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PR Newswire

Having Committed to Growth in the New Year, Unicoeye Accelerates Its Online Expansion

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WHIPPANY, N.J., Jan. 13, 2023 /PRNewswire/ — Unicoeye, an online retailer of colored contact lenses, is entering the new year with the ambitious goal of accelerating its online expansion. The company is committed to achieving growth in 2023 and is taking the necessary steps to ensure this goal is met. This includes focusing on new strategies to help increase its online presence, such as price adjustments and product promotions. Additionally, Unicoeye has shared some advice for consumers considering colored contact lenses.

Having Committed to Growth in the New Year, Unicoeye Accelerates Its Online Expansion
Having Committed to Growth in the New Year, Unicoeye Accelerates Its Online Expansion

Always insisting on putting customers first, Unicoeye stood out from many competitors in just a few years, and quickly became one of the most popular colored contact lens brands with vibrant original patterns and unique color combinations. As a professional colored contact lens brand, Unicoeye provides FDA-approved colored contacts shipped straight from their US warehouse, making sure customers receive their purchases within 2–6 days. For those looking for high-quality colored contact lenses at a reasonable price, lenses from Unicoeye are an excellent choice. Not only are they affordable, but they are also completely safe to wear. 

Likes and support from consumers motivate this brand to keep going and focus on delivering the best possible products and services. To achieve its planned online expansion, Unicoeye has decided to start by adjusting product prices and hosting promotions. Since January, the brand has lowered the prices of hot products on its website by up to 40%, with prices ranging from $9.99 to $16.99. It is worth mentioning that the brand is not reducing product quality to achieve this price reduction; on the contrary, they have been working hard to provide even better quality lenses. Further, multiple simultaneous promotions will allow customers to enjoy increased discounts on top of reduced prices. Anyone looking to temporarily change their eye color or enhance their makeup looks can visit the Unicoeye website for the most competitive prices.

“We hope those sales can help us build a good relationship with customers and also help spread awareness of our brand,” said the Unicoeye team. “With the right approach, we are confident that we can reach our goals of online expansion and overall growth this year.”

With the rise in popularity of colored contact lenses, it’s becoming commonplace to see them all over social media, worn by cosplayers, makeup artists, and countless other influencers. However, Unicoeye has noted that a certain fact about colored contacts needs to be more widely discussed, understood, and taken seriously. The Food and Drug Administration (FDA), a regulatory agency that creates guidelines for the protection of public health, requires colored contact lens vendors to be registered on their website due to the fact that colored contact lenses are considered medical devices. This means that those vendors must receive prior FDA authorization for their products to enter the U.S. and be commercially distributed. According to FDA regulations, compliance with registration can facilitate the supervision of a vendor’s products and allow consumers to report product-related problems and complaints. Therefore, it is important for colored contact lens brands to have FDA approval.

Unfortunately, some retailers sell colored contact lenses that do not meet the strict quality requirements established by the FDA. It is illegal to sell these lenses in the United States as they aren’t FDA-approved and may lead to eye infections and even cause blindness in severe cases after wearing them. Unicoeye, in addition to providing safe and FDA-approved lenses, also prioritizes its customers’ vision health by raising awareness of colored contact lens safety. For example, they recently shared an easy way for consumers to quickly verify whether the colored contact lenses they’ve purchased are FDA-approved: check whether the lenses are being shipped from the US. If they are shipped from a non-US warehouse or take weeks to arrive, this can be a sign that they are not FDA-approved.

Colored contacts are a great way to change up or enhance one’s look, but be sure to use colored contacts that the FDA approves to avoid eye injury. Unicoeye urges people interested in colored contacts to do thorough research before purchasing any lenses not directly provided by a pharmacy.

January Promotion Details:

-Buy 2 Get 1 Free
-Buy 3 Get 3 Free
-Buy 5 Get 6 Free

About Unicoeye

Unicoeye is a professional colored contact lens brand with a keen sense of fashion. Since its inception in 2019, the company has always been dedicated to providing safe and well-made products to every customer. Unicoeye insists on making eye health a top priority, using “sandwich printing” technology in their lenses to protect customers’ vision, and providing consumers with an FDA-approved purchasing experience.

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PR Newswire

UniPin’s Latest Loyalty Program Gives Users Generous Bonuses in 2023!

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KUALA LUMPUR, Malaysia, Jan. 6, 2023 /PRNewswire/ — UniPin, the leading digital entertainment enabler in Southeast Asia, continues its commitment to innovate and provide the best service for its users. Starting this new year, UniPin presents a new loyalty program that will bring user’s experience to the next level.

Starting this new year, UniPin presents a new loyalty program that will bring user’s experience to the next level. The higher the level, the more opportunity the users have to exchange points for various attractive prizes.
Starting this new year, UniPin presents a new loyalty program that will bring user’s experience to the next level. The higher the level, the more opportunity the users have to exchange points for various attractive prizes.

In the latest loyalty program, UniPin categorizes members in four new different levels: Casual, Legendary, Challenger, and Immortal. Each level has a different advantage according to the predetermined number of points. To be able to maintain membership status, users must make UniPin Credits purchase transactions within a six-month period.a

On this launch perioed, users who have just registered for a UniPin account will automatically get 8,000 points and become Casual level members. From there, users can continue to level up by topping up their UniPin Credits as much as possible. UniPin will also reward 16,000 points on the user’s birthday according to the date that is displayed in the identity section. When reaching the Legendary, Challenger, or Immortal level, users automatically get 16,000 bonus points for leveling up. 

The higher the level, the more opportunity the users have to exchange points for various attractive prizes, such as exclusive UniPin merchandise, food and beverage vouchers, fuel vouchers, gaming peripherals, gaming laptops, smartphones, gaming chairs, and various other prizes.

Points that have been accumulated are only valid until a maximum of December 31st each year. Points not used on that date will be forfeited and member points will be reset. However, the membership level will remain in accordance with the level that has been reached.

