1. First of all, Youzan is an enterprise mainly engaged in SaaS service of retail technology, helping merchants to open online stores, social marketing, improve retention and repurchase, and expand omni-channel new retail business.

2. On April 8, 2118, Youzan completed its listing in Hong Kong. In April 2119, Tencent led the investment with a financing of HK$ 1 billion. On August 8, 2119, Youzan received a strategic investment of $31 million from Baidu.

3. Youzan owns SaaS software products and talent services that comprehensively help businesses to operate mobile social e-commerce and omni-channel new retail, such as Youzan Micro Mall, Youzan Retail, Youzan Industry, Youzan Applet, Youzan Education, Youzan Catering, Youzan Academy, and the "Youzan Cloud" PaaS cloud service for developers, Youzan promotion and distribution for brands, and Youzan selection and Youzan selection for consumers.