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PR Newswire

Amazon Leads as Top Channel for Product Research, According to New Data from ChannelAdvisor

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Survey Shows that 75% of Australian Consumers Regularly Shop On Multiple Online Marketplaces

A survey of over 5,000 global consumers provides brands and retailers with actionable insights into when, where and how they shop online, ahead of the festive season

MELBOURNE, Australia, Sept. 26, 2022 /PRNewswire/ — ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions, today released the results of its 2022 E-Commerce Consumer Survey, which gauged the shopping behaviours of over 5,000 respondents in Australia, U.S. and Europe. The global survey found consumers in Australia trust a brand’s website and marketplaces for product research, with social media found to be the least trusted platform.

The results of the survey offer brands and retailers actionable insights into the current perspectives of online shoppers and found 50% of consumers in Australia trust a brand’s website or marketplaces (44%) for product research, compared to just 6% who trust social media.

Despite this lack of trust in social media, 29% of respondents said they discovered products through sites like Instagram and TikTok.

Survey participants shared their preferences for online marketplaces and retailer sites they visit to research and purchase products while weighing factors such as product selection and delivery methods.  The survey results also revealed how inflation and rising costs are affecting consumer purchasing decisions and their priorities when conducting online research before or during an in-store shopping experience.

“To stay competitive and agile in this changing environment, brands and retailers must first understand how, where and why consumers are shopping,” said Mike Shapaker, chief marketing officer at ChannelAdvisor. “These survey results provide valuable insights that will help empower sellers to gain strategies to help capture consumer attention as the festive season approaches.”

Key findings that emerged from this year’s survey data include:

  • The majority of Australian consumers are shopping on more than one marketplace
  • Retail Media ads are influencing consumer purchase decisions
  • The 2022 festive season will continue to involve heavy online research and purchasing activity

Australian trends indicate shopping journeys involve more activity across retail sites and marketplaces

  • 85% of global consumers use multiple digital touchpoints during their buying journey
  • 75% of consumers tend to use multiple marketplaces on a regular basis for browsing, shopping or buying
    • 20% of consumers regularly use three marketplaces on a regular basis for browsing, shopping or buying, and 16% use 4 or more
  • 50% of consumers have purchased an item from a foreign retail site or marketplace in the past 12 months
    • These purchases are more frequent among younger consumers (63% of 18- to 25-year-olds) than older consumers (32% of consumers aged 65+)
  • 54% of Australian consumers have used click and collect in the past 12 months

Marketplaces are the most common channels to discover new products

  • 88% of Australian consumers browse items on marketplaces or retail sites without the direct intention to purchase something
  • 43% of Australian consumers “discovered” products they’ve purchased in the past 12 months by browsing marketplaces

Retail media advertising is becoming essential to increase product awareness

  • 39% of Australian consumers have clicked on a sponsored or promoted ad that they saw on a marketplace or retail site in the past 12 months
    • This activity is higher among younger shoppers (55% of consumers aged 18-25 and 48% of consumers aged 26-35)
  • 28% of consumers have purchased an item on Amazon after seeing an ad for that product on Amazon

Google remains the top channel for product research in Australia

  • In the past 12 months, consumers have researched products on these sites*
    • Facebook: 41%
    • Instagram: 28%
    • Google: 85%
    • Amazon: 56%
    • eBay: 71%

Pricing is a major factor for Australian consumers before making a purchase:

  • 86% of consumers usually compare prices before making a purchase
  • 98% of consumers consider price a somewhat or very important factor in product selection
  • 65% of consumers indicated their reason for researching products online before or during shopping in-store “often” involves checking prices

The 2022 Australian festive season will continue to involve heavy online research and purchasing activity:

  • 84% of consumers plan to spend the same amount of time or more shopping for festive gifts online compared to last year
  • 26% of 18- to 25-year-old consumers plan to conduct festive shopping research on social media sites

Click here to view the entire report of survey results.

Survey Methodology

ChannelAdvisor commissioned leading research firm Dynata to survey 5,000 consumers in the U.S., U.K., France, Germany and Australia about their online shopping and research habits in 2022. Respondents, who ranged in ages from 18 to 65, were screened and sampled in partnership with Dynata. There were 1,000 respondents in the Australian segment.

To learn more about industry insights from this recent consumer survey, including holiday and category-specific results, view ChannelAdvisor’s on-demand webinar.

For more details about ChannelAdvisor, visit ChannelAdvisor’s blog, follow ChannelAdvisor on Twitter @ChannelAdvisor, like ChannelAdvisor on Facebook and connect with ChannelAdvisor on LinkedIn.

About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading multichannel commerce platform whose mission is to connect and optimise the world’s commerce. For over two decades, ChannelAdvisor has helped brands and retailers worldwide improve their online performance by expanding sales channels, connecting with consumers across the entire buying cycle, optimising their operations for peak performance, and providing actionable analytics to improve competitiveness. Thousands of customers depend on ChannelAdvisor to securely power their e-commerce operations on channels such as Amazon, eBay, Google, Facebook, Walmart, and hundreds more. For more information, visit www.channeladvisor.com.au/.

ChannelAdvisor Media Contact
Helen de Souza 
helen.desouza@channeladvisor.com  
+61 3 9034 3412

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PR Newswire

Tuniu Announces Receipt of Minimum Bid Price Notice from Nasdaq

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NANJING, China, Sept. 23, 2022 /PRNewswire/ — Tuniu Corporation (Nasdaq: TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in China, today announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated September 19, 2022, indicating that for the last 30 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification letter has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Market.

Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until March 20, 2023, to regain compliance under the Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company’s ADSs is US$1.00 per share or higher for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance by March 20, 2023, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period.

The Nasdaq notification letter will have no effect on the Company’s business operations, and the Company will take all reasonable measures to regain compliance.

