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home / news releases / BABA - Yunji Challenged To Grow Marketplace Revenue In 2020

BABA - Yunji Challenged To Grow Marketplace Revenue In 2020

Alibaba Group Holding Limited American Depositary Shares each representing one

Quick Take

Yunji (YJ) went public in May 2019, selling 11 million ADSs for $11.00 each for gross proceeds of $121 million.

The firm operates a social e-commerce site for consumers purchasing products online in China.

In 2019, YJ changed its business model to focus on marketplace revenue instead of on membership revenue, creating a large reduction in revenue.

My bias on the stock is Neutral until management can demonstrate significant marketplace revenue revenue growth.

Company

Hangzhou, China-based Yunji was founded in 2015 to develop a social e-commerce platform in China with a

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Stock Information
Company Name: Alibaba Group Holding Limited American Depositary Shares each representing one
Stock Symbol: BABA
Market: NYSE
Website: alibabagroup.com
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