OG - OG STOCK NEWS

Onion Global Limited (NYSE: OG) has successfully closed a private placement, raising approximately US$25 million through the sale of 472,583 Class A ordinary shares and related warrants. The shares were sold at US$5.30 each, with warrants allowing the purchase of up to 4,725,830 American Depositary Shares (ADSs) at the same price. The funds are earmarked for working capital and general corporate purposes. Onion Global is committed to filing a registration statement with the SEC for the resale of these shares within 30 days.

Onion Global Limited (NYSE: OG) reported Q3 2021 revenues of RMB683.0 million (US$106.0 million), down from RMB1,058.7 million in Q3 2020. Gross profit decreased to RMB128.4 million (US$19.9 million) with a gross margin of 18.8%, reflecting the company's strategic shift towards private label brands, which saw a 290.5% growth. However, net income fell to RMB0.4 million (US$0.1 million) from RMB29.5 million in the prior year. The company aims to enhance brand loyalty and expand distribution channels amidst ongoing challenges from COVID-19.

Onion Global Limited (NYSE: OG) announced a private placement to raise approximately US$25 million by issuing 472,583 Class A ordinary shares and warrants for American Depositary Shares (ADSs). The shares are priced at US$5.30 each and can be converted into ADSs. The proceeds will be used for working capital and general corporate purposes. The closing of the placement is anticipated on or around November 2, 2021, subject to customary conditions. H.C. Wainwright & Co. acts as the placement agent.

Onion Global Limited (NYSE: OG) has announced an enhanced collaboration with MOOKLOOK, a Japanese skincare brand, and Schiff, a U.S.-based dietary supplement manufacturer. As the authorized distributor for these brands in China, Onion Global will manage brand positioning, marketing, and new sales channels via its O'Mall platform. CEO Kenny Li highlighted their strong supply chain and marketing capabilities, aiming to tap into the growing health and beauty market among the younger generation. The collaboration focuses on leveraging technology and health trends to capture market opportunities.

Onion Global Limited (NYSE: OG) announced that its private label brand, TENKOU RYUUGI BEAUTY, won a Gold Award at the 2021 Pentawards for packaging design in the Body, Health and Beauty category. This achievement comes just a year after the brand's market debut in China, emphasizing Onion Global's commitment to enhancing consumer experience and innovative packaging trends. Founder and CEO Kenny Li stated that this recognition will strengthen the brand's market position and open new opportunities for growth.

Onion Global Limited (NYSE: OG) has announced the launch of the "LUCA Elite Club" to enhance its marketing strategy and private domain traffic efficiency. This initiative aims to educate key opinion consumers (KOCs) on promoting the Company's private label and strategic brands, particularly the Luca Brands. The Company currently boasts over 730,000 KOCs, which sets it apart in the e-commerce landscape. The events are designed to strengthen brand partnerships, improve revenue growth, and heighten brand awareness.

Onion Global Limited (NYSE: OG) presented at the TradeUP Autumn E-Commerce Investment Conference on September 15, 2021, highlighting its robust brand management and omni-channel operations. The Company reported a growth in brand partnerships, with 4,195 brands now on its platform. Their Beauty Carnival Shopping Festival generated over RMB222 million in GMV within three days, fueled by a community of 730,000 key opinion consumers (KOCs). Onion Global continues to focus on expanding its private-label brands, which increased GMV by 198% year-on-year in H1 2021.

Onion Global Limited (NYSE: OG) announced a successful 2021 Beauty Carnival shopping festival, generating RMB222 million in Gross Merchandise Volume (GMV) over the first three days, known as China's Black Friday. The event featured participation from 4,239 brands, including 28 private label brands. The total orders exceeded 440,000, with private label sales reaching RMB1.9 million. CEO Kenny Li emphasized plans to enhance user experience through investment in virtual shopping technologies.

Onion Global Limited (NYSE: OG) reported significant declines in Q2 2021 revenues and net income. Total revenues fell to RMB696.4 million (US$107.9 million), down from RMB1,096.8 million in 2020. Gross profit decreased to RMB156.2 million (US$24.2 million), with a net loss of RMB332.4 million (US$51.5 million). Despite a surge in private label sales, accounting for 43.8% of GMV, the overall GMV dropped to RMB798.5 million (US$123.7 million). The company anticipates Q3 2021 revenues between RMB720 million and RMB760 million, a year-over-year decrease of 27% to 31%.