Solid positive development continued through 3Q: compared to 3Q2020, we improved substantially all the critical KPIs.
Chinese online market is extremely dynamic, new technologies & solutions are being adopted and the volumes are massive.
Euroeat Tmall online shop is among the top 5% of all online shops for kitchenware in China!
Second quarter was historical for us. We broke our monthly sales record and managed to do it profitably. We managed to further develop our sourcing processes and profitability management.
Year 2020 marked a watershed for Euroeat as for the first time we consolidated our financials from Finland (Euroeat Oy) and China (Euroeat E-Business Ltd) as group financials.
In light of the closure of the Privanet marketplace, Euroeat is looking into alternatives how to facilitate trading in its shares.
In driving traffic & visibility to the online stores in China, approved sales categories are of critical importance.
The name 618 comes from the fact that this event was originally organized on June 18, although now it is roughly a month long shopping bonanza.
1Q was very busy for us, mainly for positive reasons.
We have been often asked about where does the company name, Euroeat, come from. The naming of the company actually started from the perspective of the customers, Chinese consumers.