QuantaSing's Live E-Commerce Generated Remarkable RMB13.3 Million GMV in August
12 September 2023 - 11:00AM
QuantaSing Group Limited (NASDAQ: QSG) (“QuantaSing” or the
“Company”), a leading online learning service provider in China,
today announced that its newest business endeavor, live e-commerce,
has yielded impressive results. For August 2023, the Company’s live
e-commerce business generated RMB13.3 million in Gross Merchandise
Value (GMV).
QuantaSing launched its live e-commerce business
with an initial focus on Chinese liquor in June 2023. Since then,
the Company and its new initiative have gained widespread
recognition from millions of viewers. The positive response from
viewers has fueled the platform’s strong performance following
launch.
Mr. Peng Li, QuantaSing’s Chairman and Chief
Executive Officer, commented, “While the adult learning market is
still our core focus, we are actively pursuing opportunities to
further strengthen our market position. By harnessing our
established operational expertise and applying it to the realm of
live e-commerce, we have achieved remarkable success. We will
continue to develop our business and seek innovative ways to
succeed, and we remain dedicated to delivering exceptional value to
our shareholders.”
About QuantaSing Group
LimitedQuantaSing is a leading online service provider in
China dedicated to improving people’s quality of life and
well-being by providing lifelong personal learning and development
opportunities. The Company is the largest service provider in
China’s online adult learning market and China’s adult personal
interest learning market in terms of revenue, according to a report
by Frost & Sullivan based on data from 2022. By leveraging its
proprietary tools and technology, QuantaSing offers
easy-to-understand, affordable, and accessible online courses to
adult learners under a variety of brands, including QiNiu,
JiangZhen, and QianChi, empowering users to pursue personal
development. Leveraging its extensive experience in individual
online learning services, the Company has also expanded its
services to corporate clients including, among others, marketing
services and enterprise talent management services.
For more information please visit https://ir.quantasing.com.
Investor Relations ContactLeah GuoQuantaSing
Group LimitedEmail: ir@quantasing.com Tel: +86 (10) 6493-7857
Robin Yang, PartnerICR, LLCEmail: QuantaSing.IR@icrinc.com
Phone: +1 (212) 537-0429
Public Relations Brad Burgess, Senior Vice PresidentICR,
LLCEmail: Brad.Burgess@icrinc.com
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