Yunji: Gains on agreement with Bytedance-owned Douyin

Yunji

25/11/2020 15:54

** Shares of e-commerce platform  YJ.O  up 14.45% at $4.91,
after co signed agreement with Douyin, a leading Chinese live
streaming platform owned by Bytedance
    ** Under agreement, co will use its online store and video
account on Douyin to promote its products  urn:newsml:reuters.com:*:nGNX4Rgyyp
    ** Earlier in September, YJ generated 10.7 mln views and
87.5 mln Chinese yuan ($13.31 mln) in gross merchandise value
during its first-ever live streaming show on Douyin  urn:newsml:reuters.com:*:nGNX3NYJSj
    ** Stock has fallen 0.76% so far this year  
    


($1 = 6.5760 Chinese yuan renminbi)

 (Reporting by Rithika Krishna)
 ((Rithika.Krishna@thomsonreuters.com;))