HONG KONG, March 26, 2024 /PRNewswire/ -- Today, Jiaotou Friends Holdings Limited (“Make a Friend Holdings”) (01450.HK) announced its 2023 annual results announcement for the 12 months ended December 31, 2023. According to the results announcement, Jiaoyou Holdings' revenue for fiscal year 2023 was approximately RMB 1.07 billion, up about 152.4% year on year; adjusted net profit was approximately RMB 180 million, up about 601.3% year on year. Among them, the new media service sector showed strong growth, with completed commodity transactions (“GMV”) exceeding RMB 12 billion.
During the year, with the deep technology and rich experience it has accumulated in the field of live streaming, Jiaoyou Holdings achieved significant growth in operating data through a series of initiatives such as scientific and technological innovation, diversified development, organizational optimization, and strategic cooperation, showing strong market competitiveness and profitability.
Chairman Li Jun said, “The goal of making friends is to become a new technology-driven retail enterprise. We have always focused on core business collaboration and pursued long-term steady development. We continue to invest in the fields of software, systems, data value, etc. By establishing comprehensive data operation capabilities, this not only effectively improves operational efficiency, but also helps us quickly and standardize the matrix-based live broadcast room, thus forming a scale advantage.”
In 2023, Jiaoyou Holdings completed the “multi-platform layout” of Douyin, Taobao, and JD, and successfully created a standardized and replicable “matrix-based live broadcast room operation” model. The Group has more than 30 live broadcast rooms. These more professional and vertical matrix-based live broadcast rooms better meet the diverse needs of consumers. At the same time, Jiaoyou Holdings has also gradually built the “Friend Cloud” platform, using big data and artificial intelligence and other technologies to digitize and intelligentize the entire live e-commerce link process.
Jiaoyou Holdings attaches importance to the company's brand development and actively shares successful experiences to help the industry prosper. In 2023, Jiaoyou Holdings received more than 20 awards from the government or media, including “Influential Author of the Year and Influential MCN Organization of the Year” at the Douyin E-Commerce Ecosystem Conference, “2023 Commercial Value Agency” at the 30th China International Advertising Festival, short videos and “Daikoku Heavy Equipment” live streaming events co-produced by Jiaojiaoyou Holdings also won top international and domestic marketing awards such as the “Effy Award” and “Great Wall Award”.
As a leading e-commerce company for live streaming, Jiaotan Holdings also always adheres to compliance management, actively fulfills corporate social responsibilities, and helps the development of the real economy through practical actions. In 2023, Jiaoyou Holdings donated RMB 1 million for flood control and disaster relief in Beijing-Tianjin-Hebei and other places, donated RMB 2 million for earthquake relief in Gansu and Qinghai, and launched a live broadcast to help Zhuozhou in a live broadcast room to sell “fuel packs” and other supplies for affected enterprises.
In the future, Jiaoyou Holdings is committed to providing consumers with richer products, better services, more convenient shopping channels and a better shopping experience, and providing merchants with more efficient and stable sales and promotion channels. To this end, Jiaoyou Holdings will continue to increase investment in dimensions such as supply chain depth, digitalization, “friend cloud”, and talent training, and use “technology+talent” to empower live streaming rooms to improve various capabilities such as decision accuracy, operational efficiency, and customer base stickiness. Jiaoyou Holdings will continue to expand across platforms, promote standardized operation, replicate the high-quality matrix live broadcast room model, and achieve sustainable and large-scale development of matrix live broadcast rooms.
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