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MEXC Announces the Listing of Balance (EPT) with 6,000,000 EPT and 50,000 USDT in Rewards

VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has announced that it will list Balance (EPT) on April 21, 2025 (UTC). To celebrate the listing, the platform has launched a series of events featuring a total reward of 6,000,000 EPT and 50,000 USDT for users.

MEXC Announces the Listing of Balance (EPT) with 6,000,000 EPT and 50,000 USDT in Rewards
MEXC Announces the Listing of Balance (EPT) with 6,000,000 EPT and 50,000 USDT in Rewards

Balance is an innovative Web3 platform that integrates AI and blockchain technologies to create immersive digital interaction experiences. Developed by the team behind E-PAL, the world’s largest game companion platform. Balance offers services such as Human Epal, AI Epal, AI-Driven Battle Report System, and more. These features effectively address key challenges in blockchain gaming, including security, scalability, and development efficiency.

$EPT is the native utility token of the Balance ecosystem, with a total supply of 10 billion tokens. It functions as the core medium powering payments, governance participation, and on-chain transactions across the platform, forming a highly synergistic and sustainable internal economy.

In celebration of the Balance (EPT) listing, MEXC is launching a series of events to offer users exclusive opportunities to earn generous rewards.

The key details are as follows:

  • Event 1: EPT Launchpool – Stake USDT, MX and EPT to Share 4,800,000 EPT
    Event Period: April 21, 2025, 12:00 – April 24, 2025, 10:00 (UTC)
    Users can stake USDT, MX, or EPT to earn valuable rewards through MEXC’s EPT Launchpool.
  • Event 2: Join Airdrop+ to Share 1,200,000 EPT & 50,000 USDT Bonus
    Event Period: April 21, 2025, 12:00 – May 1, 2025, 10:00 (UTC)
    Benefit 1: Deposit and share 960,000 EPT (New user exclusive)
    Benefit 2: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
    Benefit 3: Invite new users and share 240,000 EPT (For all users)
  • Event 3: Spread the Word & Win
    Event Period: April 21, 2025, 10:00 – April 27, 2025, 23:59 (UTC)
    Users who share the EPT events on social media during the event period can win extra rewards.

As a global exchange, MEXC drives innovation across emerging sectors such as Web3 gaming, AI, and DePIN by offering deep liquidity, streamlined market access, and performance-based incentive programs. The listing of EPT opens new investment avenues in the rapidly evolving AI-driven gaming space.

MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. Looking ahead, MEXC remains committed to expanding its asset offerings and helping users seize timely opportunities in the fast-moving crypto market.

For full event details and participation rules, please visit here.

About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website| X | Telegram |How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

Yunji Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results

HANGZHOU, China, April 21, 2025 /PRNewswire/ — Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024[1].

Fourth Quarter 2024 Highlights

  • Total revenues in the fourth quarter of 2024 were RMB97.1 million (US$13.3 million), compared with RMB149.1 million in the same period of 2023. The change was primarily due to soft consumer confidence and the Company’s continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, which had a near-term impact on sales.
  • Repeat purchase rate[2] in the twelve months ended December 31, 2024 was 71.9%.

Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, said, “As we navigate the current market landscape, we are making progress in repositioning Yunji as the leading platform for organic health products. We have focused our operations on high-margin, high-repeat purchase categories, particularly organic health foods and nutritional products. In 2025, we aim to transform Yunji into an experiential health and wellness destination through our expanding health-focused ecosystem.”

“In the fourth quarter, we optimized our cost structure by refining our staff structure and significantly reducing fulfillment and technology expenses year-over-year. As we enter 2025, we will maintain financial discipline while investing strategically to drive sustainable growth and improve profitability.” said Mr. Yeqing Cui, Senior Financial Director of Yunji.

Fourth Quarter 2024 Unaudited Financial Results

Total revenues were RMB97.1 million (US$13.3 million), compared with RMB149.1 million in the same period of 2023. This change was primarily due to soft consumer confidence and the Company’s continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, which had a near-term impact on sales.

  • Revenues from sales of merchandise were RMB75.5 million (US$10.3 million), compared with RMB112.3 million in the same period of 2023.
  • Revenues from the marketplace business were RMB19.4 million (US$2.7 million), compared with RMB34.3 million in the same period of 2023.
  • Other revenues were RMB2.2 million (US$0.3 million), compared with RMB2.5 million in the same period of 2023.

Total cost of revenues decreased by 36.9% to RMB50.2 million (US$6.9 million), or 51.7% of total revenues, from RMB79.6 million, or 53.4% of total revenues, in the same period of 2023. The decrease was primarily attributable to the change in merchandise sales, for which revenues and cost of revenues are recognized on a gross basis. Total cost of revenues, which primarily comprises the costs related to the sales of merchandise, decreased accordingly in the fourth quarter of 2024.

Total operating expenses increased by 14.9% to RMB126.2 million (US$17.3 million) from RMB109.8 million in the same period of 2023.

