transcosmoss affiliated company UNQ, a leading Chinese e-commerce solutions provider launches IPO in HKEX main board
Summary
UNQ runs both domestic e-commerce and cross-border e-commerce businesses on mainstream and emerging e-commerce platforms such as Tmall, 京東 (JD.com), Kaola, RED (小紅書), Pinduoduo (拼多多), and more. As of the end of June, 2021, the company operated a total of 88 online stores and provied e-commerce solutions to 66 brands , among which 58 were from Japan. According to a major Chinese consulting company 灼識諮詢 (CIC) report, the market size of the Japanese-branded FMCG that includes cosmetics and personal care products reached RMB73.3 billion (approximately JPY1.2 trillion , Calculated at 1 CNY = 17 JPY, the same applies hereafter) in the China e-commerce market in 2019, and UNQ ranked first among e-commerce solutions providers in China in terms of GMV (Gross Merchandise Value) with a market share of 5.5%. UNQ Group overview Representative: Wang Yong Founded: 2010 Business: e-commerce business for the China market Employees: 732 (as of December 31, 2020) Principle locations: Shanghai (China headquarters), Beijing, Hangzhou, Guangzhou, Tokyo, Hong Kong URL http://www.youquhui.com/En transcosmos supports companies expanding from Japan to China market by providing e-commerce services in line with the local market In partnership with UNQ, we will continue to strengthen our alliance with UNQ, and strongly promote a direct sales model that sells the excellent products of our client to the China market. *This press release is for information purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities.