion International doesn’t undertake any obligation to replace any forward-looking assertion, besides as required underneath relevant regulation.
About Onion International Restricted
Onion International Restricted (NYSE: OG) is a next-generation life-style model platform that incubates, markets and distributes the world’s recent, modern and future manufacturers, which we check with as “3F manufacturers,” to younger individuals in China and throughout Asia. The Firm’s mission is to be the dream manufacturing unit of life-style manufacturers for younger individuals. The Firm’s platform providing an built-in answer to develop, market and distribute new and galvanizing branded merchandise, thereby reshaping the life-style buying and client tradition in China. Onion International Restricted has been listed on New York Inventory Alternate since Could 2021.
For extra data, please go to: http://ir.msyc.com/.
Investor Relations Contact
Onion International Ltd.
E-mail: [email protected]
Mr. Eric Yuan
E-mail: [email protected]
In United States:
Ms. Linda Bergkamp
E-mail: [email protected]
SOURCE Onion International Restricted