 HANGZHOU, China, May 27, 2021 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 first quarter ended March 31, 2021 1. First Quarter 2021 Highlights Total revenues in the first quarter of 2021 were RMB675.4 million US103.1 million, compared with RMB1,649.2 million in the same period of 2020, primarily due to the Companys focus on upgrading its strategy of carefully curating products through the implementation of its megahit product pool initiative to refine its product selections across all platform categories, which is in line with the Companys long-term growth plan. 