GUANGZHOU, China, Sept. 10, 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 contemporary, trendy and future manufacturers to younger folks in China and throughout Asia, at present introduced that its 2021 Magnificence Carnival procuring competition achieved one other milestone and generated a complete of Gross Merchandise Quantity (“GMV”) settled on all the Firm’s e-commerce and offline channels of RMB222 million throughout the first three-days. Referred to as “China’s Black Friday”, the Magnificence Carnival is considered one of Onion International’s key procuring festivals for international manufacturers in China. The success of this competition is a key engine driving the income of the Group bringing collectively tons of of hundreds of customers. This yr’s occasion noticed 4,239 manufacturers collaborating, of which 28 are personal label manufacturers. The Magnificence Carnival began on September 8, 2021 and can finish on September 16, 2021.
Highlights from the 2021 Magnificence Carnival procuring competition
- The overall GMV generated throughout the first three days was RMB222 million, and the whole variety of orders was over 440 thousand.
- 4,239 manufacturers participated in Magnificence Carnival this yr, of which 28 are personal label manufacturers.
- The GMV generated from personal label manufacturers was RMB1.9 million.
- O’Mall platform sourced greater than 450 thousand SKUs from 34 nations/areas throughout the first three days of the Magnificence Carnival this yr.
Mr. Cong (Kenny) Li, Founder and CEO of Onion International, commented, “‘Crush On a New Life’ is the theme of our Magnificence Carnival procuring competition this yr, and as we proceed to develop the occasion it has more and more develop into seen as China’s model of a ‘Black Friday’ procuring competition. We additionally supply probably the most favorable costs to draw extra customers and enhance our consumer engagement. Lastly, we’re differentiated from different platforms as we are able to allow our KOCs to work together with their followers and introduce new manufacturers to customers by telling the essence of their model tales reside. As we transfer ahead, we’re reviewing potential alternatives to put money into and develop operational capabilities within the digital procuring house, which can additional improve our potential to supply customers with new and complete procuring expertise. With the fast growth of telecommunication applied sciences akin to digital actuality (VR) and superior actuality (AR), we imagine that the mode of consumption will progressively transition in direction of the digital world within the type of VR and AR, as customers proceed to hunt contemporary procuring experiences sooner or later.”
Protected Harbor Assertion
This press launch incorporates forward-looking statements. These statements are made underneath the “secure 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, common statement of the business and enterprise outlook, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties and quite a lot of components might trigger precise outcomes to vary materially from these contained in any forward-looking assertion. In some circumstances, forward-looking statements will be recognized by terminology akin to “might,” “will,” “expects,” “anticipates,” “goal,” “intention,” “future,” “intends,” “plans,” “believes,” “potential,” “estimates” “proceed,” “is/are more likely to,” or different related statements. Additional info concerning these and different dangers is included in Onion International’s filings with the SEC. All info offered 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 contemporary, trendy and future manufacturers, which we discuss with as “3F manufacturers,” to younger folks in China and throughout Asia. The Firm’s mission is to be the dream manufacturing facility of life-style manufacturers for younger folks. The Firm’s platform providing an built-in answer to develop, market and distribute new and galvanizing branded merchandise, thereby reshaping the approach to life procuring and client tradition in China. Onion International Restricted has been listed on New York Inventory Change since Might 2021.
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Investor Relations Contact
Onion International Ltd.
Mr. Eric Yuan
In United States:
Ms. Linda Bergkamp
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SOURCE Onion International Restricted