Yunji Recognized with Commerce Award by Harvard Business Review and Context Lab
Acknowledges Yunji’s Innovative e-Commerce Platform Driven by Social Interactions
HANGZHOU, China – October 10, 2018 – Yunji (the “Company”), a Chinese e-commerce platform driven by social interactions, has recently received the annual Social-Based Commerce award, courtesy of Harvard Business Review and Context Lab.
Shanglue Xiao, the Founder and CEO of Yunji (Center Left) accepts the award on behalf of the Company on October 9, 2018.
Each year, Harvard Business Review and Context Lab recognize leading companies in China that are reshaping traditional industries to provide new opportunities for consumers by leveraging new technologies, intelligent solutions and innovative business practices.
This year, Yunji was recognized for its unique e-commerce business model, which is driven by social interactions. Yunji’s platform introduces consumers to a carefully curated selection of products that fit their needs and interest by their friends, family and respected opinion leaders. The Company has worked closely with more than 1,000 brands to carefully select a group of attractive products for share-loving members. As the e-commerce sector further evolves, Yunji remains at the forefront of change as the Company seeks to strengthen its social e-commerce platform and achieve its strategic growth objectives.
“This is an exciting time for the e-commerce industry in China, and we are thrilled to be recognized by Harvard Business Review and Context Lab as one of the companies driving change and creating new opportunities for consumers in both urban and rural environments,” said Shanglue Xiao, Founder and CEO of Yunji. “Since founding Yunji in 2015, we have remained committed to providing our paid members and end customers with an unmatched social shopping experience. As we transition into Yunji’s next phase of development, we are excited about the new possibilities for our paid members, customers and the e-commerce sector at large.”
“As one of the pioneers of social-driven e-commerce in China, Yunji’s approach to combining personalized recommendations and gamified sharing with an empowered group of active and share-loving members has set the Company apart,” said Sheng Wu, Founder of Context Lab. “Yunji embodies what these awards represent, and we are pleased to honor the Company’s leadership and innovation in the e-commerce industry.”
Shanglue Xiao accepted the award on behalf of Yunji at the New Business Talk 2018 Festival in Beijing on October 9, where he also gave a keynote address on how to “Let Value Flow Freely”.