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The New York Stock Exchange (NYSE) announced the delisting of Onion Global Limited's American depositary shares (ADSs), represented by ticker symbol OG, due to non-compliance with continued listing standards. The company's ADSs have been suspended from trading after falling below the NYSE's average closing price requirement of $1.00 for a consecutive 30-day period. Onion Global Limited has the right to appeal this decision to the NYSE Board of Directors, and the NYSE will file to delist common shares pending the completion of procedures related to any appeal.
Onion Global Limited announced on January 3, 2023, that the NYSE will commence proceedings to delist its American depositary shares (ADSs) due to falling below listing standards. Consequently, trading in ADSs has been suspended. The Company plans to apply for quotation of its ADSs on the OTC Markets and will continue to comply with federal securities laws and maintain investor communication. Onion Global Limited connects lifestyle brands with young consumers in China and Asia, aiming to reshape shopping culture.
Onion Global Limited (NYSE: OG) announced that Mio Ho, a co-founding partner, has been recognized as one of China's Most Powerful Rising Businesswomen of 2022 by Fortune China. This accolade highlights her contributions to the company, particularly in transforming it into a successful brand management group since joining in 2018. Mio Ho emphasizes women's empowerment through projects like Project Sparking, which supports entrepreneurship and education for women. This recognition not only honors her achievements but also showcases the influence of women leaders in modern business.
Onion Global Limited (NYSE: OG) has launched a new skincare line, Dr.cekino, under its LUCA brand matrix, targeting the anti-aging market. This line includes products like eye cream and moisturizing cream, leveraging the benefits of collagen. The launch aligns with Onion Global's strategy of utilizing advanced biotechnology in skincare and addressing the increasing demand for premium beauty products in China and Asia. The company aims to enhance its R&D capabilities while fostering partnerships with leading laboratories to ensure product safety and effectiveness.
Onion Global Limited (NYSE: OG) reported generating over RMB12 million in Gross Merchandise Value (GMV) within the first three days of its 2022 Luca Brand Seasonal Promotion. This promotion, which ran from October 12 to October 19, aimed to engage young consumers through discount coupons and live games. The event involved over 25,000 orders and featured products from 45 brands, achieving a repurchase rate exceeding 30%. The initiative aligns with Onion Global's strategy of launching 30-50 new brands each year to cater to evolving consumer preferences.
Onion Global Limited (NYSE: OG) has made a significant donation of daily supplies to the Guangdong Rural Women Development Foundation, aimed at empowering rural areas in China. The products, primarily from the LUCA BRAND, support the Foundation's initiatives to assist rural women and children. The efforts include offering entrepreneurial opportunities for women, leveraging key opinion consumers for sales, and providing skills training. Onion Global emphasizes its commitment to corporate social responsibility and the integration of charitable activities with its business model to promote economic development.
Onion Global Limited (NYSE: OG), a lifestyle brand platform, is focusing on women's empowerment and engagement through a new operational strategy. The initiative aims to cater to the evolving needs of female consumers by offering precision marketing, personalized experiences, and immersive environments. Key actions include targeted offline events and leveraging digital media for enhanced user interaction. CEO Kenny Li emphasized that women are increasingly influential in the economy, and the company plans to build loyalty among female users to enhance user experiences and drive growth.
Onion Global Limited (NYSE: OG) reported generating over RMB110 million in Gross Merchandise Volume (GMV) within the first three days of its 2022 Beauty Carnival Shopping Festival, which started on September 6, 2022. Featuring over 1,014 brands and more than 16,000 Standard Product Units, the festival attracted over 111,000 buyers with a repurchase rate exceeding 46%. The festival aims to enhance consumer engagement through innovative marketing strategies and immersive shopping experiences. The event will continue until September 23, 2022.
Onion Global Limited (NYSE: OG) has announced strategic initiatives for 2023, including the launch of a new platform named Fairlady, designed to empower women by providing resources for personal growth and social networking. Despite global economic challenges impacting the consumer market, CEO Kenny Li emphasized the commitment to long-term growth through enhanced operational efficiency and innovation. The Group aims to leverage Web 3.0 technologies and explore new market opportunities to maintain competitiveness and drive shareholder value.
Onion Global Limited (NYSE: OG) has reaffirmed its commitment to sustainability by introducing two new brands, Merverte and Oceanfit, into its LUCA brand portfolio. Merverte is a South Korean skincare brand, while Oceanfit is a healthcare brand from New Zealand. These brands focus on addressing the rising issues of joint pain among young consumers, utilizing eco-friendly ingredients like algae. CEO Kenny Li emphasized the importance of building emotional connections with younger consumers while meeting their functional needs through these sustainable products.
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