Stock Code: HX) (hereinafter referred to as “Hexian credit” or “the company”), a Chinese mobile e-commerce and consumer credit platform, announced today that it has launched an upgraded version of “Xiaobai buyai” new social e-commerce platform.
the upgraded version of “Xiaobai Buyao” is to cooperate with domestic well-known e-commerce and life service platforms, select popular products by self-management, collect clothing, food, housing, transportation, food, drink and play, and enjoy the whole network. It can solve the problem of difficult price comparison and many choices for users in one-stop way, and can meet the original needs of life with less money without changing the original consumption habits and scenes of users. “Xiaobai Buyao” provides discount, coupons and rebate to users. The member rating system of “Xiaobai Buyao” has been launched. Every time users buy, share or recommend products to their friends, they will receive commission reward.
and Mr. an Xiaobo, the founder, chairman and chief executive officer of credit, said: “Hecheng has actively cooperated with the government’s initiative on the transformation of P2P industry. At present, the company’s transformation is being carried out in an orderly manner. In the first half of this year, we launched the “Xiaobai Buyao” social e-commerce platform, which allows customers to get commission through shopping and sharing products. This mode has received positive feedback from users, and has also reduced our marketing expenses. As of July 31, 2020, Xiaobai Buyao has about 160000 active users. Recently, our “Xiaobai Buyao” operation company successfully joined the social e-commerce branch of China Service Trade Association and became the vice president unit. China Association of trade in services is the only national service trade organization in China, which is approved by the State Council and is in charge of the Ministry of Commerce. The branch of social e-commerce was officially established at the Beijing Fair in 2019 to assist the government in the study of legislation, system construction, industry standards and development planning of social e-commerce and related fields. We are honored to be its member vice president unit. Recently, we have participated in the joint research work of social e-commerce branch with us, and released the social e-commerce development report 2020. As the report reveals, China’s social e-commerce market has great potential. It serves 740 million people’s daily consumption and involves 83.5 million employees. The market transaction volume in 2020 is expected to increase More than 4 trillion yuan, up 80% year on year. We are very happy to enter this field, which will further promote our business transformation. With years of Internet industry experience and strong technical support, we are determined and confident to actively explore the development in this field. In the next step, we will continue to deepen our cooperation with mainstream e-commerce platforms and launch more preferential products and activities for users. We will, as always, adhere to the company’s strategy and further diversify our business so as to successfully transform, effectively meet market demand and give back to shareholders. “