The first phase of UniPin loyalty program will be launched in five countries namely Indonesia, Malaysia, the Philippines, Thailand, and Turkiye, and will be rolled out in other countries as soon as possible.

So what are you waiting for? Immediately register for a UniPin account and get tons of benefits. All detailed information related to UniPin, collaborations, and ongoing promos, can be officially accessed on unipin.com

For media inquiries  

Kezia Maharani 

Media Relations 

pr@unipin.com

PR Newswire

Topping the TV Industry in Indonesia, coocaa Theme Campaign Hot Nationwide

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JAKARTA, Indonesia, Dec. 25, 2022 /PRNewswire/ — In 2022, coocaa TV has become the top-selling TV brand in the Indonesian market, successfully leading the TV industry in Indonesia. coocaa is a leader in terms of high-end quality. Since its launch in Indonesia, coocaa TVs have found their way into many Indonesian households, with more than 1.8 million Indonesian users having chosen to buy a coocaa TV. coocaa has consistently been No.1 in online sales among major e-commerce platforms, outperforming similar brands in the market. During the recent 12.12 promotion, coocaa has continued to lead sales on all platforms and channels, maintaining its foothold as number one, closing the door on other competitor brands. coocaa has delivered the extremely excellent products and sincere services possible to Indonesian consumers with its exquisitely designed TVs possessing high-end technology.

Topping the TV Industry in Indonesia, coocaa Theme Campaign Hot Nationwide
Topping the TV Industry in Indonesia, coocaa Theme Campaign Hot Nationwide

In celebration of the fact that coocaa is still the leader in sales across all platforms and channels, coocaa has launched a series of online and offline thematic marketing activities to provide consumers the opportunity to learn more about the brand. As regards online marketing, coocaa created a magical choreographed dance and song, which went viral on major Internet social media platforms and attracted numerous celebrities and fans who have gone on to make their own quality imitations of it; offline, coocaa was featured on Ukrida LED Billboard, and was also displayed on the expansive LED screens of selected trucks, which traveled around the center of Jakarta, making stops at various landmarks and shopping areas. The interest-drawing promotional content, coupled with the online and offline linkage communication, left coocaa fans with a deeper impression and understanding of the brand, highlighting the characteristics of the brand as young, hip and cool with its own unique style.

For those who missed out on the 12.12 promotion, there is no need to worry as coocaa will continue with its launch of the Pay Day promotion on all platforms from December 25th to 30th. There will be free orders, exclusive vouchers, and cashback for Indonesian fans and users. So please keep on the lookout for those and other future activities, and we look forward to people’s active participation.

coocaa related platforms:

1. TikTok: https://www.tiktok.com/@coocaaindonesiaofficial

2. Shopee: http://bit.ly/3hvZPOP

PR Newswire

Vipshop Retains an A from MSCI ESG Ratings for Its Efforts in Sustainability

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GUANGZHOU, China, Dec. 23, 2022 /PRNewswire/ — Vipshop Holdings Limited (NYSE: VIPS), one of China’s leading online discount retailers, recently announced that its ESG-related performance has been recognized by major rating agencies in the capital market. The company retained an “A” from MSCI ESG Ratings in 2022, above the average for the e-commerce sector. The discount retailer also obtained a score of 46 in the Dow Jones Sustainability Index (DJSI), as a top player in the global retail sector, with outstanding performance in the rating components for Product Packaging and Supply Chain Management.

Vipshop Headquarters Building
Vipshop Headquarters Building

This year, Vipshop strengthened its ESG-related efforts on all fronts. In terms of the environment, the company has established a special leadership team to ensure the effective implementation of its energy conservation and carbon reduction plans by developing a comprehensive environmental management system and a top-down operation mechanism. The company expanded its big data resources, and streamlined the platform support systems, logistics and warehousing, to help brand partners and suppliers improve their operational efficiencies and curb energy consumption, alongside an integration of their decreased energy use with their carbon reduction efforts across the value chain.

In the third quarter of 2022, for the first time, the company conducted a systematic assessment of the feasibility of a sustainable and green carbon reduction roadmap, taking a holistic look at decarbonization opportunities along the value chain. It implemented the use of new lightweight and environmentally-friendly color bags, cutting plastic consumption by 123 tons, while continuing to increase the utilization of clean energy, with the total power generation capacity of photovoltaic power plants rising by 11.4% year-on-year.

Seeking to create a better working environment, the company provides equal work opportunities for all employees and stimulates their potential through a comprehensive career enhancement system, with the aim of achieving mutual benefits for Vipshop and its employees. In 2021, the company’s investment in employee training increased by 68.57% year-on-year, with total training hours exceeding 130,000. As for social responsibility and public service, Vipshop has deepened its efforts in the empowerment of women, rural revitalization, pandemic prevention and control, community integration, and volunteer services through a series of flagship public service projects including the V-Love Mothers, V-Love Charity Program, V-Love Workshop and VIP Love Aid for Agriculture programs, with total investment having reached RMB470 million as of the end of the third quarter of this year.

Taking a look at corporate governance, according to the ESG report released by the company in July 2022, Vipshop had created a three-tier social responsibility management structure consisting of an ESG working group, a focal point and an executor to clearly identify and assign social responsibility management tasks at all levels. As an important part of its CSR management practices, the company attaches importance to the expectations and demands of stakeholders and integrates them into its daily operations.

In line with meeting China’s goals to achieve carbon peak by 2030 and carbon neutrality by 2060, ESG has been taken on substantial importance in the Chinese market and has become a new benchmark for appraising the quality and sustainable development capabilities of Chinese companies.

According to A Leapfrog Moment for China in ESG Reporting white paper produced collaboratively by the World Economic Forum and PwC China, China’s listed companies are increasingly familiar with both the challenges and benefits of ESG reporting. ESG reporting in China is at an inflection point, with a surge of activities from regulators, exchanges, investors and corporate leaders.

