Yunji announces the signing of a cooperative framework agreement with douyin

Hangzhou, china, nov. 25, 2020 (globe newswire) -- yunji inc. (“yunji” or the “company”) (nasdaq: yj), a leading membership-based social e-commerce platform, today announced that it has signed a cooperative framework agreement (the “agreement”) with douyin, a leading chinese live streaming platform owned by bytedance. the agreement's establishment is in line with the company's strategy of exploring the live streaming potential of external platforms in such areas as product supply chain, e-commerce streamer resources, and platform traffic.
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