Yunji Inc: Soars after first live streaming show on Douyin

Yunji

30/09/2020 12:20

** Chinese e-commerce company's shares  YJ.O  jump 39.4% to
2.4 premarket
    ** Says it generated $12.9 mln (RMB 87.5 mln) in gross
merchandise value during its first-ever live streaming show on
Sept. 25 on Douyin  urn:newsml:reuters.com:*:nGNX3NYJSj
    ** Co says its show registered 10.7 mln views on the Chinese
live streaming platform owned by Bytedance, the parent company
of TikTok
    ** YJ's product offerings included home appliances, snacks,
personal care and cosmetics
    ** "In the remainder of 2020 and beyond, we will continue to
expand our live streaming capabilities and increase consumer
access to our products through a broader range of
platforms"-Yunji CEO
    ** Up to Tuesday's close, stock down ~61% YTD 

 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;))