Recently, the selected e-commerce platform Yunji announced its unaudited financial performance for the second quarter of the 2024 fiscal year as of June 30, 2024. This quarter, Yunji achieved a total revenue of 106 million yuan, with a year-on-year decrease of 33.9% in total operating expenses to 73.23 million yuan.
In the second quarter, we will continue to focus on short videos and strengthen the integration of online and offline businesses. Going forward, Yunji will further optimize its product portfolio and provide diversified services to better meet its user base and increase repeat purchase rates, "said Xiao Shanglue, Chairman and CEO of Yunji
The current financial situation is sufficient to support the advancement of our strategic initiatives. We will regularly evaluate the profitability of new and existing businesses and make prudent adjustments based on market changes, "said Cui Yeqing, Senior Financial Director of Yunji.