  • Fulfillment expenses decreased by 33.9% to RMB16.4 million (US$2.3 million), or 16.9% of total revenues, from RMB24.8 million, or 16.6% of total revenues, in the same period of 2023. The decrease was primarily due to (i) reduced personnel costs as a result of staffing structure refinements, (ii) reduced warehousing and logistics expenses due to lower merchandise sales, and (iii) decreased service fees charged by third-party payment settlement platforms.
  • Sales and marketing expenses increased by 6.0% to RMB30.2 million (US$4.1 million), or 31.1% of total revenues, from RMB28.5 million, or 19.1% of total revenues, in the same period of 2023. The increase was primarily due to an increase in business promotion expenses.
  • Technology and content expenses decreased by 29.2% to RMB8.5 million (US$1.2 million), or 8.8% of total revenues, from RMB12.0 million, or 8.1% of total revenues, in the same period of 2023. The decrease was primarily due to (i) the reduction in personnel costs as a result of staffing structure refinements, and (ii) reduced server costs.
  • General and administrative expenses increased by 59.8% to RMB71.1 million (US$9.7 million), or 73.2% of total revenues, from RMB44.5 million, or 29.8% of total revenues, in the same period of 2023. The increase was primarily due to (i) an increase in severance pay as a result of staffing structure refinements, and (ii) an impairment of long-lived assets other than goodwill, partially offset by a decrease in an allowance for credit losses.

Loss from operations was RMB77.7 million (US$10.6 million), compared with RMB39.5 million in the same period of 2023.

Financial loss, net was RMB2.6 million (US$0.4 million), compared with financial loss, net of RMB23.4 million in the same period of 2023, primarily due to a decrease in the fair value changes of equity securities investments.

Net loss was RMB85.0 million (US$11.7 million), compared with RMB65.9 million in the same period of 2023.

Adjusted net loss (non-GAAP)[3] was RMB84.5 million (US$11.6 million), compared with RMB65.0 million in the same period of 2023.

Basic and diluted net loss per share attributable to ordinary shareholders were both RMB0.04 (US$0.01), compared with RMB0.03 in the same period of 2023.

Fiscal Year 2024 Unaudited Financial Results

Total revenues were RMB417.7 million (US$57.2 million), compared with RMB640.2 million in the full year of 2023. The decrease was primarily due to the same factors that led to the quarterly decrease.

  • Revenues from sales of merchandise were RMB330.5 million (US$45.3 million), compared with RMB500.7 million in the full year of 2023.
  • Revenues from the marketplace business were RMB79.5 million (US$10.9 million), compared with RMB130.2 million in the full year of 2023.
  • Other revenues were RMB7.7 million (US$1.0 million), compared with RMB9.3 million in the full year of 2023.

Total cost of revenues decreased by 36.5% to RMB211.3 million (US$28.9 million) from RMB332.8 million in the full year of 2023. This decrease was primarily attributable to the same factors that led to the quarterly decrease.

Total operating expenses were RMB349.2 million (US$47.8 million), compared with RMB403.0 million in the full year of 2023.

  • Fulfillment expenses decreased by 29.2% to RMB76.1 million (US$10.4 million), or 18.2% of total revenues, from RMB107.5 million, or 16.8% of total revenues, in the full year of 2023. The decrease was primarily due to the same factors that led to the quarterly decrease.
  • Sales and marketing expenses decreased by 19.8% to RMB97.0 million (US$13.3 million), or 23.2% of total revenues, from RMB121.0 million, or 18.9% of total revenues, in the full year of 2023. The decrease was mainly due to the reduction in member management fees.
  • Technology and content expenses decreased by 14.8% to RMB45.6 million (US$6.3 million), or 10.9% of total revenues, from RMB53.5 million, or 8.4% of total revenues, in the full year of 2023. The decrease was primarily due to the same factors that led to the quarterly decrease.
  • General and administrative expenses increased by 7.9% to RMB130.5 million (US$17.9 million), or 31.2% of total revenues, from RMB121.0 million, or 18.9% of total revenues, in the full year of 2023. The increase was primarily due to the same factors that led to the quarterly decrease.

Loss from operations was RMB136.3 million (US$18.7 million), compared with RMB80.6 million in the full year of 2023.

Financial income, net was RMB17.3 million (US$2.4 million), compared with financial loss, net of RMB60.2 million in the full year of 2023, primarily due to an increase in the fair value changes of equity securities investments.

Net loss was RMB123.1 million (US$16.9 million), compared with RMB165.1 million in the full year of 2023.

Adjusted net loss[3] was RMB120.7 million (US$16.5 million), compared with RMB166.0 million in the full year of 2023.

Basic and diluted net loss per share attributable to ordinary shareholders were both RMB0.06 (US$0.01), compared with RMB0.08 in the full year of 2023.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses adjusted net loss as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net loss as net loss excluding share-based compensation.

The Company presents adjusted net loss because it is used by management to evaluate operating performance and formulate business plans. Adjusted net loss enables management to assess operating performance without considering the impact of share-based compensation recorded under ASC 718, “Compensation-Stock Compensation.” The Company also believes that the use of this non-GAAP measure facilitates investors’ assessment of operating performance.

