Youzan'S Performance In 2020: Revenue Of 1.82 Billion Yuan, 60000 New Paying Businesses

On March 28, China youzan released its 2020 performance, with annual revenue of 1.82 billion yuan, a year-on-year increase of 56%, and a loss of 550 million yuan, and a loss of 320 million yuan after adjustment. In 2020, the total transaction volume of youzan service businesses reached 103.7 billion yuan, an increase of 61% over the same period of last year; 59940 new paying businesses were added, with a year-on-year increase of 10%. The average annual sales of merchants exceeded 1 million, with a year-on-year increase of 36%.

By the end of 2020, the total number of stores managed by chain stores using youzan products is about 10 times that of 2019. The number of stores managed by youzan products by a single merchant has reached more than 2500. City beauty, heshengyuan, Wanjiale and other brand businesses have used youzan chain to manage more than 300 stores.

In addition, the number of new signing and paying merchants for products such as youzan retail, Yousong industry and youzan education increased by nearly 100% year on year. The famous brand "Silk region Yangfa" has 1500 stores connected with the praise industry. In 2020, it has won 100000 orders and sold 23 million yuan. Through youzan education, the youth camp curriculum and study tour project "Three Bears Education Travel" has realized the digital management of 9 campuses. 30% of its performance income comes from youzan, and the repurchase rate reaches 64%.

As more and more large and medium-sized chain enterprises access youzan, the proportion of youzan head and waist businesses has also increased significantly. In 2020, the number of youzan head and waist businesses accounted for 45%, with a year-on-year increase of 30%.

At the same time, youzan launched the "k100 plan" internally through the customization ability of youzan cloud PAAS, providing Omni channel digital system scheme and implementation, as well as private domain operation planning and landing services for large brands and retailers, so as to improve the business effect of private domain operation for businesses. By the end of 2020, youzan has served more than 300 large customers through this capability.

In 2020, the total transaction volume of youzan service providers will exceed 100 billion, and the annual sales volume of businesses will also exceed 1 million, with a year-on-year increase of 36%.

In 2020, youzan's annual R & D investment will reach 450 million, accounting for 25% of the total revenue.

In addition, youzan app market is constantly introducing third-party developers. By the end of 2020, more than 235000 businesses have subscribed to applications provided by third-party developers through youzan app market. In 2020, the transaction volume of youzan application market will increase by 342% year on year