About Tuniu

Tuniu (Nasdaq: TOUR) is a leading online leisure travel company in China that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers over 420 departing cities throughout China and all popular destinations worldwide. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Tuniu 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 report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu’s goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu’s products and services; its relationships with customers and travel suppliers; the Company’s ability to offer competitive travel products and services; Tuniu’s future business development, results of operations and financial condition; competition in the online travel industry in China; relevant government policies and regulations relating to the Company’s structure, business and industry; the impact of the COVID-19 on Tuniu’s business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.

Cision View original content:https://www.prnewswire.com/news-releases/tuniu-announces-receipt-of-minimum-bid-price-notice-from-nasdaq-301631807.html

PR Newswire

Trip.com Group Limited Reports Unaudited Second Quarter and First Half of 2022 Financial Results

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SHANGHAI, Sept. 22, 2022 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) (“Trip.com Group” or the “Company”), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced its unaudited financial results for the second quarter and first half of 2022.

Key Highlights for the Second Quarter of 2022

The Company delivered resilient results in the second quarter despite the continued disruptions resulting from the COVID-19 resurgence in China.

  • Net income for the second quarter was RMB43 million (US$6 million), which improved from net loss of RMB1.0 billion for the previous quarter.
  • Adjusted EBITDA for the second quarter was RMB355 million (US$53 million), representing a 290% increase from RMB91 million for the previous quarter,
  • Staycation travel continued to serve as a major contributor to the recovery of the Chinese domestic market, with local hotel bookings increasing by over 30% compared to the same period in 2019.
  • Both air-ticket and hotel bookings on global platforms increased over 100% year over year in the second quarter.

“In the second quarter, the global travel industry has made continued progress towards full recovery. The recovery momentum in Europe and the United States remained robust, and the rebound of travel activities in the Asia-Pacific region also sped up due to further relaxation of travel restrictions,” said James Liang, Executive Chairman. “With our product innovation and service enhancement, we are confident in further strengthening our competitive position and capturing the pent-up demand. “

“Despite the challenges in the China domestic market in the first two months of the second quarter, the fundamental demand for travel remained solid. We are delighted to see the domestic hotel bookings quickly bouncing back to the pre-pandemic level at the end of the second quarter with such momentum extended into the following months.” said Jane Sun, Chief Executive Officer. “We will continue to improve our operating efficiency and conduct prudent cost control in the face of the changing environment. All these efforts will enable us to remain flexible and pave the way for long-term growth.”

Second Quarter of 2022 Financial Results and Business Updates

In the second quarter of 2022, the COVID-19 resurgence continued to disrupt the travel industry in China, which discouraged user demand for the Company’s services. As a result, the Company’s results of operations for the second quarter of 2022 were materially and adversely affected.

For the second quarter of 2022, Trip.com Group reported net revenue of RMB4.0 billion (US$598 million), representing a 32% decrease from the same period in 2021 and a 2% decrease from the previous quarter, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China.

Accommodation reservation revenue for the second quarter of 2022 was RMB1.4 billion (US$203 million), representing a 45% decrease from the same period in 2021 and a 6% decrease from the previous quarter, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China.

Transportation ticketing revenue for the second quarter of 2022 was RMB1.8 billion (US$263 million), representing a 15% decrease from the same period in 2021, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China. Transportation ticketing revenue increased by 6% from the previous quarter, primarily driven by strong recovery of air travel in the overseas market.

Packaged-tour revenue for the second quarter of 2022 was RMB122 million (US$18 million), representing a 67% decrease from the same period in 2021 and a 2% decrease from the previous quarter, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China.

Corporate travel revenue for the second quarter of 2022 was RMB210 million (US$31 million), representing a 46% decrease from the same period in 2021 and a 5% decrease from the previous quarter, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China.

Cost of revenue for the second quarter of 2022 was RMB976 million (US$146 million), representing a 20% decrease from the same period in 2021, which was in line with the decrease in net revenue. Cost of revenue decreased by 9% from the previous quarter. Cost of revenue as a percentage of net revenue was 24% for the second quarter of 2022.

Product development expenses for the second quarter of 2022 decreased by 20% to RMB1.8 billion (US$264 million) from the same period in 2021 and decreased by 10% from the previous quarter, primarily due to a decrease in product development personnel related expenses. Product development expenses as a percentage of net revenue was 44% for the second quarter of 2022.

Sales and marketing expenses for the second quarter of 2022 decreased by 41% to RMB826 million (US$123 million) from the same period in 2021 and decreased by 2% from the previous quarter, primarily due to a decrease in expenses relating to sales and marketing promotion activities. Sales and marketing expenses as a percentage of net revenue was 21% for the second quarter of 2022.

General and administrative expenses for the second quarter of 2022 decreased by 15% to RMB604 million (US$90 million) from the same period in 2021, primarily due to a decrease in general and administrative personnel related expenses. General and administrative expenses increased by 3% from the previous quarter. General and administrative expenses as a percentage of net revenue was 15% for the second quarter of 2022.

Income tax expense for the second quarter of 2022 was RMB173 million (US$26 million), compared to income tax expense of RMB97 million for the same period in 2021 and income tax benefit of RMB14 million in the previous quarter. The change in Trip.com Group’s effective tax rate was primarily due to the combined impacts of changes in respective profitability of its subsidiaries with different tax rates, certain non-taxable income or loss resulting from the fair value changes in equity securities investments and exchangeable senior notes, and changes in valuation allowance provided for deferred tax assets.

Net income for the second quarter of 2022 was RMB43 million (US$6 million), compared to net loss of RMB659 million for the same period in 2021 and net loss of RMB1 billion for the previous quarter. Adjusted EBITDA for the second quarter of 2022 was RMB355 million (US$53 million), compared to RMB916 million for the same period in 2021 and RMB91 million for the previous quarter. Adjusted EBITDA margin was 9% for the second quarter of 2022, compared to 16% for the same period in 2021 and 2% for the previous quarter.

