Yunji announces first quarter 2022 unaudited financial results

Hangzhou, china , may 31, 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 first quarter ended march 31, 2022 [1]. first quarter 2022 highlights total revenues in the first quarter of 2022 were rmb342.6 million (us$54.0 million), compared with rmb675.4 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 early 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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