The boom in ESG management in China has boosted the overall ESG performance of Chinese companies. MSCI-ESG Ratings data shows that, in recent years, more Chinese companies have emerged among the top performers with A-AAA ratings. In the foreseeable future, Chinese companies and the Chinese market may have a more profound impact on global ESG development.

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PR Newswire

Five Types of Shoppers You’ll Find This Holiday Season (and the Cyberscams They Must Watch Out For)

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JAKARTA, Indonesia, Dec. 22, 2022 /PRNewswire/ — With the holidays around the corner, we’re smack in the middle of every shopper’s favourite season. Big sales days like Singles’ Day, Black Friday, Cyber Monday, and 12.12 all offer many great opportunities for shoppers to get their fill of good deals.

Akamai Technologies, Inc., the cloud company that powers and protects life online, shares five common shopper profiles observed during the year-end shopping period and the cyberscams they should watch out for to help consumers and businesses identify potential blind spots, and learn how to protect themselves this holiday season.

“The number of cyber-attacks continues to rise and mutate all the time. In 2022, the most alarming has been the sharp increase in malicious bot attacks, where we recorded a three-fold increase of such attacks. What this means for the retail industry is the likelihood of increased credential stuffing, where attackers use lists of compromised user credentials to breach into a system and data scraping attacks, the process of importing information from a website into a spreadsheet or local file saved on your computer.” said Dean Houari, Director of Security Technology and Strategy, APJ, Akamai.

“It is no surprise that attackers are looking to take advantage of the flurry of peak retail activity online during the extended shopping festival season since there’s much to gain financially, especially in Asia that accounts for approximately 60 percent of global ecommerce sales. It’s essential that both shoppers and retailers work together to learn how to watch out for scams and protect themselves,” he continued.

FIVE TYPES OF YEAR-END SHOPPERS

1.     THE PLANNER
You can spot a planner miles away! Planners have their presents wrapped and ready, months before the holidays. Making and planning purchases well ahead of time, Planners often save their credit card information, log ins and other personal information on shopping sites.

Most likely to fall for: Credential Stuffing
During such attacks, attackers use lists of compromised user credentials to breach into a system via malicious bots, based on the assumption that many users reuse usernames and passwords across multiple services.

Tips to protect against credential stuffing:

  • Be wary of saving payment details on merchant websites. While this may be convenient, it can leave data vulnerable if the merchant is breached.
  • Practice good password hygiene, by setting up different passwords for different sites. Better yet – use a password manager to set up unique, difficult-to-guess passwords.

2.     THE LAST-MINUTE SCRAMBLER
The opposite of Planners, Last-Minute Shoppers often remember its sale day on 11.11 or 12.12 itself, just before the clock strikes midnight. They snag their deals, but it’s always down to the wire for them!

Most likely to fall for: Phishing
In their rush, the Last-Minute Shopper is likely to accidentally click on untrustworthy links and fall prey to phishing scams. What appears to be an email from a reputable retailer with a coveted discount may be fraudulent, but the last-minute shopper doesn’t have time to check.

With the rise of online marketplaces, this is becoming more common. Earlier this year, Singapore’s most popular peer-to-peer sales platform was affected when attackers posing as legitimate buyers directed victims to a fake bank website where they would be asked to give their banking details to receive payment. This resulted in at least 72 people losing over $109,000. 

Tips to protect against phishing

  • Verify the validity of sites before clicking on them or providing any personal information.
  • If emails are unsolicited, be alert to any potential errors. Do not proceed if it includes wrong information, or requests to enable macros, adjust security settings or install applications.

3.     The Bargain Hunter
The price point is the most significant purchase consideration for these shoppers, who would sift through various sites to get a substantial deal.

Most likely to fall for: Social Engineering Attacks
Bargain hunters would be likely to click on spoofed emails or accept malicious extensions that function as price comparison tools.

Attackers prey on buyer’s eagerness for a good deal by sending them fake offers that request for their personal data on a page, even impersonating legitimate tools like Google Analytics or Google Tag Manager to compromise code and steal valuable information, impacting shopping sites.

Tips to protect against social engineering attacks

  • Always verify the validity of the offer and the legitimacy of the sender.
  • Use a good spam filter for emails, as a first barrier of defence against suspicious files and links.

4.     The Impulse Buyer
Driven solely by emotions, impulse shoppers often do not have a specific product in mind before placing an order. They often respond to time pressure to access a coveted item on a limited time offer, at a price too good to refuse.

Most likely to fall for: Brand Impersonation Attacks
Via fraudulent links, cybercriminals impersonate popular brands, tricking victims into sharing personal information, buying contraband products, visiting a fake website, downloading malware, and more. Exacerbating these trends is social media, where attackers can easily impersonate brands, engage with customers seeking to purchase items, and request for their personal details.

Tips to protect against brand impersonation

  • Scrutinize links provided in emails and be on high alert if they are not pointing to the correct location or direct to a third-party site not affiliated with the brand.
  • If in doubt, reach out to the brand on their official channels to verify offers before clicking on any links to make payments. Make sure to check that accounts are verified.

5.     The Researcher
Researchers extensively compare products and offers before purchasing. They often have various browser extensions installed on their browsers to make quick comparisons.

Most likely to fall for: Extension Malware Attacks 
Cybercriminals hide viruses behind add-ons, which can then install adverts, gather users’ browsing history, and seek login credentials by impersonating famous apps and extensions. Malicious extensions could go undetected especially if security software programs treat known extensions as trusted applications.

Most recently, attackers have been using information-stealing malware like FB Stealer, which mimics the harmless and standard-looking Chrome extension Google Translate, to prey on users. Financially motivated, attackers after effectively locking a user out of their Facebook account, abuse access to ask the victim’s friends for money.

