• Sat. Sep 30th, 2023

Pleasure Spreader Establishes Abroad E-commerce Division and Described HK$512 Million in Earnings for Q1 2022

BEIJING, Might 19, 2022 /PRNewswire/ — Joy Spreader Team Inc. (HKG:6988, “the Team”, “Joy Spreader”), a main promoting technological innovation company mentioned in Hong Kong, issued a voluntary announcement on May well 17, 2022, detailing the institution of the abroad e-commerce division and highlights of its functionality.

As an crucial component of the Group’s extended-expression enhancement roadmap, the abroad e-commerce company has been functioning in just anticipations considering the fact that the graduation of preparatory doing the job in early 2021, delivering substantial validation of the small business model in the fourth quarter of 2021 as evidenced by a new profits file of HK$148 million (approx. US$18.8 million) for the quarter.

To maintain the momentum, Pleasure Spreader has continued efforts to grow its organization footprint. In the initial quarter of 2022, the abroad e-commerce business enterprise booked product sales of HK$512 million (approx. US$65.2 million) , soaring by 245.97 for each cent more than the prior quarter, even though product sales volume grew to 420,400 models, a 290.55 for each cent surge.

The abroad e-commerce business enterprise is fed by content material site visitors based mostly on consumer recommendations from an already perfectly-recognized quick video new media system in tandem with a closed-loop business enterprise ecosystem, consisting of an e-commerce platform wholly developed and operated by Pleasure Spreader, as well as a proprietary e-commerce source chain that integrates solution sourcing, customs clearance, warehousing, logistics and payment.

To date, the abroad e-commerce enterprise operates in a number of nations and areas in Southeast Asia and principally marketplaces a number of of China’s very well-identified countrywide shopper electronics brands. The Group is one particular of the to start with Chinese operators to efficiently commercialize its product lineup on a primary abroad quick movie platform.

The fast development of the abroad e-commerce enterprise has led the Team to apply a structural change to the enterprise by developing a wholly-owned subsidiary in Hong Kong SAR, Joy Spreader Interactive Group (HK) Minimal, with the entity running the overseas e-commerce company.

The Group has appointed Zhang Zhidi as the head of the new subsidiary, with accountability for the enhancement tactic and total operations. In October 2021, Mr. Zhang exited his former function as Pleasure Spreader’s govt director and standard supervisor in purchase to take charge of the overseas e-commerce enterprise, together with preparatory work and business progress. The over noted quarterly effects give proof of the accomplishment of the initial efforts.

The establishment of the new division boosts the Group’s abilities to seize market chances, capitalize on first mover benefits and create limitations to rivals. Drawing on its accrued knowledge in and established details versions for algorithm-based marketing on the world’s short video clip new media platforms, in tandem with the integration of supply chain means and e-commerce infrastructure, the Group is on pace to further enhance its overseas e-commerce company, although, in parallel, progressively expanding operations into additional rising markets, with the goal of making a globe-class independently-operated DTC e-commerce system for consumer electronics.

By growing into extra emerging markets and implementing the increased business model, Joy Spreader’s abroad e-commerce business enterprise is on track to turn out to be a new and lucrative growth position for the Group although, serving as a robust springboard for additional development and development.

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