Yunji Announces Second Quarter 2019 Unaudited Financial Results
Yunji Inc. - American Depository Shares (YJ)
Last yunji inc. - american depository shares earnings: 3/24 05:30 am
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Source: GlobeNewswire
HANGZHOU, China, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the second quarter ended June 30, 20191. Second Quarter 2019 Highlights GMV2 in the second quarter of 2019 increased by 46.4% year over year to RMB8.2 billion (US$1.2 billion) from RMB5.6 billion in the same period of 2018, primarily due to an increase in GMV from the marketplace business, which recognizes revenues on a net basis and contributes to marketplace revenues. GMV related to the marketplace revenues in the second quarter of 2019 was RMB 2.2 billion (US$ 0.3 billion), compared with nil in the same period of 2018. Total revenues in the second quarter of 2019 was RMB3,064.1 million (US$446.3 million), compared with RMB3,255.6 million in the same period of 2018, primarily due to a decrease in revenues from sales of merchandise, which recognizes revenues on a gross basi
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