ECMOHO Limited Launches B2B Supply & Marketing Platform to Facilitate over 100 million RMB GMV
28 Julio 2021 - 3:00AM
ECMOHO Limited (Nasdaq: MOHO) (“ECMOHO” or the “Company”), a
leading integrated solutions provider in the health and wellness
market in China, today announced the recent launch of a B2B supply
and marketing platform to comprehensively upgrade its digital
supply chain management capabilities. While greatly improving the
digital management efficiency of internal warehousing, logistics
and other links, it will also empower ECMOHO’s partners in the
future to work together to build a digital supply chain.
Given the many shortcomings of traditional health product
procurement and management processes, the launch of ECMOHO’s online
B2B supply and marketing platform will promote transparency in the
supply chain for health products. Currently, health product
procurement is not standardized, and many factors in the supply
chain remain opaque, keeping costs high and important information
obscure. ECMOHO’s platform will greatly facilitate companies in
obtaining preferential procurement prices, achieve centralized
procurement functions, and more efficiently utilize resources. It
will also assist in the training of procurement talent, promote
division of labor to reduce cost of procurement operations and
improve efficiency, all while storing important information in
digital form, which can be accessed and searched with one key to
provide convenience for subsequent one-stop management.
Ms. Zoe Wang, Chairman and CEO of ECMOHO, commented: “The
Company’s B2B supply and marketing platform covers many categories,
including nutrition and supplements, nourishing health foods,
maternal and infant health, and medical equipment, among others, to
meet various procurement needs. The platform is also compatible
with the logistics and services enabling system, and will provide
ECMOHO’s partner brands, which are well-established domestic and
foreign companies, with professional and accurate information
services, to help promote beneficial interaction within the health
industry supply chain. As we initiate the B2B platform, we expect
the total GMV ('Gross Merchandise Value') via B2B platform will be
over 100 million RMB this year. In the future, ECMOHO will work
towards providing a convenient, integrated digital warehousing and
supply chain management platform for more partnership brands.”
About ECMOHO Ltd.
ECMOHO is a leading integrated solutions provider in the health
and wellness market in China. The company curates and sells the
best global brands and quality products to Chinese health-conscious
consumers. Our technology, network and expertise in marketing and
distribution empower us to connect families with advanced health
supplements, nutrition and food items, personal care products,
household healthcare equipment and other wellness products. Through
over ten years of operation, ECMOHO has established an ecosystem of
trusted products and relationships to provide customized solutions
which promote health regeneration, impart therapeutic benefits, and
increase longevity to our devoted consumers to sustain health. For
more information, please visit http://ir.ecmoho.com/.
For investor and media inquiries, please contact:
ECMOHO Ltd.Investor RelationsEmail: IR@ecmoho.com
Safe Harbor Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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," "target,"
"going forward," "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, such as the
total GMV via B2B platform, the Company’s expectations regarding
demand for and market acceptance of B2B platform, and the
effectiveness of the Company’s targeted marketing of B2B platform,
all of which are difficult to predict and many of which are beyond
the Company's control, which may cause the Company's actual
results, performance or achievements to differ materially from
those in the forward-looking statements. 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. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
Investor Relations Agency Contact:
William Tu / Scott PowellSkyline Corporate Communications Group,
LLCOne Rockefeller Plaza, 11th FloorNew York, NY 10020Office: (646)
893-5835Email: wtu@skylineccg.com
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