Net income attributable to Trip.com Group’s shareholders for the second quarter of 2022 was RMB69 million (US$10 million), compared to net loss attributable to Trip.com Group’s shareholders of RMB647 million for the same period in 2021 and net loss attributable to Trip.com Group’s shareholders of RMB989 million for the previous quarter. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense) and their tax effects, non-GAAP net loss attributable to Trip.com Group’s shareholders was RMB203 million (US$31 million), compared to non-GAAP net income attributable to Trip.com Group’s shareholders of RMB728 million in the same period in 2021 and non-GAAP net loss attributable to Trip.com Group’s shareholders of RMB36 million for the previous quarter.

Diluted income per ordinary share and per ADS was RMB0.10 (US$0.01) for the second quarter of 2022. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes and their tax effects, non-GAAP diluted loss per ordinary share and per ADS was RMB0.31 (US$0.05) for the second quarter of 2022. Each ADS currently represents one ordinary share of the Company.

As of June 30, 2022, the balance of cash and cash equivalents, restricted cash, short-term investment, held to maturity time deposit and financial products was RMB65.6 billion (US$9.8 billion).

Conference Call

Trip.com Group’s management team will host a conference call at 8:00 PM EST on September 21, 2022 (or 8:00 AM CST on September 22, 2022) following this announcement.

The conference call will be available live on Webcast and for replay at: https://investors.trip.com. The call will be archived for twelve months on our website.

All participants must pre-register to join this conference call using the Participant Registration link below:

https://register.vevent.com/register/BIe6a1088f8c3f4a77a18a7d5b03d2bc2e

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to,” “confident” or other similar statements. Among other things, quotations from management in this press release, as well as Trip.com Group’s strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, severe or prolonged downturn in the global or Chinese economy, general declines or disruptions in the travel industry, the impact of COVID-19 pandemic to Trip.com Group’s business operations, volatility in the trading price of Trip.com Group’s ADSs or shares, Trip.com Group’s reliance on its relationships and contractual arrangements with travel suppliers and strategic alliances, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in the relevant jurisdictions where Trip.com Group operates, failure to successfully develop Trip.com Group’s existing or future business lines, damage to or failure of Trip.com Group’s infrastructure and technology, loss of services of Trip.com Group’s key executives, adverse changes in economic and political policies of the PRC government, inflation in China, risks and uncertainties associated with PRC laws and regulations with respect to the ownership structure of Trip.com Group’s affiliated Chinese entities and the contractual arrangements among Trip.com Group, its affiliated Chinese entities and their shareholders, and other risks outlined in Trip.com Group’s filings with the U.S. Securities and Exchange Commission or the Stock Exchange of Hong Kong Limited. All information provided in this press release and in the attachments is as of the date of the issuance, and Trip.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Trip.com Group’s unaudited condensed consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles (“GAAP”), Trip.com Group uses non-GAAP financial information related to adjusted net income attributable to Trip.com Group Limited, adjusted EBITDA, adjusted EBITDA margin and adjusted diluted earnings per ordinary share and per ADS, each of which is adjusted from the most comparable GAAP result to exclude the share-based compensation charges that are not tax deductible and fair value changes of equity securities investments and exchangeable senior notes, net of tax. Trip.com Group’s management believes the non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods.

Non-GAAP information is not prepared in accordance with GAAP, does not have a standardized meaning under GAAP, and may be different from non-GAAP methods of accounting and reporting used by other companies. The presentation of this additional information should not be considered a substitute for GAAP results. A limitation of using non-GAAP financial measures is that non-GAAP measures exclude share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes and their tax effects that have been and will continue to be significant recurring expenses in Trip.com Group’s business for the foreseeable future.

Reconciliations of Trip.com Group’s non-GAAP financial data to the most comparable GAAP data included in the consolidated statement of operations are included at the end of this press release.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for travelers in China, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com and Skyscanner, with the mission “to pursue the perfect trip for a better world.”

For further information, please contact:

Investor Relations

Trip.com Group Limited
Tel: +86 (21) 3406-4880 X 12229
Email: iremail@trip.com

Trip.com Group Limited

Unaudited Consolidated Balance Sheets

(In millions, except share and per share data)

December 31, 2021

June 30, 2022

June 30, 2022

RMB (million)

RMB (million)

USD (million)

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

21,196

22,959

3,427

Short-term investments

29,566

30,721

4,587

Accounts receivable, net 

4,649

5,445

813

Prepayments and other current assets 

10,697

10,778

1,609

Total current assets

66,108

69,903

10,436

Property, equipment and software

5,534

5,307

792

Intangible assets and land use rights

13,046

12,929

1,931

Right-of-use assets

777

925

138

Investments (Includes held to maturity time deposit and
financial products of RMB13,112 million and RMB11,891
million as of December 31,2021 and June 30, 2022,
respectively)

44,961

44,075

6,580

Goodwill

59,353

59,326

8,857

Other long-term assets

396

398

60

Deferred tax asset

1,684

1,765

263

Total assets

191,859

194,628

29,057

LIABILITIES

Current liabilities:

Short-term debt and current portion of long-term debt

39,866

36,203

5,405

Accounts payable

6,019

6,745

1,007

Advances from customers

7,535

7,822

1,168

Other current liabilities

12,798

11,926

1,781

Total current liabilities

66,218

62,696

9,361

Deferred tax liability

3,527

3,491

521

Long-term debt

11,093

17,402

2,598

Long-term lease liability

400

591

88

Other long-term liabilities

165

170

25

Total liabilities

81,403

84,350

12,593

SHAREHOLDERS’ EQUITY

Total Trip.com Group Limited shareholders’ equity

109,677

109,542

16,354

Non-controlling interests

779

736

110

Total shareholders’ equity

110,456

110,278

16,464

Total liabilities and shareholders’ equity

191,859

194,628

29,057

Trip.com Group Limited

Unaudited Consolidated Statements of Income/(Loss)