This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. One of the key limitations of using adjusted net loss is that it does not reflect all items of income and expense that affect the Company’s operations. Share-based compensation has been and may continue to be incurred in Yunji’s business and is not reflected in the presentation of adjusted net loss. Further, this non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. Yunji encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

For more information on the non-GAAP financial measures, please see the table captioned “Reconciliation of Non-GAAP Measures to the Most Directly Comparable Financial Measures” set forth at the end of this press release.

Conference Call

The Company will host a conference call on Monday, April 21, 2025 at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings. Listeners may access the call by dialing the following numbers:

International:

1-412-902-4272

United States Toll Free:

1-888-346-8982

Mainland China Toll Free:  

4001-201203

Hong Kong Toll Free:     

800-905945

Conference ID: 

Yunji Inc.

A telephone replay of the call will be available after the conclusion of the conference call for one week.

Dial-in numbers for the replay are as follows:

United States Toll Free

1-877-344-7529

International

1-412-317-0088

Replay Access Code

1068073

Safe Harbor Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the quotations from management in this announcement, as well as Yunji’s strategic and operational plans, contain forward-looking statements. Yunji may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Yunji’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Yunji’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to Yunji’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Yunji’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Yunji undertakes no obligation to update any forward-looking statement, except as required under applicable law.

About Yunji Inc.

Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company’s e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.

For more information, please visit https://investor.yunjiglobal.com/ 

Investor Relations Contact

Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

ICR, LLC
Robin Yang
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except for share and per share data, unless otherwise noted)

As of

December 31,

2023

December 31,

2024

RMB

RMB

US$

ASSETS

Current Assets

Cash and cash equivalents

517,542

219,365

30,053

Restricted cash

27,169

23,467

3,215

Short-term investments

7,195

Accounts receivable, net

64,312

56,233

7,704

Advance to suppliers

14,058

9,810

1,344

Inventories, net

42,716

29,448

4,034

Amounts due from related parties

1,361

662

91

Prepaid expenses and other current assets[4]

134,247

177,187

24,275

Total current assets

808,600

516,172

70,716

Non-current assets

Property and equipment, net

175,451

205,450

28,147

Land use rights, net[5]

174,437

23,898

Long-term investments

364,159

364,534

49,941

Operating lease right-of-use assets, net

16,507

13,809

1,892

Other non-current assets[6]

189,067

78,050

10,692

Total non-current assets

745,184

836,280

114,570

Total assets

1,553,784

1,352,452

185,286

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except for share and per share data, unless otherwise noted)

As of

December 31,

2023

December 31,

2024

RMB

RMB

US$

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

Current Liabilities

Accounts payable

96,782

54,678

7,491

Deferred revenue

9,412

8,596

1,178

Incentive payables to members[7]

124,889

66,039

9,047

Member management fees payable

4,373

1,263

173

Other payable and accrued liabilities

109,200

126,177

17,286

Amounts due to related parties

3,535

1,645

225

Operating lease liabilities – current

3,376

3,845

527

Total current liabilities

351,567

262,243

35,927

Non-current liabilities

Operating lease liabilities

11,122

7,808

1,070

Other non-current liabilities

4,355

597

Total non-current liabilities

11,122

12,163

1,667

Total Liabilities

362,689

274,406

37,594

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except for share and per share data, unless otherwise noted)

As of

December 31,

2023

December 31,

2024

RMB

RMB

US$

Shareholders’ equity

Ordinary shares

70

70

10

Less: Treasury stock

(116,108)

(113,334)

(15,527)

Additional paid-in capital

7,328,680

7,328,336

1,003,978

Statutory reserve

16,254

16,726

2,291

Accumulated other comprehensive income

85,291

93,145

12,761

Accumulated deficit

(6,123,971)

(6,247,557)

(855,911)

Total Yunji Inc. shareholders’ equity

1,190,216

1,077,386

147,602

Non-controlling interests

879

660

90

Total shareholders’ equity

1,191,095

1,078,046

147,692

Total liabilities and shareholders’ equity

1,553,784

1,352,452

185,286

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(All amounts in thousands, except for share and per share data, unless otherwise noted)

For the Three Months Ended

For the Year Ended

December 31,

2023

December 31,

2024

December 31,

2023

December 31,

2024

RMB

RMB

US$

RMB

RMB

US$

Revenues:

Sales of merchandise, net

112,330

75,499

10,343

500,651

330,535

45,283

Marketplace revenue

34,259

19,451

2,665

130,188

79,466

10,887

Other revenues

2,558

2,173

298

9,370

7,650

1,048

Total revenues

149,147

97,123

13,306

640,209

417,651

57,218

Operating cost and expenses:

Cost of revenues

(79,613)

(50,240)

(6,883)

(332,774)

(211,311)

(28,949)

Fulfilment

(24,845)

(16,372)

(2,243)

(107,472)

(76,126)

(10,429)

Sales and marketing

(28,478)

(30,173)

(4,134)

(121,039)

(96,965)

(13,284)

Technology and content

(12,033)

(8,492)

(1,163)

(53,490)

(45,627)

(6,251)

General and administrative

(44,477)

(71,146)

(9,747)

(120,951)

(130,462)

(17,873)

Total operating cost and expenses

(189,446)

(176,423)

(24,170)

(735,726)

(560,491)

(76,786)

Other operating income

780

1,650

226

14,898

6,544

896

Loss from operations

(39,519)

