August 11, 2022
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In keeping with a press release by means of the Hong Kong Inventory Trade (HKEx) on Monday, Zibuyu Staff has submitted an utility for record to its primary board, with Huatai Global and ABC Global as co-sponsors. The corporate in the past submitted an utility to the HKEx on June 30 ultimate yr, which has now been deemed invalid.

Since its established order in 2011, Zibuyu specializes in promoting clothes and footwear via third-party e-commerce platforms. In keeping with Frost & Sullivan’s knowledge, the corporate ranks 1/3 locally amongst all cross-border traders in the case of gross products quantity (GMV) in 2020, occupying a zero.4% marketplace proportion.

As well as, in the case of GMV generated in North The us in 2020, the corporate ranks first amongst all Chinese language cross-border traders, occupying a zero.5% marketplace proportion.

The benefits of Zibuyu come with a robust design staff that is in a position to temporarily determine developments and meet converting buyer wishes, wealthy revel in in virtual control and provide chain integration.

Zibuyu additionally disclosed that from 2019 to 2021, the corporate’s annual income was once 1.429 billion yuan ($226 million), 1.898 billion yuan and a couple of.347 billion yuan respectively, and its annual income have been 81.109 million yuan, 114 million yuan and 201 million yuan.

SEE ALSO: Kuaishou E-Trade Implements Measures to Construct Consumer Consider

Since 2020, many cross-border e-commerce corporations have attempted going public. Kuajingtong, New Century Knowledge Generation, and LightInTheBox have been indexed successively. Within the first part of 2021,, Zhiou Generation, Suntek Corps and Meetsocial Staff submitted IPO additionally submitted programs to the HKEx or Shenzhen Inventory Trade.

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