ECMOHO Limited Achieves Single-Event Single-Brand Sales Volume of RMB 2.4 Million by Utilizing “Golden” Social Media Opportunity
30 Julio 2021 - 7:39AM
ECMOHO Limited (Nasdaq: MOHO) (“ECMOHO” or the “Company”), a
leading integrated solutions provider in the health and wellness
market in China, recently teamed up with famous Chinese actress Eva
Huang to launch the live broadcast for a brand-new line of health
equipment. Its flagship KGC DreamCloud Smart Massage Chair, with
its powerful and comprehensive functions, attracted nearly 2
million users, and achieved a single-event, single-brand gross
merchandise value (GMV) of RMB 2.38 million. With the general rise
of interest-based social media, GMV of goods sold via Douyin in the
past year increased 50 times year-over-year. Many of ECMOHO’s
partnership brands gained market share and sales during the June
“618” event this year.
With health equipment and small health appliances being
sought-after by consumers worldwide, and with China becoming the
fastest growing market for massage-related products, there is ample
opportunity for health appliance makers. According to China
Economic Net, from 2010 to 2020, China's massage appliance market
grew from RMB 4.9 billion to RMB 14.8 billion. But despite strong
demand for massage products, health appliance makers face a dilemma
when looking for new growth opportunities. Due to market
fragmentation and dispersion of consumers’ energy and attention, it
is difficult for brands to find new target customers and convert
these into sales. Fortunately, ECMOHO understands the needs of
brand owners for marketing opportunities, and continuously seeks
new channels for promoting health products to help partner brands
achieve new growth objectives.
According to data from Timon Research Institute, in 2021, 27% of
consumers will switch from graphic e-commerce to live-streaming
shopping, and 34% of consumers are impulse buyers who made a
purchase after seeing a live broadcast or a promotion by internet
celebrities. The head of the Douyin business division at ECMOHO
commented: “After marketing efforts on Douyin, we have gained a
deeper understanding of traffic decentralization. ECMOHO focuses on
a marketing strategy that targets various consumers and uses
professional content that generates consumer interest, which then
turns into consumption via the "viewing to interest to sales”
approach. For example, utilizing live broadcasts by actress Eva
Huang, the consumers’ decision-making process was shortened
significantly for big-ticket item purchases. As our business on
Douyin deepens, we expect that the gross merchandise value (GMV) of
interest-based social media sales in 2021 will exceed RMB 30
million.Given the trend in social media e-commerce, ECMOHO’s
business growth is expected to arise from two main areas. One is in
providing business solutions via Douyin for existing core, mature
partner brands; the other is supporting and nurturing new brands
through Douyin’s strong brand promotion and innovation capability,
to develop targeted content that will reach more consumers for new
brands and products. We have already successfully helped Jiangzhong
Food Therapy through a four-dimensional integrated approach,
utilizing our in-house broadcasting team, talent matrix, marketing
campaigns, and head key opinion leaders (KOLs) to help partner
brands achieve sales explosion. In the future, we will replicate
this model from existing users.”
Looking forward, ECMOHO will collaborate with more KOLs, and
also rely on its own multi-channel network operation teams, to
accelerate the promotion of IP-based and brand-effect private
domain traffic for various health brands, including KGC medical
instruments. This will propel ECMOHO to become one of the most
influential live-broadcast sources for health products in China,
and allow it to better help partner brands realize their goals of
increasing brand awareness and recognition among Chinese
consumers.
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 Douyin, the performance of KGC and Jiangzhong Food
Therapy, the Company’s expectations regarding demand for and market
acceptance of products via Douyin, KGC, Jiangzhong Food Therapy and
the effectiveness of the Company’s targeted marketing of Douyin,
KGC, Jiangzhong Food Therapy, 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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