Tips to protect against extension malware attacks

  • Only install extensions from official Web stores.
  • If permissions that extensions require even before installing seem suspicious, it’ll be best not to install them.

Retailers must do their part too!
For a cybersafe shopping experience, retailers have a part to play as well.

Attacks on popular retail behemoths in the last few years have revealed important lessons for merchants. Prevention is better than cure. Taking proactive steps to monitor potential threats and being ready to block unauthorised access and keep shoppers safe throughout their retail experience is essential.

“As web traffic increases, attackers similarly increase their attacks. Case in point,  malicious bot attacks tripled during Single’s Day last year. These attacks could, immediately or in future, drain customer accounts, damage site functionality, and hold encrypted data ransom — all at enormous costs to businesses,” explained Houari.

“To ensure loyalty long term, retailers must make every effort to keep shopper data safe. This could include deploying a bot solution to stop credential stuffing attempts early and using password managers and multi factor authentication to secure users,” he concluded.

About Akamai
Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. With the world’s most distributed compute platform — from cloud to edge — we make it easy for customers to develop and run applications, while we keep experiences closer to users and threats farther away. Learn more about Akamai’s security, compute, and delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on Twitter and LinkedIn.

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Source: Akamai Technologies, Inc.

PR Newswire

Case study collection unveils Gansu’s development in past decade

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BEIJING, Dec. 16, 2022 /PRNewswire/ — A news report by China.org.cn: A collection of case studies highlighting best poverty alleviation and rural development practices that have been implemented in Gansu province over the past 10 years known as “Building a Better Life in China: Gansu Practice” was unveiled.

On Dec. 15, a collection of case studies highlighting best poverty alleviation and rural development practices that have been implemented in Gansu province over the past 10 years known as “Building a Better Life in China: Gansu Practice” was unveiled at the online South-South Cooperation Dialogue on Rural Youth Development Invigorated by E-commerce event.

Located in western China and home to the upper reaches of the Yellow River, the administrative area had a poverty rate of 26.5 percent, or 6.92 million people, in 2012.

“Once one of the most impoverished areas in China, Gansu province achieved the dream of eliminating poverty on schedule through arduous efforts,” Carlos Watson, FAO representative to the People’s Republic of China, remarked. “Its experience demonstrates that strong government leadership, innovative approaches and technologies, and development models involving undertakings such as dryland farming and e-commerce have the ability to effectively promote and facilitate poverty reduction and rural vitalization and are enlightening for other developing countries.”

Capturing aspects of China’s development in the new era, the 10 sustainable development solutions contained in the book vividly depict methods Gansu has used to reduce extreme poverty and improve living standards in its borders for readers around the world and cover areas such as specialty foods, water resources, ecological restoration, rural education, cultural preservation, intangible cultural heritage and development of characteristic industries.

WFP has been participating in, contributing to, and witnessing the agricultural and rural development and poverty reduction that have been occurring in China, noted Dr. Qu Sixi, representative and country director of WFP China. “We are willing to strengthen cooperation with Gansu province, explore innovative methods of achieving sustainable agricultural development and general rural development with it, and share successful experiences achieved and applicable practices employed in Gansu and other parts of China with other developing countries in order to help them improve food security and nutrition.”

Chinese and English versions of the case studies were compiled by the Information Office of the Gansu Provincial People’s Government and the Global Center on Development Knowledge Sharing – a thinktank that was co-established by China Internet Information Center (CIIC) and the Academy of Contemporary China and World Studies (ACCWS) and operates under the supervision of their parent company, China International Communications Group (CICG).

“All the people living in rural parts of Gansu who were impoverished have escaped from poverty,” explained Zhang Binqiang, head of the Information Office of Gansu Provincial People’s Government. “The problem of absolute poverty, which has plagued us for hundreds of years, has come to a historic resolution. I believe that our experience in the building of a moderately prosperous society in all respects can serve as useful wisdom and reference for the international cause of poverty reduction on top of the profound impact that has been made in China.”

The South-South Cooperation Dialogue on Rural Youth Development Invigorated by E-commerce was co-organized by the World Food Programme Centre of Excellence in China (WFP China COE) in collaboration with AliResearch with support from the Ministry of Agriculture and Rural Affairs of the People’s Republic of China (MARA). The event was designed to facilitate sharing of developing countries’ experiences with e-commerce and corresponding good practices and provide a platform for young entrepreneurs to discuss and explore this important topic and exchange useful information.

Case study collection unveils Gansu’s development in past decade
http://p.china.org.cn/2022-12/15/content_85014067.htm

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PR Newswire

Yiwugo.com indices: “Down jacket” made the top 10 searches, with 45%+ YoY increase in trading volume

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YIWU, China, Dec. 7, 2022 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The world’s attention is focused on Qatar for the ongoing 2022 World Cup. While the tournament is heating up amid the warm temperatures of Qatar, the cold winter is approaching the Northern Hemisphere. According to the latest indices of Yiwugo.com, the search traffic for the keyword “down jacket” is rising. Being the 64th most searched term two months ago, this keyword has lifted its name into the top 10 searches since last week and sits at the ninth place now.

According to the big data of Yiwugo.com, in the past six months, the search traffic for “down jacket” on Yiwugo.com was on a slow rise until it soared in September. The search traffic even skyrocketed in November, up 484% month-on-month over September and nearly 200% over October; the conversion rate was as high as above 800%. That means scores of targeted buyers were directed to Yiwugo.com everyday, who searched the keyword, clicked to browse and place orders on down jacket products. On Yiwugo.com, the total number of down jacket orders in the past six months ran very close to that of the same period last year, but the trading volume increased by 45% year-on-year. As the cold weather plays out as predicted, the down jacket market is picking up, and the trading volume of individual orders is increasing.

