Yunji announces fourth quarter and fiscal year 2021 unaudited financial results and us$20 million share repurchase program

Hangzhou, china, march 17, 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 fourth quarter and fiscal year ended december 31, 2021 [1] and the authorization by its board of directors of a us$20 million share repurchase program. fourth quarter 2021 highlights total revenues in the fourth quarter of 2021 were rmb471.4 million (us$74.0 million), compared with rmb1,327.4 million in the same period of 2020, primarily due to the company's strategy to refine its product selection across all categories and carefully curate products to implement its megahit product pool initiative focusing on the development of private labels and exclusive products.
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