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Briefing Aug 13, 2020 04:41 pm EqualOcean

E-Commerce SaaS Company Youzan Debuts International Version Products

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Aug 13, 2020 05:38 pm ·

'China's Shopify' Youzan Debuts E-Commerce SaaS for Oveseas Retailers

The Hong Kong-listed e-commerce Software-as-a-Service (SaaS) company Youzan (08083:HK) has launched a product for overseas users and has started to attract users to take part in internal testing. Youzan was founded in 2012 when the 'mobile internet' wind swept over China. The company provides e-commerce SaaS solutions inside the ecosystem of WeChat, China's mega app owned by Tencent (00700:HK).  Its services include assisting retailers in building their shopping sites, order management, tracking, marketing and other services. Unlike Shopify (SHOP:NYSE), which runs independently without relying on any tech-giant-controlled ecosystem, Youzan's business is bound tightly with WeChat, though now it has stretched out to seek some independence while integrating AliPay services into its system. The WeChat environment is big enough to support two e-commerce SaaS companies: one is Youzan and the other is Weimob (02013:HK). Functioning as an SaaS services provider and an e-marketplace, Youzan generates revenue from SaaS and add-on services fees and transaction fees. The company reported an earning of CNY 597 million (USD 86 million) from SaaS and add-on services in the first half of 2020, with a year-on-year growth of 89.5%; transaction fee generated CNY 203 million (USD 29 million) in the same period, with a year-on-year increase of 41.0%. Due to the boosted digitalization process amid the pandemic, Chinese SaaS companies have seen high growth.

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Jun 10, 2020 03:22 pm · tmtpost

Youzan Completes Investment in Guang Holdings

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Jun 7, 2020 04:50 pm · iyiou

Youzan Releases the ‘Cloud Stall’ Support Plan

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Announcements
May 11, 2020 12:00 am · Youzan

Announcement of first quarter results for the three months ended March 31, 2020

Announcement: Click here
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Sep 28, 2020 04:14 pm ·

Alibaba's DingTalk Re-Structures, CEO Leaves

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Sep 27, 2020 03:55 pm · Jiemian

AI Unicorn Megvii to Resume IPO and Consider Dual Listing

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