Yunji Inc. (NASDAQ: YJ) has reported the financial results of the third quarter of 2020. The company has dislcosed that its revenue for the third quarter was RMB1,066.7 million as compared to the total revenue of RMB2,773.1 million in the third quarter of 2019. YJ’s total operating expenses for the third quarter reached RMB343.6 million. Yunji has experienced a loss from operations of RMB24.4 million.
Furthermore, it has reported a net loss of RMB43.6 million. Yunji has also shared the recent developments in the firm. The CFO Mr. Chen Chen has left his position. Moreover, Mr. Chengqi Zhang was appointed as the VP of finance.