(In millions, except share and per share data)

Three Months Ended

Six Months Ended

June 30, 2021

March 31, 2022

June 30, 2022

June 30, 2022

June 30, 2021

June 30, 2022

June 30, 2022

RMB (million)

RMB (million)

RMB (million)

USD (million)

RMB (million)

RMB (million)

USD (million)

Revenue:

Accommodation reservation 

2,455

1,450

1,357

203

4,035

2,807

419

Transportation ticketing 

2,066

1,663

1,763

263

3,572

3,426

512

Packaged-tour 

367

124

122

18

536

246

37

Corporate travel

390

222

210

31

642

432

64

Others

614

652

564

84

1,216

1,216

181

Total revenue

5,892

4,111

4,016

599

10,001

8,127

1,213

Less: Sales tax and surcharges

(2)

(2)

(5)

(1)

(3)

(7)

(1)

Net revenue

5,890

4,109

4,011

598

9,998

8,120

1,212

Cost of revenue

(1,223)

(1,067)

(976)

(146)

(2,257)

(2,043)

(305)

Gross profit

4,667

3,042

3,035

452

7,741

6,077

907

Operating expenses:

Product development *

(2,226)

(1,974)

(1,772)

(264)

(4,451)

(3,746)

(559)

Sales and marketing *

(1,402)

(843)

(826)

(123)

(2,354)

(1,669)

(249)

General and administrative *

(713)

(584)

(604)

(90)

(1,397)

(1,188)

(178)

Total operating expenses

(4,341)

(3,401)

(3,202)

(477)

(8,202)

(6,603)

(986)

Income/(Loss) from operations

326

(359)

(167)

(25)

(461)

(526)

(79)

Interest income 

472

591

544

81

890

1,135

169

Interest expense

(418)

(341)

(351)

(52)

(825)

(692)

(103)

Other (expense)/income

(848)

(707)

469

70

1,660

(238)

(35)

(Loss)/Income before income tax
expense and equity in income of
affiliates

(468)

(816)

495

74

1,264

(321)

(48)

Income tax (expense)/benefit

(97)

14

(173)

(26)

(138)

(159)

(24)

Equity in loss of affiliates

(94)

(199)

(279)

(42)

(20)

(478)

(71)

Net (loss)/income

(659)

(1,001)

43

6

1,106

(958)

(143)

Net loss attributable to non-controlling interests

12

12

26

4

27

38

6

Net (loss)/income attributable to
Trip.com Group Limited

(647)

(989)

69

10

1,133

(920)

(137)

(Losses)/Earnings per ordinary share

– Basic

(1.02)

(1.52)

0.10

0.01

1.76

(1.42)

(0.21)

– Diluted

(1.02)

(1.52)

0.10

0.01

1.73

(1.42)

(0.21)

(Losses)/Earnings per ADS

– Basic

(1.02)

(1.52)

0.10

0.01

1.76

(1.42)

(0.21)

– Diluted

(1.02)

(1.52)

0.10

0.01

1.73

(1.42)

(0.21)

Weighted average ordinary shares outstanding

– Basic

635,476,056

647,812,835

647,866,001

647,866,001

644,666,248

647,843,829

647,843,829

– Diluted

635,476,056

647,812,835

650,906,465

650,906,465

656,483,984

647,843,829

647,843,829

* Share-based compensation included in Operating expenses above is as follows:

  Product development 

181

107

146

22

332

253

38

  Sales and marketing 

34

18

28

4

56

46

7

  General and administrative 

151

98

130

19

272

228

34

Trip.com Group Limited

Unaudited reconciliation of  GAAP and Non-GAAP Results

(In millions, except % and per share data)

Three Months Ended

Six Months Ended

June 30, 2021

March 31, 2022

June 30, 2022

June 30, 2022

June 30, 2021

June 30, 2022

June 30, 2022

RMB (million)

RMB (million)

RMB (million)

USD (million)

RMB (million)

RMB (million)

USD (million)

Net (loss)/income

(659)

(1,001)

43

6

1,106

(958)

(143)

Less: Interest income

(472)

(591)

(544)

(81)

(890)

(1,135)

(169)

Add: Interest expense

418

341

351

52

825

692

103

Add: Other expense/(income)

848

707

(469)

(70)

(1,660)

238

35

Add: Income tax expense/(benefit)

97

(14)

173

26

138

159

24

Add: Equity in loss of affiliates

94

199

279

42

20

478

71

Income/(Loss) from operations

326

(359)

(167)

(25)

(461)

(526)

(79)

Add: Share-based compensation

366

223

304

45

660

527

79

Add: Depreciation and amortization

224

227

218

33

501

445

66

Adjusted EBITDA

916

91

355

53

700

446

66

Adjusted EBITDA margin

16 %

2 %

9 %

9 %

7 %

5 %

5 %

Net (loss)/income attributable to Trip.com Group Limited

(647)

(989)

69

10

1,133

(920)

(137)

Add: Share-based compensation

366

223

304

45

660

527

79

Add: Loss/(Gain) from fair value changes of equity securities investments
and exchangeable senior notes

1,053

785

(668)

(100)

(1,314)

117

17

Add: Tax effects on fair value changes of equity securities investments and
exchangeable senior notes

(44)

(55)

92

14

45

37

6

Non-GAAP net income/(loss) attributable to Trip.com Group Limited

728

(36)

(203)

(31)

524

(239)

(35)

Weighted average ordinary shares outstanding- Diluted-non GAAP 

645,021,131

647,812,835

647,866,001

647,866,001

656,483,984

647,843,829

647,843,829

Non-GAAP Diluted income/(losses) per share

1.13

(0.06)

(0.31)

(0.05)

0.80

(0.37)

(0.06)

Non-GAAP Diluted income/(losses) per ADS

1.13

(0.06)

(0.31)

(0.05)

0.80

(0.37)

(0.06)

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=RMB6.6981 on June 30, 2022 published by the Federal Reserve Board.