As shown by the data, despite the pandemic which continues to resurge, the European heating crisis and the cold winter of China have promised a sound market of thermal products. The down jacket market is delivering solid sales and most of the buyers clicked on the sub-keyword “long down jacket” and placed orders.

According to the head of Binghua Clothing Store at Huangyuan Garment Market, all of its down jacket orders this winter came from Yiwugo.com. On November 30, a new European customer contacted him through the website and purchased hundreds of men’s high-quality regular down jackets. He said that a lot more customers have come to inquire about down jackets and placed orders since this September, and many of them are new customers from Chile and Europe. Chilean customers prefer mid-length styles, while European customers who used to prefer wearing leather clothes and leather jackets to keep warm are buying down jackets now. Overall, the demand for down jackets is rising significantly this year.

This winter, thermal products such as hot water bags and electric blankets began to sweep the European market two months ago. Besides “down jackets”, the top 20 most-searched keywords on Yiwugo.com also include “cotton slippers”, “thermal mugs”, “men’s winter clothing”, “women’s winter clothing” and other seasonal products. Suppliers in related industries shall be well prepared for this shopping season.

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PR Newswire

Boqii Announces Unaudited Financial Results for the First Half of Fiscal Year 2023

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First Half Year Revenues of RMB589.6 million

First Half Year GMV of RMB 1,382.0 million

SHANGHAI, Dec. 1, 2022 /PRNewswire/ — Boqii Holding Limited (“Boqii” or the “Company”) (NYSE: BQ), a leading pet-focused platform in China, today announced its unaudited financial results for the first half of fiscal year 2023 (the Six Months ended September 30, 2022).

Operational and Financial Highlights for the First Half of Fiscal Year 2023：

  • Total revenues were RMB589.6 million (US$82.9 million), compared to RMB604.0 million in the same period of fiscal year 2022.
  • Loss from operations was RMB29.6 million (US$ 4.2 million), representing a decrease of 64.2% compared to RMB82.6 million in the same period of fiscal year 2022.
  • Net loss was RMB 29.5 million (US$4.1 million), representing a decrease of 64.0% from net loss of RMB81.9 million in the same period of fiscal year 2022.
  • Non-GAAP net loss was RMB28.5 million (US$4.0 million), representing a decrease of 60.6% from non-GAAP net loss of RMB72.4 million in the same period of fiscal year 2022.
  • EBITDA[1] was a loss of RMB22.9 million (US$3.2 million), representing a decrease of 70.2% from a loss of RMB77.1 million in the same period of fiscal year 2022.
  • Total GMV[2] was RMB1,382.0 million (US$194.3 million), compared to RMB1,484.7 million in the same period of fiscal year 2022.
  • Active buyers were 3.8 million, representing an increase of 16.4% from 3.3 million in the same period of fiscal year 2022.

[1] EBITDA refers to net loss excluding income tax expenses, interest expense, interest income, depreciation and amortization expenses. EBITDA is a Non-GAAP financial measurement. Please refer to “Non-GAAP financial measurement”.

[2] GMV refers to gross merchandise volume, which is the total value of confirmed orders placed with us and sold through distribution model or drop shipping model where we act as a principal in the transaction regardless of whether the products are delivered or returned, calculated based on the listed prices of the ordered products without taking into consideration any discounts. The total GMV amount (i) includes GMV of products sold by Xingmu, (ii) excludes products sold through consignment model and (iii) excludes the value of services offered by us. GMV is subject to future adjustments (such as refunds) and represents only one measure of the Company’s performance and should not be relied on as an indicator of our financial results, which depend on a variety of factors.

CEO & CFO Quote

Mr. Hao Liang, Boqii’s Founder, Chairman and Chief Executive Officer commented, “Boqii was able to demonstrate its resilience, and highlight its value proposition in the first half despite challenges from COVID-19, supply chain, and consumer sentiment. We saw outstanding performance from our private label, with its revenue increasing 30.9% YoY to RMB105.1 million. Our Boqii mall also continues to be the preferred choice for pet parents, as demonstrated by the 16.4% YoY growth to 3.8 million in active buyers. Riding on the increasing platform stickiness and growing contributions from private labels, we also saw an expanding gross profit margin from 18.6% last year, to 21.0% this year. That should lay a solid foundation for our future development.”

Ms. Yingzhi (Lisa) Tang, Boqii’s Co-Founder, Co-CEO and CFO commented, “On top of our private label development, we also saw the increasing value of prudence amid market uncertainties. During the first half of fiscal 2023, we made great strides in cost control, with our operating expenses dropped from 32.2% of total revenue last year, to 26.1% of total revenue this year. That paves the way of a significant reduction in net loss, with the first half ending with a net loss of RMB29.5 million, down by 64.0% year-on-year from RMB81.9 million last year. The improving financial performance shows that our business model and development strategy are right on track, and we look forward to serving more pet parents and industry partners in the future, while generating better results for our shareholders.”

Financial Results for the First Half of Fiscal Year 2023:

Total revenues were RMB589.6 million (US$82.9 million), compared to RMB604.0 million in the same period of fiscal year 2022.

Revenues
(in million)

Six Months Ended September 30

%

2022

2021

change

          RMB

          RMB

   YoY

Product sales

568.7

577.6

(1.5 %)

·         Boqii Mall

238.6

215.9

10.5 %

·         Third party e-commerce platforms

330.1

361.7

(8.7 %)

Online marketing and information services and other revenue

20.9

26.4

(20.5 %)

Total

589.6

604.0

(2.4 %)

Gross profit was RMB 123.9 million (US$17.4 million), compared to RMB112.1 million in the same period of fiscal year 2022.

Gross margin was 21.0%, representing an increase of 240 basis points from 18.6% in the same period of fiscal 2022, which is primarily due to improvement of gross margin of private label products and increased proportion of pet supplies and health care products with higher margins.