(77,650)

(10,638)

(80,619)

(136,296)

(18,672)

Financial (loss)/ income, net

(23,427)

(2,578)

(353)

(60,226)

17,333

2,375

Foreign exchange income/(loss), net

723

(2,608)

(357)

(6,743)

2,127

291

Other non-operating income/(loss),

 net

31

158

22

(2,405)

785

108

Loss before income tax expense, and
equity in loss of affiliates, net of tax

(62,192)

(82,678)

(11,326)

(149,993)

(116,051)

(15,898)

Income tax expense

(1,328)

(368)

(50)

(7,851)

(2,009)

(275)

Equity in loss of affiliates, net of tax

(2,331)

(1,998)

(274)

(7,276)

(5,061)

(693)

Net loss

(65,851)

(85,044)

(11,650)

(165,120)

(123,121)

(16,866)

Less: net income/(loss) attributable to
non-controlling interests shareholders

11

9

1

9

(11)

(2)

Net loss attributable to YUNJI INC.

(65,862)

(85,053)

(11,651)

(165,129)

(123,110)

(16,864)

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONTINUED)

(All amounts in thousands, except for share and per share data, unless otherwise noted)

For the Three Months Ended

For the Year Ended

December 31,

2023

December 31,

2024

December 31,

2023

December 31,

2024

RMB

RMB

US$

RMB

RMB

US$

Net loss attributable to ordinary shareholders

(65,862)

(85,053)

(11,651)

(165,120)

(123,110)

(16,864)

Net loss

(65,851)

(85,044)

(11,650)

(165,120)

(123,121)

(16,866)

Other comprehensive income

 Foreign currency translation adjustment

(10,302)

12,023

1,647

22,178

7,854

1,076

Total comprehensive loss

(76,153)

(73,021)

(10,003)

(142,942)

(115,267)

(15,790)

Less: total comprehensive income/(loss) attributable to non-
controlling interests shareholders

11

9

1

9

(11)

(2)

Total comprehensive loss attributable to YUNJI INC.

(76,164)

(73,030)

(10,004)

(142,951)

(115,256)

(15,788)

Net loss attributable to ordinary shareholders

(65,862)

(85,053)

(11,651)

(165,129)

(123,110)

(16,864)

Weighted average number of ordinary shares used in computing
net loss per share, basic and diluted

1,966,998,532

1,968,797,989

1,968,797,989

1,971,108,505

1,967,498,669

1,967,498,669

Net loss per share attributable to ordinary shareholders

Basic

(0.03)

(0.04)

(0.01)

(0.08)

(0.06)

(0.01)

Diluted

(0.03)

(0.04)

(0.01)

(0.08)

(0.06)

(0.01)

 

YUNJI INC.

NOTES TO UNAUDITED FINANCIAL INFORMATION

(All amounts in thousands, except for share and per share data, unless otherwise noted)

For the Three Months Ended

For the Year Ended

December 31,

2023

December 31,

2024

December 31,

2023

December 31,

2024

RMB

RMB

US$

RMB

RMB

US$

Share-based compensation expenses included in:

Technology and content

401

349

48

1,554

1,450

198

General and administrative

377

164

22

503

774

106

Fulfillment

46

35

5

(2,525)

92

13

Sales and marketing

57

35

5

(417)

114

16

Total

881

583

80

(885)

2,430

333

 

YUNJI INC.

RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY COMPARABLE FINANCIAL MEASURES

(All amounts in thousands, except for share and per share data, unless otherwise noted)

For the Three Months Ended

For the Year Ended

December 31,

2023

December 31,

2024

December 31,

2023

December 31,

2024

RMB

RMB

US$

RMB

RMB

US$

Reconciliation of Net Loss to Adjusted Net Loss:

Net loss

(65,851)

(85,044)

(11,650)

(165,120)

(123,121)

(16,866)

Add: Share-based compensation

881

583

80

(885)

2,430

333

Adjusted net loss

(64,970)

(84,461)

(11,570)

(166,005)

(120,691)

(16,533)

 

[1]. This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB7.2993 to US$1.00, the exchange rate in effect as of December 31, 2024 as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System.
[2]. “Repeat purchase rate” in a given period is calculated as the number of transacting members who purchased not less than twice divided by the total number of transacting members during such period. “Transacting member” in a given period refers to a member who successfully promotes Yunji’s products to generate at least one order or places at least one order on Yunji’s platform, regardless of whether any product in such order is ultimately sold or delivered or whether any product in such order is returned. “Repeat purchase rate” only considers orders placed through the Company’s app. Repeat purchases made through the Company’s mini-programs are excluded from the calculation.
[3]. Adjusted net loss is a non-GAAP financial measure, which is defined as net loss excluding share-based compensation expense. See “Reconciliation of Non-GAAP Measures to the Most Directly Comparable Financial Measures” set forth at the end of this press release.
[4]. As of December 31, 2024, Short-term loan receivables of amount RMB149,570 were included in the prepaid expenses and other current assets balance, which represent the principal and interest to be collected on loans provided by the Group to third-party companies.
[5]. In June 2024, the Company won the bid for a parcel of land located in Xiaoshan District, Hangzhou, China, covering approximately 10 thousand square meters (the “Hangzhou Land Parcel”) and entered into an agreement with the local government to acquire the land use right of the Hangzhou Land Parcel for an aggregate consideration of approximately RMB171.5 million. In July 2024, the Company obtained the certificate of the land use right and carried the land use right at cost less accumulated amortization and impairment losses, if any. The Company intends to construct a new office building on the Hangzhou Land Parcel to use it as its new headquarters and also lease offices to external parties. The total amount for the land acquisition and office building construction is expected to be approximately RMB600.0 million. The Company intends to fund the land acquisition and building construction through cash on hand and bank financing.
[6]. Impairment of long-lived assets other than goodwill recognized for the years ended December 31, 2023 and 2024 was nil and RMB26.1 million, respectively, which was recorded in general and administrative expenses.
[7]. As of December 31, 2024, the decrease in incentive payables was primarily due to derecognition of long-aged payables to inactive members.

