Yunji announces second quarter 2022 unaudited financial results

Hangzhou, china , aug. 25, 2022 /prnewswire/ -- 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, 2022 1. second quarter 2022 highlights total revenues in the second quarter of 2022 were rmb284.0 million (us$42.4 million), compared with rmb570.7 million in the same period of 2021, primarily due to the negative impact of the outbreaks of the highly-transmissible delta and omicron variants of covid-19 in the first half of 2022 on the company's operations and the company's continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, causing near-term decreases in sales.
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