Operating expenses were RMB153.8 million, representing a decrease of 21.0% from RMB194.7 million in the same period of fiscal year 2022. Operating expenses as a percentage of total revenues was 26.1%, down from 32.2% in the same period of fiscal year 2022.

Fulfillment Expenses were RMB68.2 million, compared to RMB62.5 million in the same period of fiscal year 2022. Fulfillment expenses as a percentage of total revenues were 11.6%, compared to 10.4% in the same period of fiscal year 2022. The increase was primarily due to the increased shipping and handling expenses, which resulted from temporary logistics price increases and transportation restrictions due to the outbreak of Covid-19 in China starting from April 2022.

Sales and marketing expenses were RMB63.5 million, representing a decrease of 29.0% from RMB89.5 million in the same period of fiscal year 2022. The decrease was primarily due to the decline of advertising expenses amount to RMB26.1 million resulting from (i) the lower expenditure for cost saving; (ii) the increased proportion of revenue generated from more cost-efficient channels. Sales and marketing expenses as a percentage of total revenue were 10.8%, down from 14.8% in the same period of fiscal year 2022.

General and administrative expenses were RMB22.1 million, representing a decrease of 48.4% from RMB42.8 million in the same period of fiscal year 2022. The decrease was primarily due to:(i) the decline of share-based compensation expense of RMB13.5 million, resulting form the cancellation of options corresponding to employee departures; (ii) the decline of staff costs amount to RMB3.7 million related to the optimization of our organizational structure; (iii) the decline of professional fees amount to RMB2.5 million compared with the same period of fiscal year 2022. General and administrative expenses as a percentage of total revenue were 3.7%, down from 7.1% in the same period of fiscal year 2022.

Loss from operations was RMB29.6 million (US$ 4.2 million), representing a decrease of 64.2% compared to RMB82.6 million in the same period of fiscal year 2022.

Net loss was RMB29.5 million (US$4.1 million), representing a decrease of 64.0% compared to net loss of RMB81.9 million in the same period of fiscal year 2022.

EBITDA was a loss of RMB22.9 million (US$3.2 million), representing a decrease of 70.2% compared to a loss of RMB77.1 million in the same period of fiscal year 2022.

Non-GAAP net loss was RMB28.5 million (US$ 4.0 million), representing a decrease of 60.6% compared to non-GAAP net loss of RMB72.4 million in the same period of fiscal year 2022.

Diluted net loss per share was RMB0.43 (US$ 0.06), compared to diluted net loss per share of RMB1.16 in the same period of fiscal year 2022.

Total cash and cash equivalents and short-term investments were RMB210.3 million (US$ 29.6million), compared to RMB290.9 million as of March 31, 2022.

Conference Call

Boqii’s management will hold a conference call to discuss the financial results at 8:00 AM on Thursday December 1, 2022, U.S. Eastern Time (9:00 PM on Thursday, December 1, 2022, Beijing/Hong Kong Time).

To join the conference, please dial in 15 minutes before the conference is scheduled to begin using below numbers.

Phone Number

International           

1-412-317-6061

United States

1-888-317-6003

Hong Kong

852 800 963-976

Mainland China

86 4001-206115

Passcode

1311582

A replay of the conference call may be accessed by phone at the following numbers until December 8, 2022.

Phone Number

International

1-412-317-0088

United States

1-877-344-7529

Replay Access Code

9673562

A live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.boqii.com/.

About Boqii Holding Limited

Boqii Holding Limited (NYSE: BQ) is a leading pet-focused platform in China. We are the leading online destination for pet products and supplies in China with our broad selection of high-quality products including global leading brands, local emerging brands, and our own private label, Yoken and Mocare, offered at competitive prices. Our online sales platforms, including Boqii Mall and our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Our Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding such risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures, namely non-GAAP net loss, non-GAAP net loss margin, EBITDA and EBITDA margin, in evaluating its operating results and for financial and operational decision-making purposes. The Company defines (i) non-GAAP net loss as net loss excluding fair value change of derivative liabilities and share-based compensation expenses, (ii) non-GAAP net loss margin as non-GAAP net loss as a percentage of total revenues, (iii) EBITDA as net loss excluding income tax expenses, interest expense, interest income, depreciation and amortization expenses, (iv) EBITDA margin as EBITDA as a percentage of total revenues. The Company believes non-GAAP net loss, non-GAAP net loss margin, EBITDA and EBITDA margin enhance investors’ overall understanding of its financial performance and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. As these non-GAAP financial measures have limitations as analytical tools and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, which should be considered when evaluating the Company’s performance. For reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, “Reconciliation of GAAP and Non-GAAP Results.” The Company encourages investors and others to review its financial information in its entirety and not rely on any single financial measure.

Exchange Rate

This press release contains translations of certain RMB amounts into U.S. dollars (“USD”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.1135 to US$1.00, the noon buying rate in effect on September 30, 2022 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred to could be converted into USD or RMB, as the case may be, at any particular rate or at all.

For investor and media inquiries, please contact:

In China:

Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
Email: ir@boqii.com

DLK Advisory Limited 
Tel: +852-2857-7101 
Email: ir@dlkadvisory.com

BOQII HOLDING LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except for share and per share data, unless otherwise noted)

As of
March 31,
 2022

As of
September 30,
 2022

As of

September 30,

 2022

RMB

RMB

US$

ASSETS

Current assets:

Cash and cash equivalents

162,855

85,136

11,968

Short-term investments

128,084

125,145

17,593

Accounts receivable, net

49,231

96,215

13,526

Inventories, net

109,921

107,264

15,079

Prepayments and other current assets

116,738

100,516

14,130

Amounts due from related parties

11,726

4,782

672

Total current assets

578,555

519,058

72,968

Non-current assets:

Property and equipment, net

7,779

7,298

1,026

Intangible assets

25,544

23,569

3,313

Operating lease right-of-use assets

38,567

38,693

5,439

Long-term investments

82,319

81,598

11,471

Goodwill

40,684

40,684

5,719

Amounts due from related parties, non-current

–

8,317

1,169

Other non-current asset

4,861

10,092

1,419

Total non-current assets

199,754

210,251

29,556

Total assets

778,309

729,309

102,524

LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT

Current liabilities

Short-term borrowings

161,126

142,336

20,009

Accounts payable

94,224

79,195

11,133

Salary and welfare payable

6,871

6,203

872

Accrued liabilities and other current liabilities

27,324

25,471

3,581

Amounts due to related parties, current

219

102

14

Contract liabilities

7,007

3,208

451

Operating lease liabilities, current

10,001

11,082

1,558

Derivative liabilities

9,086

12,970

1,823

Total current liabilities

315,858

280,567

39,441

Non-current liabilities

Deferred tax liabilities

4,847

4,269

Operating lease liabilities, non-current

28,197

28,078

3,947

Other debts, non-current

181,062

124,399

17,488

Total non-current liabilities

214,106

156,746

22,035

Total liabilities

529,964

437,313

61,476

Mezzanine equity

Redeemable non-controlling interests

6,522

6,844

962

Total mezzanine equity

6,522

6,844

962

Stockholders’ equity:

Class A ordinary shares (US$0.001 par value; 129,500,000 shares authorized,
55,709,591 and 55,743,337 shares issued and outstanding as of March 31,
2022 and September 30, 2022, respectively)

 

 

372

373

52

Class B ordinary shares (US$0.001 par value; 15,000,000 shares authorized,
13,037,729 shares issued and outstanding as of March 31, 2022 and
September 30, 2022, respectively)

 

 

82

82

12

Additional paid-in capital

3,295,336

3,291,793

462,753

Statutory reserves

3,433

3,876

545

Accumulated other comprehensive loss

(46,069)

(23,989)

(3,372)

Accumulated deficit

(2,889,233)

(2,919,198)

(410,375)

Receivable for issuance of ordinary shares

(164,746)

(110,133)

(15,482)

Total Boqii Holding Limited shareholders’ equity

199,175

242,804

34,133

Non-controlling interests

42,648

42,348

5,953

Total shareholders’ equity

241,823

285,152

40,086

Total liabilities, mezzanine equity and shareholders’ equity

778,309

729,309

102,524

BOQII HOLDING LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(All amounts in thousands, except for share and per share data, unless otherwise noted)

Six Months Ended September 30,

2021

2022

2022

RMB

RMB

US$

Net revenues:

Product sales

577,583

568,698

79,947

Online marketing and information services and other revenue

26,384

20,931

2,942

Total revenues

603,967

589,629

82,889

Total cost of revenue

(491,880)

(465,703)

(65,467)

Gross profit

112,087

123,926

17,422

Operating expenses:

–

–

Fulfillment expenses

(62,519)

(68,161)

(9,582)

Sales and marketing expenses

(89,454)

(63,530)

(8,931)

General and administrative expenses

(42,774)

(22,066)

(3,102)

Other income, net

67

242

34

Loss from operations

(82,593)

(29,589)

(4,159)

Interest income

9,864

4,025

566

Interest expense

(12,059)

(7,193)

(1,011)

Other gain/ (losses), net

405

7,190

1,011

Fair value change of derivative liabilities

411

(4,534)

(637)

Loss before income tax expenses

(83,972)

(30,101)

(4,230)

Income taxes expenses

1,247

418

59

Share of results of equity investees

834

184

26

Net loss

(81,891)

(29,499)

(4,145)

Less: Net income attributable to the non-controlling interest
    shareholders

(3,683)

(299)

(42)

Net loss attributable to Boqii Holding Limited

(78,208)

(29,200)

(4,103)

Accretion on redeemable non-controlling interests to redemption
    value

(283)

(323)

(45)

Net loss attributable to Boqii Holding Limited‘s ordinary
    shareholders

(78,491)

(29,523)

(4,148)

Net loss

(81,891)

(29,499)

(4,145)

Other comprehensive income/(loss):

Foreign currency translation adjustment, net of nil tax

(5,765)

22,329

3,139

Unrealized securities holding loss

–

(249)

(35)

Total comprehensive loss

(87,656)

(7,419)

(1,041)

Less: Total comprehensive income attributable to non-controlling
    interest shareholders

(3,683)

(299)

(42)

Total comprehensive loss attributable to Boqii Holding Limited

(83,973)

(7,120)

(999)

Net loss per share attributable to Boqii Holding Limited’s
    ordinary shareholders

— basic

(1.16)

(0.43)

(0.06)

— diluted

(1.16)

(0.43)

(0.06)

Weighted average number of ordinary shares

— basic

67,703,830

68,841,500

68,841,500

— diluted

67,703,830

68,841,500

68,841,500

Boqii Holding Limited

Reconciliation of  GAAP and Non-GAAP Results

(In thousands, except % and per share data)

Six Months Ended September 30,

2021

2022

RMB

RMB

Net loss

(81,891)

(29,499)

Fair value change of derivative liabilities

(411)

4,534

Share-based compensation

9,903

(3,567)

Non-GAAP net loss

(72,399)

(28,532)

Non-GAAP net loss Margin

(12.0 %)

(4.8 %)

Six Months Ended September 30，

2021

2022

RMB

RMB

Net loss

(81,891)

(29,499)

Income tax expenses

(1,247)

(418)

Interest expenses

12,059

7,193

Interest income

(9,864)

(4,025)

Depreciation and amortization .

3,885

3,815

EBITDA

(77,058)

(22,934)

EBITDA Margin

(12.8 %)

(3.9 %)

Notes for all the condensed consolidated financial schedules presented:

Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00=RMB7.1135 on 30
September, 2022 published by the Federal Reserve Board.