CityGreen Sports Appoints Croatian Football Legend Davor Suker as Global Brand Ambassador

GUANGZHOU, China, April 21, 2025 /PRNewswire/ — CityGreen Sports Group Co., Ltd. (CityGreen), a leading Chinese manufacturer of artificial turf and sports facility solutions, has officially named international football icon Davor Suker as its Global Brand Ambassador. The partnership marks a major step in CityGreen’s international growth strategy and reflects the company’s ambition to advance high-quality development across the global sports industry.

Davor Suker and Mr. Xu Liang, Vice President of CityGreen Sports
Davor Suker and Mr. Xu Liang, Vice President of CityGreen Sports

Joining Forces for Global Growth
Recognized for his legendary career and winning the Golden Boot at the 1998 FIFA World Cup, Suker brings with him decades of experience in both elite football and sports administration, including his tenure on UEFA’s Executive Committee. His global perspective and influence will support CityGreen’s mission to expand brand recognition and strengthen its position in the international sports market.

“I’m honored to join CityGreen Sports as their Global Brand Ambassador,” said Suker. “Their innovation in artificial turf and commitment to sustainability are truly impressive. I look forward to working with CityGreen to enhance sports infrastructure worldwide and deliver premium playing experiences for athletes and fans alike.”

Championing Sustainability in Sports
Mr. Xu Liang, Vice President of CityGreen, added: “Davor Suker‘s legendary status and dedication to football development align perfectly with our brand values. This collaboration will accelerate our growth in Europe, the Americas, and emerging markets, while also promoting eco-friendly sports field solutions around the world.”

As Global Brand Ambassador, Suker will support a range of CityGreen’s initiatives, including:

  • International sports partnerships and events
  • Youth football development programs
  • Promotion of sustainable sports technologies

About CityGreen Sports
CityGreen Sports Group Co., Ltd. is a top-tier Chinese provider of artificial turf systems, sports equipment, and smart sports solutions. Its products are used in professional leagues, schools, and community facilities in over 120 countries and regions.

Media Contact
CityGreen Sports – International Marketing Department
Contact: Rachel Chen

Email: sales@city-green.com 
Website: www.citygreenturf.com

About Davor Suker
Davor Suker is widely regarded as one of Croatia’s greatest footballers, with an illustrious career at clubs such as Real Madrid and Arsenal. Post-retirement, he served as President of the Croatian Football Federation and a UEFA Executive Committee member, playing a key role in the global growth of the sport.

Boeing Jet Bound for China Sent Back to United States Amid Tariff Tensions

A Boeing jet originally built for China’s Xiamen Airlines flew back to the United States (US) on 20 April, caught in the crossfire of rising trade tensions between Washington and Beijing. 

The aircraft, still painted in Xiamen’s colors, landed in Seattle on Sunday evening after an 8,000-km journey from Boeing’s Zhoushan facility in China, making fuel stops in Guam and Hawaii.

The Civil Aviation Administration of China announced on 15 April that Chinese airlines must stop placing new orders for Boeing jets from the US. 

Industry sources confirmed to Reuters that this directive is direct retaliation for the Trump administration’s recent imposition of tariffs reaching up to 145 percent on Chinese products.

The aviation industry now finds itself at the center of the ongoing trade conflict that has seen both nations implementing retaliatory measures against each other’s exports.

Instead of moving forward with deliveries, China asked its airlines to pause purchases of American-made aviation parts and equipment. Since China represents roughly 20 percent of projected global aircraft demand over the next two decades, this decision puts significant pressure on Boeing’s international business.

Boeing, as one of America’s largest exporters, stands to face substantial financial implications from China’s decision.

The American company had over 130 planes lined up for delivery to Chinese airlines and leasing companies as of March. 

Now, those deals face delays or cancellations. Neither Boeing nor Xiamen Airlines has confirmed who initiated the jet’s return.

2025 BEJF Xishuangbanna International Electronic Music Festival and Southeast Asian Cultural Celebration to Ignite Global Festive Fever

JINGHONG, China, April 21, 2025 /PRNewswire/ — In May, Xishuangbanna is set to become the global spotlight for music and culture. Hosted by Xishuangbanna Lizhong Culture Media Co., Ltd., the 2025 BEJF Xishuangbanna International Electronic Music Festival will be held from May 1 to 3 at the Xishuangbanna Ethnic Sports Stadium. Taking place in the heart of the tropical rainforest, the event will present an unprecedented eco-style, trend-setting music festival, and is expected to be one of the most unmissable electronic music events of 2025.