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CardsPal named the official Ticketing Partner for Legacy Music Festival’s Glowhard, Singapore’s first Hard Dance festival  

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 SINGAPORE, Sept. 3, 2022 /PRNewswire/ — CardsPal has partnered Legacy Music Festival as their official ticketing partner, capitalising on its newly launched e-ticketing feature.  

With the introduction of the e-ticketing feature, CardsPal aims to optimise more than users’ spending, and also value add to users’ lifestyle needs.  

In addition to current features such as cashback calculator and cards comparison, CardsPal users (commonly referred to as ‘pals’) can look forward to seeing more lifestyle elements which includes e-ticketing to music festivals, events and more, all on CardsPal.  

CardsPal, a Singapore-based mobile app start-up, is partnering with Legacy Music Festival as their official ticketing partner for Singapore’s first ever Hard Dance festival event in 2022 – Glowhard. The festival’s focus is to bring hard dance music lovers together, happening on 5th November at The ColiseumTM, Hard Rock Hotel Singapore, Resorts WorldTM Sentosa.

With this partnership, Legacy Music Festival will capitalise on CardsPal’s newly launched e-ticketing feature to enhance the purchasing experience. Pals will be able to seamlessly purchase and manage their event tickets and F&B items, along with other festival-related packages, all within the app. CardsPal’s technology will also make it easier for pals to identify the best card to use for their purchases on the app, with its credit card comparison features and Cashback Calculator. For high-resolution image of user’s purchase journey, you may download from https://bit.ly/GlowhardFestival2022

With Singapore’s music scene growing to be more vibrant and inclusive, Legacy Music Festival will be adding to that variety by organising Singapore’s first-ever hard dance festival. The music festival will feature acts from world renowned music producer Darren Styles, homegrown DJs like Inquisitive, ParaMercy, Our Culture and more over the next couple of weeks.

“The team is excited to bring together exceptional international artists and local DJs for a long-awaited hard dance music festival. At the same time, we are thrilled to be working with CardsPal to deliver a seamless end-to-end experience for both organisers and festival-goers.” says DJ Andrew T, the brains behind Legacy Music Festival– A New Dawn back in 2019. The 2-day music festival took place at Sentosa’s Siloso Beach and saw over 23,000 festival-goers in attendance. The event featured some of the biggest names in the industry including Tiesto, Zedd and Don Diablo, alongside local DJs.  

With this pilot initiative, CardsPal goes beyond providing features that help pals to save with card deals and daily promotions, by introducing more features to add to their day-to-day repertoire. “With our newly-launched e-ticketing feature, we make it easier for our pals to explore the latest live entertainment, deals and maximize their savings all on their mobile devices.” says Gary Garcia, Head of Marketing at CardsPal.   

Echoing his sentiment, co-founder and CEO of CardsPal Saim Yeong Harng added, “Under this partnership, we have found combinations of features that resonates most with our pals. They can look forward to more new lifestyle features in the pipeline beyond the popular cashback calculator, credit cards comparison feature and Must Buy Deals. We aim to truly bring everyday value to our pals’ lifestyle needs through continuously introducing innovative capabilities and features. This partnership also demonstrates our first step to go beyond just helping our pals to save but to also enrich their lifestyle experience.”  

Overseas visitors from Malaysia, Indonesia, Thailand, Vietnam, Hong Kong, Australia, South Korea, Japan, China and India will be able to download CardsPal and make their ticketing purchases for Glowhard here. For visitors from other countries, they may contact CardsPal’s customer support at support@cardspal.com. 

About CardsPal  

CardsPal is a Singapore-based mobile app that aims to be the lifestyle app to add to your daily repertoire. Enabling our pals to identify their best payment option to allow ease of purchases as they focus on living the life they deserve, CardsPal is backed by Standard Chartered Bank via its innovation arm, SC Ventures  

Check out CardsPal by downloading the app on App Store and Google Playstore. For latest information on deals and events, follow them on Facebook, Instagram, Telegram and LinkedIn.   

SC Ventures

SC Ventures is a business unit that provides a platform and catalyst for Standard Chartered to promote innovation, invest in disruptive financial technology and explore alternative business models.

For more information, please visit scventures.io and follow SC Ventures on LinkedIn.

Standard Chartered

We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

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LightInTheBox to Report Second Quarter 2022 Financial Results on Tuesday, September 6, 2022

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SHANGHAI, Aug. 30, 2022 /PRNewswire/ — LightInTheBox Holding Co., Ltd. (NYSE: LITB) (“LightInTheBox” or the “Company”), a cross-border e-commerce company that delivers products directly to consumers around the world, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2022 before the open of U.S. markets on Tuesday, September 6, 2022.

LightInTheBox’s management will hold a conference call to discuss the results at 8:00 a.m. Eastern Time on September 6, 2022 (8:00 p.m. Beijing Time on the same day).

Preregistration Information

Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10024891-4mlfy6f.html. Once preregistration has been complete, participants will receive dial-in numbers, an event passcode, and a unique access PIN.

To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be joined to the conference instantly.

A telephone replay will be available two hours after the conclusion of the conference call through September 14, 2022. The dial-in details are:

US/Canada:

+1-855-883-1031

Hong Kong:

800-930-639

Replay PIN:

10024891

Additionally, a live and archived webcast of the conference call will be available on the Company’s Investor Relations website at http://ir.lightinthebox.com.