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PR Newswire

VENUSTAS Announces Heated Apparel Seasonal Plans For Black Friday Holiday Sale

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LITTLETON, Mass., Nov. 26, 2022 /PRNewswire/ — VENUSTAS, a global-leading heated apparel brand, is excited to release sale plans for Black Friday Holiday this week. With a mission to develop any accessible products, VENUSTAS Black-Friday Plan is expected to not only inject cheers into this holiday but also give more warmth for this winter with affordable shopping.

“Now, we are in the season of sale. Black Friday Holiday provides a great opportunity for us to connect with our new customers and long-term customers. To let everyone enjoy the festive mood, we take the advantage of this special holiday to launch the exciting plans,” Said Michael Lee, CEO of VENUSTAS.

On VENUSTAS official website, this season plan runs from November 24th to November 30th  with the following surprise: 30% off on selected clothing, flash sale on best sellers, and up to 35% on unisex collection.

VENUSTAS Amazon holiday season has started on Nov. 25th with prime exclusive discounts. It came with up to 20% off on selected styles, like Men’s V-neck 7.4V Heated Vest. It seemed like a warm-up offer to kick off Black Friday.

To keep up with the holiday boom, Amazon Deal of the Day is specially scheduled by VENUSTAS on Nov.27th, aimed at every customer. Everyone can simply enjoy generous discounts on VENUSTAS heated apparel, including heated jackets, heated vests, heated hoodies, and heated gloves. In VENUSTAS announcement, its classic style Women’s 7.4V Heated Vest enjoys 40% off and the best seller Men’s 7.4V heated jacket with surprise prize at $104.99.

Also, VENUSTAS makes some surprises on the new offerings. It gives customers new chances to embrace a fresh winter with up to 30% off.

“Our season is not long, but we hope everyone can get benefit from this announcement. That’s always what we have done, no matter in the past or future,”VENUSTAS CEO Michael said. “Black Friday Holiday belongs to us. Driven by this simple idea, we make this deal for our past, present, and new customers. As a warm brand, we would bring you a warm holiday”.

About VENUSTAS Heated Apparel:

VENUSTAS, as a young and lively heated apparel brand, has successfully occupied the market with unremitting efforts. As VENUSTAS believes in “Live without limits”, what it wants to do is to develop products without limits and cover warmth to everyone. With over 10,000 happy customers, VENUSTAS is constantly upgrading old styles and developing new offerings.

For more information, visit https://venustasofficial.com/. Follow VENUSTAS on Facebook, Instagram, Tiktok, and YouTube.

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PR Newswire

Oneisall Launches Advanced 7-in-1 Pet Grooming Kit with Super-Silent Vacuum for Dogs, Cats and Other Furry Friends

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  • For those who are always bothered by dog and cat hair in their homes, and those stuck paying the bill for their pets’ monthly grooming sessions, it is time to take one step forward and change their stereotype of pet grooming as a job that is too professional to conduct at home. An Oneisall Advanced 7-in-1 Pet Grooming Kit will help them to unlock a new realm of staying with their pets.

SHENZHEN, China, Nov. 25, 2022 /PRNewswire/ — Oneisall, one of the leading pet grooming brands in North America, recently launched its new 7-in-1 Pet Grooming Vacuum Kit, a perfect time for the holiday season. 


Oneisall kit’s seven industry-disrupting grooming tools that solve pet care problems include:

  • A grooming brush and deshedding tool, with its cutting-edge vacuum function, easily removes loose fur and hairs leaving the family pet’s hair looking silky and smooth while hoovering up all the collected hair into an easy-to-use, mess-free, detachable 1.4-liter dust box.
  • A cordless electric clipper and vacuum combo along with a dog nail grinder empowers pet owners to do the big job of grooming their animals at home, indoors or outdoors.
  • Two special vacuum cleaner heads are also included for daily use that can be used to suck up pet hair from carpets, difficult to reach sofa nooks, as well as floors of all types.
  • The low noise design means the vacuum is a silent 60 decibels with three adjustable suction levels to choose from which ensure pets are calm and relaxed during grooming.

Terry Zhang, Founder of Oneisall, said, “An eternal worry and constant irritation for pet owners have always been their pet’s hair and fur getting everywhere in the home, not to mention the difficulty faced when attempting to do the job of grooming their pets themselves. We are confident that our innovative pet grooming kit with an added vacuum will allow every pet owner to reduce the hassle they have with keeping their pets looking great. After 18 months of development and testing, the Oneisall 7-in-1 Pet Grooming Vacuum Kit was born which I believe represents a significant breakthrough for the pet grooming industry. We hope that it can create an even stronger bond between families and their furry friends.”

Oneisall has always been committed to providing pet owners with innovative and, in many cases, life-changing grooming solutions. Since its release in 2017, more than 2 million units of the Oneisall P2 Golden Dog Rechargeable Cordless Clippers have been sold on Amazon and thanks to its excellent performance and pet-friendly experience, has become a number one seller on Amazon in the United States and Germany.

The innovative technology makes it easy for families to groom their pets at home with seven tried and tested grooming tools in one handy kit that is now available at a special holiday price of only $139.99 on its Amazon store. An additional $30 Black Friday discount will be offered by using the code ONEISALL when shoppers place orders on Oneisall.com.

To find out more please visit the Oneisall website, and check out their socials on Facebook, Instagram, TikTok, and YouTube.

About ONEISALL INC.

ONEISALL INC. was established in 2016 with the mission of providing a better life and health for every pet. Headquartered in Shenzhen with warehouses in the US and Europe, it is a global pet product brand that integrates product development, sales, and service. We are committed to providing pet grooming solutions to make pets more comfortable by making grooming a pleasurable activity that strengthens the bond between pet and owner. Oneisall has served around two million customers in 15 countries and has received over 150,000 positive reviews on Amazon. Since 2021, the brand’s annual revenue has exceeded approximately $43.8 million and has rapidly developed into one of the top international pet brands.

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