BEJF Official Key Visual
BEJF Official Key Visual

The festival integrates the vibrant atmosphere of traditional culture with the high-energy rhythms of modern electronic music, merging natural ecology, ethnic heritage, and technological trends. Using music as its core medium and electronic sound as its outward expression, BEJF is committed to redefining the spirit of Southeast Asian celebration. More than 20,000 attendees will witness a grand fusion of tradition and future, nature and technology, the East and the world.

In terms of lineup, top-tier DJs from around the globe will gather, including several from the DJ Mag Top 100 and artists from internationally renowned labels. Featured performers include Dutch duo Yellow Claw; Ummet Ozcan, the Dutch producer known for pioneering throat singing in electronic music through his track “Xanadu”; global dance music icon Quintino; well-known Dutch producer Jay Hardway; emerging Dutch artist Lavern, performing in China for the first time; the electronic duo LUSU; and French house representative Hugo Cantarra. In addition, multiple Chinese DJs and producers will also perform on stage in Xishuangbanna.

Tickets are now officially on sale through Damai, Showstart, Maoyan, Piaoxingqiu, and Douyin Live Events via their websites, apps, or mini-programs.

It is worth noting that, thanks to China’s 144-hour visa-free transit policy for ASEAN countries, international visitors can enter with ease and fully enjoy this globally energized electronic music celebration. Xishuangbanna offers convenient transportation, with direct access via air and high-speed rail. Most Southeast Asian countries are just 3 to 4 hours away, while seamless transit is available for travelers from Europe and North America.

Xishuangbanna is home to China’s most well-preserved tropical rainforest ecosystem and is known as the “Kingdom of Flora and Fauna” and the “World Gene Pool.” The region’s diverse ethnic groups have created rich cultural traditions through centuries of ingenuity, including rainforest culture, Pu’er tea culture, Dai medicine, water culture, agricultural heritage, and distinctive folk customs. The area is well connected, with convenient access by air and rail, making it easily reachable from across Southeast Asia and beyond.

The festival will feature an awe-inspiring “Rainforest War Elephant Totem” stage, with a massive central elephant sculpture offering a powerful visual and auditory impact. The venue will include various thematic zones, including an electronic dance arena, an ethnic culture exhibition area, and a technology interaction experience zone.

The 2025 BEJF Xishuangbanna International Electronic Music Festival will be held from May 1 to 3. Music fans from around the world are invited to gather in this tropical celebration of rhythm and energy, embarking on a magical journey into the heart of electronic sound.

Daily Lineup
Daily Lineup

XTEP Sponsors Top Runner Zhangabek Yessenbol, Achieving Second Place at the Almaty Half Marathon 2025

ALMATY, Kazakhstan, April 21, 2025 /PRNewswire/ — Professional sportswear brand XTEP has sponsored top Almaty runner Zhangabek Yessenbol in the Almaty Half Marathon 2025 on April 20, who finished second with a remarkable time of 01:07:05, wearing XTEP’s 160X 6.0 PRO trainer. As one of the most influential running races in Kazakhstan, the Almaty Half Marathon 2025 has attracted top runners from around the world. The race is not only a stage for runners to go beyond themselves, but also demonstrates XTEP’s exceptional strength in athletic performance and brand influence.


The impressive performance of Zhangabek Yessenbol is greatly supported by well-designed running shoes that provide the necessary support and comfort. The 160X 6.0 PRO features the innovative XTEP ACE midsole technology with the industry’s first Shot-Molded Foam. This technology provides stronger rebound, lightness and perfectly balanced density, giving runners a strong sense of rebound with every step. The new GT700 Golden Carbon Plate, reinforced with PI fibers, is about 20% lighter than a standard carbon plate of the same structural strength, and the tensile strength of the PI fibers reaches up to 3.5GPa. The shoe delivers exceptional forefoot propulsion efficiency and a 9.9% enhancement in propulsion, offering runners unparalleled speed, stability, and power.

XTEP has always been committed to providing elite runners with the most professional equipment support to help them achieve breakthroughs in serious races. The brand consistently embodies the spirit of “Run Different”.

“Run Different” represents XTEP’s mission to inspiring professional runners to push their limits, both in rigorous training and competitive environments. This slogan encourages athletes not only to strive for victory on the racecourse but also to overcome personal challenges in their lives. As a leader in speed running, XTEP focuses on designing and creating professional, high-performance trainers to support elite runners refresh their personal bests and get on the podium. In the future, XTEP will continue to innovate and provide exceptional equipment that supports runners in realizing their dreams.

The remarkable achievement of Zhangabek Yessenbol at the Almaty Half Marathon 2025 is just one example of XTEP’s ongoing commitment to athletic excellence in Kazakhstan. In addition to sponsoring top runners, XTEP has been actively contributing to the development of the running community in the country. As part of these efforts, we are excited to announce that XTEP has established XTEP Kazakhstan Elite Running team. The team made its highly anticipated debut at the Almaty Half Marathon 2025 on April 20. 