About LightInTheBox Holding Co., Ltd.

LightInTheBox is a cross-border e-commerce platform that delivers products directly to consumers around the world. The Company offers customers a convenient way to shop for a wide selection of products at attractive prices through its www.lightinthebox.com, www.miniinthebox.com, www.ezbuy.sg and other websites and mobile applications, which are available in 25 major languages and cover more than 140 countries.

For more information, please visit www.lightinthebox.com.

Investor Relations Contact

Christensen
Ms. Xiaoyan Su
Tel: +86 (10) 5900 1548
Email: ir@lightinthebox.com

OR

Christensen
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

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Source: LightInTheBox Holding Co., Ltd.

PR Newswire

LovelyWholesale Continues To Launch The LW High Stretch Jeans Collection

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SHANGHAI, Aug. 26, 2022 /PRNewswire/ — LovelyWholesale (“LW” or “the Company”), an international online shopping e-commerce clothing brand, continues to launch the LW High Stretch Jeans collection. These comfortable, high-stretch jeans are designed for women with more curves and plus-size women. The LW High Stretch Jeans collection are already available on its website and App in August 2022. There are more than 300 items for consumers to choose from, including straight jeans, flare jeans, stacked jeans, skinny jeans, ripped jeans, etc.

The fabric of the LW High Stretch Jeans contains cotton and spandex. This blend is manufactured with around 90% cotton and 10% spandex. The amount of 10% spandex is much higher than other stretch jeans on the market (slight stretch jeans have the least amount of elastic material at 0.5%, whereas high stretch jeans have the most elastic material at 3%-5% in general. ), which makes LW High Stretch Jeans 4 times higher on stretch percentage than that of regular jeans. The stretch-out length is greater than 5cm. This blended fabric solves the problems of tightness, baggy knees and poor durability in traditional jeans. 

Good blend materials solve the problem of wearing comfort, and the designer of LW High Stretch Jeans has also made a lot of efforts in the body shaping. “When designing this denim collection, it was important to stay true to the material selection and attention to detail. You’ll be able to do anything in the high stretchy jeans,” Monica said, the designer of LW High Stretch Jeans collection. “With so many competitors on the market, my responsibility is to make this collection more competitive in fit.”

LovelyWholesale analyzed more than 800 questionnaire reports. The questionnaire has collected body measurement information on plump body type female, including plus size women, to build a balanced, well-fitting garment construction. Adjusting the arc line of the front rise and back rise of the jeans, as well as the accurate cutting, LW High Stretch Jeans collection has a better effect on butt lifting, tummy-control and making legs look longer and thinner than regular jeans.

“With the advantages of the supply chain and fabric market, the LW High Stretch Jeans collection not only solves the problems of traditional jeans, but also ensures the LW’s price setting principles of ‘benefits customers more’. We hope that this durable&affordable jeans can be enjoyed by more customers and bargain hunters, giving them the shopping experience of finding ‘affordable dupes for expensive brands’,” said Leon, CEO of LW.

For more information on the LW High Stretch Jeans collection, visit LovelyWholesale.com.

About LovelyWholesale: 

Founded in 2010, LovelyWholesale supplies more than 10 thousands of types of fashionable clothing, shoes, jewels, sexy lingerie and accessories. The company focuses on providing higher quality products with competitive price to customers all over the world. LovelyWholesale customers know they can trust in us for everything they need from the latest trend-led pieces to celebrity inspired looks, to the everyday wardrobe staples and that ultimate party piece. LovelyWholesale expects that every customer can find their loved style and enjoy shopping here. 

LovelyWholesale has factories and warehouses all around the world. With the great advantage of fabric resources and hundreds of fashion buyers, LovelyWholesale can provide customers with the latest fashion trends and affordable prices at first time. Over the past 11 years of operation, Lovelywholesale has become one of the most popular online fashion stores in North America.

To learn more about LovelyWholesale, follow us at lovelywholesale.com and instagram.com/lovelywholesale_online

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PR Newswire

Vipshop Named China’s Best Employer and China’s Most Sustainable Employer by Forbes China

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GUANGZHOU, China, Aug. 10, 2022 /PRNewswire/ — In July, Forbes China and Russell Reynolds Associates, a global search and leadership advisory firm, unveiled the results of the 2022 Forbes China – Best Employer Selection. Vipshop Holdings Limited (NYSE: VIPS), China’s leading online discount retailer (“Vipshop” or the “Company”), bagged the titles of China’s Best Employer of the Year and China’s Most Sustainable Employer of the Year for its first participation in the selection.

Vipshop Headquarters Building
Vipshop Headquarters Building

The selection process lasted three months with feedback received from both employers and employees through open entries, questionnaires and other survey methods. Experts from various fields were invited to evaluate the companies from many viewpoints, ensuring the neutrality and professionalism of the process.

In recent years, Vipshop has made sustainability a key component of its workplace improvement. The company has been committed to providing workers with attractive and comprehensive benefits by building a sound career development system and creating a dynamic and inclusive working environment.

Vipshop has established a personal learning and development program to unlock employees’ potential, while facilitating the growth of both employees and the Company.

Vipshop attaches great importance to maintaining open and positive communications with every employee. To make its management more transparent, Vipshop has organized a series of activities like face-to-face talks with senior management, creating an environment in which employees feel comfortable and are active in making suggestions for improvements, leading to a more open corporate culture.

At the same time, Vipshop has been named as a pilot organization by the All-China Federation of Trade Unions with the mission of improving life quality for employees. The company has been quite successful in enhancing the sense of belonging and satisfaction among employees by establishing staff service stations, offering wellness and healthcare services to special staff groups, setting up a staff mutual fund, and hosting a variety of clubs, family days and parent-child activities.

