The share price dropped from $11 to $3.27, and Q3’s revenue in 2020 dropped by 61.5% year on year

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The following is the The share price dropped from $11 to $3.27, and Q3’s revenue in 2020 dropped by 61.5% year on year recommended by recordtrend.com. And this article belongs to the classification: Industry information.

As of November 30, the share price of social e-commerce platform cloud has fallen to $3.27, down more than two-thirds from the issue price of $11.

Not long ago, Yunji released its financial report for the third quarter of 2020. According to the financial report, Yunji’s total revenue in the third quarter of 2020 was 1.066.7 billion yuan (about US $157.1 million), a decrease of 61.5% from 2773.1 million yuan in the same period of last year. According to the US GAAP, the adjusted net loss was 36.4 million yuan (about 5.4 million US dollars), compared with 24.9 million yuan in the same period of last year.

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