Welcome to our stores in Kazakhstan, where you can experience the champion runner’s choice: the 160X6.0 PRO and our exclusive apparel.

  • MEGA Park shopping mall (2nd floor. Mukagali Makataev Street 127/1, Almaty 050000, Kazakhstan)
  • ADK shopping mall (2nd floor. Satpaev St 90/5, Almaty 050000, Kazakhstan) 
  • Grand Park (Kabdolova street 1, block 6, line D, boutique number 15, Almaty 050000, Kazakhstan)
  • Moskva metropolitan shopping mall (Ground floor. Almaty, 8th microdistrict, 37/1, 050000, Kazakhstan)
  • Aport Mall East (2nd floor. 106 Kuldzhinsky tract, Almaty)

About XTEP

Xtep Group, one of the leading sports brands in China, was founded in 1987 and officially established as the brand XTEP in 2001. The Group was listed on the Hong Kong Stock Exchange on June 3, 2008 (01368.hk). In 2019, the Group started its global strategy, incorporating Saucony, Merrell, K-Swiss, and Palladium to become a leading international sports group with multiple sports brands.

For more about XTEP, please visit https://en.xtep.com/

Beko champions energy efficiency with EnergySpin technology this Earth Day

Celebrating Earth Day’s ‘Our Power, Our Planet’ theme with technology that makes energy efficiency accessible in everyday life

ISTANBUL, April 21, 2025 /PRNewswire/ — As the world unites behind the call for renewable energy under this year’s Earth Day theme ‘Our Power, Our Planet,’ Beko, Europe’s No.1 home appliance manufacturer, is reinforcing its commitment to energy efficiency with its innovative EnergySpin washing machine technology.

Akın Garzanlı, Beko CMO
Akın Garzanlı, Beko CMO

Celebrated by over a billion people across nearly 200 countries every 22 April, Earth Day 2025 calls for a tripling of global renewable energy generation by 2030 – an ambitious goal that requires both systemic change and individual action. With home energy consumption playing a crucial role in this transition, energy-efficient appliances have become essential to a more sustainable future.

EnergySpin technology in Beko’s washing machines represents a significant advancement in home energy efficiency, thanks to its innovative drum movement, achieving up to 35 percent energy savings* in comparison to the company’s traditional washing machines in everyday wash programmes – not just in eco mode. By optimising energy use across all settings, EnergySpin ensures that sustainability is built into everyday routines, while maintaining washing performance and aspiring to a sustainable future.

Sustainable manufacturing

Beko’s commitment to efficiency extends beyond its products to its manufacturing facilities. The company has dramatically increased its installed renewable energy capacity, reaching 90.2 MWp by the end of 2024- almost doubling its original 2030 target of 50 MWp. Beko’s factories – powered by AI, machine learning, and IoT – are benchmarks for sustainable manufacturing and Industry 4.0. Following its plants in Romania and EskiĹźehir, Beko’s Ankara Dishwasher Plant has also been recognised by the World Economic Forum’s Global Lighthouse Network, for its leadership in advanced, sustainable manufacturing.

“Addressing global energy challenges requires every sector to be part of the solution,” said Akın Garzanlı, CMO at Beko. “Sustainability is not only about developing energy-efficient products but also about producing them responsibly. By integrating AI and digitalisation into our production, we optimise resource use while reducing waste. At the same time, our technologies such as EnergySpin empower consumers to reduce energy consumption without requiring them to sacrifice performance or convenience.”

As energy costs rise globally, Beko’s energy-efficient appliances provide a practical solution – helping consumers find a way to reduce both their environmental footprint and their energy bills, making sustainability an easy choice.

Global recognition

Beko’s leadership in clean energy and efficiency has been recognised internationally. With a score of 89/100, the company retained its top position in the S&P Global Corporate Sustainability Assessment (S&P CSA) in the household durables (DHP) sector for the sixth year in a row as of November 22nd, 2024. The company was also included in the Dow Jones Sustainability Index for the eighth consecutive year in 2024. Additionally, Beko ranked first in the Real Leaders Top Impact Companies of 2025, underscoring its leadership in sustainable innovation.

With the rise of renewable energy technologies and increasing awareness of climate issues, energy-efficient home appliances offer a simple yet powerful way for consumers to take part in the transition to a more sustainable energy future.

* In addition to the Eco 40-60 program (declaration program) the energy consumption of Cottons, Synthetics, Xpress/Super Express, Delicates, Mix, Handwash, Wool, Darkcare, and Outdoor/Sports programs is up to 35% less compared to the Beko WTV 9636 XS0 washing machine, without compromising washing performance. EnergySpin is also available in Coldwash, 20°C, Drum Clean, and Downloaded programs.

ABOUT BEKO 

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of over 50,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko became the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.6 billion Euros in 2024. Beko’s 30 R&D and Design Centers & Offices across the globe are home to over 2,300 researchers and hold more than 3,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the sixth consecutive year (based on the results dated 22 November 2024) and has been included in the Dow Jones Sustainability Indices for the eighth consecutive year.** Beko’s vision is ‘Respecting the World, Respected Worldwide.’  

www.bekocorporate.com 

*Licensee limited to certain jurisdictions.  
**The data presented belongs to Arçelik A.Ş., a parent company of Beko. 

