With the strong growth of the online retail market, the e-commerce service industry has also ushered in unprecedented development opportunities. According to the National Bureau of Statistics, in the first half of 2023, the national online retail sales reached 716 trillion yuan, a year-on-year increase of 131%, an increase of 22 percentage points. As the operating company of the main board of the Shenzhen Stock Exchange, Ruoyuchen has continuously empowered the business growth of more than 100 domestic and foreign brands in the Chinese market, and has steadily established a leading competitive advantage.
As the first stock listed on the main board of the Shenzhen Stock Exchange, Ruoyuchen has a wide range of service fields, including health care products, mother and child, beauty and personal care, food and beverage, etc., and has established a leading competitive advantage in these fields. What's more worth mentioning is that Ruoyuchen has not stopped expanding, but continues to expand to a number of high-potential categories such as pets and medical health, providing consumers with more diversified and higher-quality product choices.
Among them, Ruoyuchen set foot in the field of big health as early as 2016 and has successfully served nearly 50 big health brands. Ruoyuchen has accumulated more than 20 channels and 100 leaf categories, and has won many industry awards. In terms of health care product service providers, Ruoyuchen's leading position has been continuously consolidated, helping more than a dozen overseas brands successfully enter the Chinese market, and contributing to the "Best Service Provider Award" of Tmall Global Pharmaceutical and Health Care Double 11.
Ruo Yuchen's success is not accidental. In terms of human resources, Ruoyuchen has a wealth of professional resources and deep knowledge reserves. The founders, senior management team and core business team of Ruoyuchen are all industry veterans with rich experience and strong stability.
In addition to the advantages of manpower, Ruoyuchen also has excellent performance in independent research and development. Ruoyuchen's self-developed and incubated own brand has become the company's second growth curve, and this innovative measure has not only improved the company's profitability, but also provided a successful example for other brands.
As a leading digital service provider, Ruoyuchen makes full use of its advantages in capital, talent, operation, and channels to deeply empower the all-round value enhancement of the brand. Whether it is brand building, channel expansion or digital marketing, Ruoyuchen can provide all-round support and assistance for brands. This ability has led more and more brands to choose Ruoyuchen as their partner in China to jointly develop the Chinese market.
As a leader in market development, Ruoyuchen will continue to explore and innovate, cooperate with more brands, provide them with digital services, and help brands enter a new era of consumption. By continuously empowering brands, optimizing user experience, and expanding into emerging markets, Ruoyuchen will further consolidate its leading position in the field of digital services.
Looking forward to the future, Ruoyuchen will continue to rely on its rich experience accumulated in the field of e-commerce for many years, focus on high-potential industries such as big health, and tap global high-quality consumer brands. Ruoyuchen will accelerate the layout of brand management business, focus on the digital capacity building of brand services from the perspective of brand management, and create a quality life for Chinese consumers in the new consumption era.
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