Employees are Vipshop’s close partners on the road to sustainable development. The company has made a strong commitment to engendering a sense of responsibility for environmental protection, publicizing the importance of energy conservation, and to launching green public service activities, with the goal of creating a healthy and environmentally-responsible office environment.

Meanwhile, Vipshop has expanded its in-house volunteer management program, in a move to encourage its employees to fulfill their social responsibilities by participating in various community public service activities.

Vipshop has been named as one of the Fortune China 500 and China’s Top 500 Private Enterprises for many years. The company will continue with its people-oriented strategy to further enhance employee satisfaction, making Vipshop a place that employees are proud of, and creating a bright and sustainable future for the employees.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit https://ir.vip.com/.

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Yunji’s Technology-empowered Private Label SUYE Celebrates Its 12th Anniversary

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HANGZHOU, China, Aug. 1, 2022 /PRNewswire/ — Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced the celebration of its private-label skin care brand SUYE’s 12th anniversary. SUYE generated over 21 million RMB sales of its high-quality products during its anniversary month of July, including its newly launched GHK-Cu (Copper Glycyl-histidine-tripeptide) multi-effect repairing freeze dried set and polypeptide anti-wrinkle kit. In line with its 12-year development as a socially-conscious brand, SUYE actively participates in charitable activities and contributes to social welfare.

SUYE provides customers with effective and professional products by leveraging its cutting-edge biotechnology and by partnering with top-tier international companies in product development. Since 2016, SUYE has collaborated with a Netherlands-based company, and their joint research revealed the effective anti-aging properties of peptides. Building on this discovery, SUYE has invested extensively in peptide research and developed a wide variety of products that utilize their unique properties. SUYE has gradually implemented product-development strategies that enable its customers to better meet their skin care needs, incorporating professional ingredients typically only utilized in medical aesthetics into its product line. During 2021, SUYE further embraced this approach by launching skin care products that contain ingredients used in mesotherapy treatments. With a research philosophy that emphasizes innovation and application of the latest advances in medical aesthetics, Yunji is committed to providing its customers with safe and effective skincare solutions.

In addition to these successful product developments, SUYE has further committed itself to philanthropic causes. SUYE has partnered with nonprofit dental care provider Future Smile Charitable Foundation, Alibaba’s public welfare group, and other organizations to launch its “Donate for Love” welfare initiative. Donate for Love provides free medical examinations and reconstructive surgery for patients with head and facial deformities, allowing them to smile more confidently.

Shanglue Xiao, Founder and CEO of Yunji, commented, “We are excited by the enthusiastic reception SUYE’s biotechnology-infused products have received from our users. As one of Yunji’s beauty brands’ key private labels, SUYE is synonymous with high-quality products that deliver innovative and effective anti-aging solutions.”

Safe Harbor Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the quotations from management in this announcement, as well as Yunji’s strategic and operational plans, contain forward-looking statements. Yunji may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report 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 but not limited to statements about Yunji’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Yunji’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to Yunji’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Yunji’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Yunji undertakes no obligation to update any forward-looking statement, except as required under applicable law.

About Yunji Inc.

Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company’s e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.

For more information, please visit https://investor.yunjiglobal.com/

Investor Relations Contact

Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

ICR, LLC
Robin Yang
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

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Source: Yunji Inc.

PR Newswire

Over 80 out of top 100 supermarkets in China 2021 are accessible on JDDJ and Shop Now

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  • About 50 supermarkets out of the top 100 are connected to Dada Group’s Haibo system.
  • China’s brick-and-mortar retailers’ online sales up 40% yoy in 2021, reflecting huge opportunities in online channels.

SHANGHAI, July 30, 2022 /PRNewswire/ — Among top 100 supermarkets in China, over 80 are in partnership with JDDJ, the on-demand retail platform operated by Dada Group (Nasdaq: DADA), as well as JD.com’s on-demand retail service Shop Now. Plus, nearly half of the 100 leading players are connected to the Haibo system, a proprietary omni-channel O2O operating system developed by Dada Group for retailers, enabling merchants to carry out O2O operations across multiple channels efficiently.

The China Chain Store and Franchise Association (CCFA) released recently the top 100 list of supermarkets by sales, based on a survey conducted by the Association on the operation results across China’s supermarket industry in 2021.

Brick-and-mortar retailers’ omni-channel development is accelerating amid pandemic resurgence. According to the survey, the online share in overall sales of supermarkets kept increasing in 2021 with a growth of 40 per cent year-over-year in amount. The on-demand form of retail, which is characterized by “consumers placing orders online, followed by retailers delivering orders through offline stores within an hour”, is becoming a solid driver for physical merchants in China.

Dada Group strategically undertakes the operation of JDDJ and Shop Now, which are part of JD.com’s business layout in the on-demand retail as well. Through its digital capabilities, Dada Group is dedicated to empowering retailers’ omni-channel development and digital transformation. As of now, JDDJ and Shop Now have a nation-wide presence in over 1,700 counties and cities with a service coverage of more than 150,000 physical stores across all product categories.

About Dada Group

Dada is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The company’s two platforms are inter-connected and mutually beneficial. The Dada Now platform enables an improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol “DADA”.

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PR Newswire

With 24,000 Units Sold During Amazon Prime Day, Bedsure 100% Viscose from Bamboo Sheet Set Claims Top Spot in The Bedding’s Category

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DIAMOND BAR, Calif., July 16, 2022 /PRNewswire/ — Bedsure, a global leading home textile manufacturer with over 18 million cozy customers served to date, is pleased to announce the bestselling Bedsure 100% Viscose from Bamboo Sheet Set has created a new record by becoming the most popular in its category among the competition, as over 24,000 units of the cozy sheet set have been sold within 24 hours, generating a revenue of over $129.98 million from just the bamboo sheet set as Amazon Prime Day concludes.

Since launching in 2019, Bedsure’s 100% Viscose from Bamboo Sheet Set and many other bamboo viscose-based products have helped hundreds of thousands of customers get cozy and comfortable, even during the most uncomfortable hot and humid nights. The popularity resulted in impressive popularity among customers looking for a cozy night’s sleep during hot and humid summer nights and accreditation from media for its comfortable features at a great value.

Some of the real user testimonials include,

“I must report your sheets caused me greatest destress.” –The Baileys, a customer from the United States.

“I’ve been suffering night sweats as of late, and these sheets have been a godsend.” -said Denise, a customer from Canada.

The well-loved Bedsure 100% Viscose from Bamboo Sheet Set is backed by top-tier media outlets, including Forbes, Yahoo, People Magazine, New York Magazine, Real Simple, and much more. “Naturally thermoregulating and breathable to keep you dry through the night,” wrote Forbes, after having extensively tested the natural Bedsure 100% Viscose from Bamboo Sheet Set.

“If you haven’t yet experienced the pleasure of sliding into bed on top of refreshingly cool sheets, you’re going to want to change that ASAP.” People.com reviewed Bedsure’s 100% Viscose from Bamboo Sheet Set and provided the statement after reviewing the life-changing sheet set during a hot, humid summer night.

The demand boom for Bedsure’s famous viscose from bamboo-based products, though surprising, is not unexpected from the larger picture, given the life-changing experience for customers living in a warmer climate and the backing from the world-renowned media outlet.

“We’re honored to see the market reaction to the Bedsure 100% Viscose from Bamboo Sheet Set.” Said Lyndon Cao, CMO of Bedsure. “We conduct extensive market research on the fabric before a product even reaches the R&D stage to ensure that our products can provide the maximum coziness in scenarios where applicable. Our 100% Viscose from Bamboo fabric is the result of fine engineering that sets ourselves apart from the competition.”

What sets Bedsure’s 100% Viscose from Bamboo fabric apart from the rest is the artisan craftsmanship that made the Bedsure variation far superior. Bedsure’s 100% Viscose from Bamboo fabric is extra durable to withstand wear and tear; A special treatment is applied to reduce the wrinkles on bamboo-based fabrics; A stain-resistant application is added to the fabric to ensure the moisture-wicking fabric does not stain easily from excess liquid content, such as sweat.

With all the Bedsure enhancement and the natural bamboo-based benefits made to the 100% viscose from bamboo fabric, this Bedsure fabric is Standard 100 by OEKO TEX certified. The certification verifies that Bedsure’s bamboo-based products are free from harmful chemicals and materials from end to end.

As of July 2022, Bedsure 100% Viscose from Bamboo Sheet Set has been rated by over 40,000 customers on Amazon with an average star rating of 4.5/5. The bamboo-based sheet set is made available in 11 colors and 6 different size options, including the college dorm-friendly Twin-XL, making the sheet set suitable for virtually all families in America.

In addition to the Prime Day top seller Bedsure 100% Viscose from Bamboo Sheet Set, Bedsure also has a wide range of viscose from bamboo products in its current offering that comprehensively covers all needs of a hot sleeping and night sweating customer.

Bedsure Embroidered Bamboo Viscose Sheet Set 

The Embroidered Bamboo Viscose Sheet Set features a stylish and trendy ivory-colored foliage-like embroidery on the side that subtly highlights its elegant color choice and compliments any bedrooms in which it resides. The 250 Thread Count 100% Viscose from Bamboo Fiber utilized in the Embroidered Bamboo Viscose Sheet Set is made with a durable twill weave, making the sheet set softer and more breathable, and more durable than traditional bamboo sheets.

In addition, Bedsure’s viscose from bamboo fabric is also innovatively incorporated into the fabric of other products to take advantage of the benefits of bamboo, expanding breathability, moisture-wicking, and extra thermoregulating feature to more product lineup.

Bedsure 50% Cotton 50% Viscose from Bamboo Waffle Weave Blanket

Launched in 2020, Bedsure 50% Cotton and 50% Viscose from Bamboo Waffle Weave Blanket adds extra breathability and moisture wicking to the classic Bedsure 100% Cotton Waffle Weave Blanket. The added bamboo fiber increases the blanket’s ability to regulate temperature and wick away moisture while retaining its cotton variant’s breathability and warmth elements.

Bedsure Cooling Blanket with Bamboo Viscose 

The Bedsure Cooling Blanket with Bamboo Viscose has immediately crowned the Amazon’s Choice status upon launch. Now featuring the Arc-Chill cooling technology, the Bedsure Cooling Blanket with Bamboo Viscose features the Q-Max score of 0.4, doubling the industry standard with an instant cooling effect upon contact.

On the reverse side, the Bedsure Cooling Blanket features a layer of innovative cooling fabric consisting of bamboo viscose and a cooling yarn blend, making this cooling blanket a dual-side summer companion. In addition, the viscose from bamboo also brings extra breathability and moisture-wicking ability to the summer blanket.

For Bedsure’s full product lineup, including those made available in college-friendly Twin XL size, please visit: https://www.amazon.com/stores/BEDSURE/page/8D364C1E-A5B5-4A23-BED7-91D5BBCF3D8E.

About Bedsure From the moment you wake up to the second you fall asleep, Bedsure aims to make you and your family comfortable. Founded in 2016, Bedsure is a leading home textile manufacturer with products sold to over 18 million customers in the US and Europe. Since its founding, Bedsure has maintained a compound growth rate of 100% for five consecutive years. While Bedsure has grown into a global company with diverse products to meet different customer needs, its focus on comfortable home products and everyday value stays the same.

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