Beko EnergySpin
Beko EnergySpin

 

Hyundai Motor Deploys Zero-emission ELEC CITY TOWN Bus on Japan’s Yakushima Island to Lead Clean Public Transport Transition

  • Hyundai Motor holds handover ceremony with Iwasaki Group on Yakushima Island, Japan, for Hyundai ELEC CITY TOWN electric buses
  • Hyundai ELEC CITY TOWN buses are optimized for Yakushima’s environment, with Vehicle Dynamics Control and advanced battery management and cooling systems
  • The initiative demonstrates Hyundai Motor’s strong commitment to its vision of ‘Progress for Humanity’ and to building a more sustainable future worldwide

SEOUL, South Korea and YAKUSHIMA, Japan, April 21, 2025 /PRNewswire/ — Hyundai Motor Company today held a handover ceremony to deliver Hyundai ELEC CITY TOWN electric buses to Tanegashima Yakushima Kotsu, a regional transportation and tourism service provider operated by the Iwasaki Group in Kagoshima Prefecture, Japan. The initiative marks a significant step in transitioning to zero-emission public transport on Yakushima Island, a UNESCO World Heritage Site.

(from left) Namil Choi, VP and Head of Hyundai Mobility Japan R&D Center; Toshiyuki Shimegi, CEO of Hyundai Mobility Japan; Sanghyeon Park, EVP and Head of Commercial LCM Division at Hyundai Motor Company; YOO SEOK CHUNG, EVP and Head of Korea Business Division at Hyundai Motor Company; Jaehoon Chang, Vice Chair of Hyundai Motor Group; Yoshitaro Iwasaki, CEO of Iwasaki Group; Takamitsu Iwasaki, VP of Iwasaki Group; Koji Araki, Mayor of Yakushima; Masao Nishimura, CEO of Iwasaki Corporation
(from left) Namil Choi, VP and Head of Hyundai Mobility Japan R&D Center; Toshiyuki Shimegi, CEO of Hyundai Mobility Japan; Sanghyeon Park, EVP and Head of Commercial LCM Division at Hyundai Motor Company; YOO SEOK CHUNG, EVP and Head of Korea Business Division at Hyundai Motor Company; Jaehoon Chang, Vice Chair of Hyundai Motor Group; Yoshitaro Iwasaki, CEO of Iwasaki Group; Takamitsu Iwasaki, VP of Iwasaki Group; Koji Araki, Mayor of Yakushima; Masao Nishimura, CEO of Iwasaki Corporation

The event was attended by Jaehoon Chang, Vice Chair of Hyundai Motor Group; Toshiyuki Shimegi, CEO of Hyundai Mobility Japan; Yoshitaro Iwasaki, CEO of Iwasaki Group; and Koji Araki, Mayor of Yakushima. The handover follows the signing of a Memorandum of Understanding (MoU) in July 2024 between the two parties for the purchase of Hyundai ELEC City TOWN buses.

“I am delighted to see Hyundai’s ELEC City electric buses running here on Yakushima, contributing towards a cleaner island environment,” said Hyundai Motor Group Vice Chair Jaehoon Chang. “Being part of Yakushima’s zero-emission island initiative is a significant step towards achieving carbon neutrality on the island by 2050.”

Starting from June 2025, five Hyundai ELEC CITY TOWN buses will operate on Yakushima. These medium-sized, low-floor electric buses will be tailored to local conditions. They are equipped with a 145 kWh battery and a high-efficiency motor delivering a power output of up to 160 kW/217 PS.

The buses are equipped with Vehicle Dynamics Control to ensure safe and stable driving on the island’s mountainous roads, characterized by steep slopes and sharp curves. The buses also feature advanced battery management and cooling systems, optimized for Yakushima’s hot and humid climate, enhancing charging performance, efficiency and driving range.

On Sunday, April 20th, ahead of the handover ceremony, Hyundai Motor signed a partnership agreement for the use of electric vehicles on Yakushima. The agreement includes utilizing the ELEC CITY TOWN’s Vehicle-to-Home capabilities to supply power to evacuation shelters and medical facilities during natural disasters such as typhoons or periods of heavy rainfall.

Yakushima is located at the southwestern end of the Japanese archipelago and is known for its stunning natural scenery, often referred to as the ‘Alps of the Ocean’. As a UNESCO World Heritage Site, the island is recognized as a leading eco-tourism destination, making emissions control essential for environmental preservation.

Kagoshima Prefecture has designated Yakushima as a key area in its plan to achieve carbon neutrality by 2050. Yakushima aims to transition its vehicle fleet to primarily EVs as part of its aim to become a zero-emission island.  

Hyundai Motor anticipates that the ELEC CITY TOWN buses will contribute to Yakushima’s carbon neutrality goals by providing a mobility solution that supports local sustainability efforts and reflects the needs of the community. This initiative aligns with Hyundai Motor’s global vision of ‘Progress for Humanity’ and its ongoing commitment to building a more sustainable future.

About Hyundai Motor Company

More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai