The only product will be the CFO Yangdonghao: expanding only the ecological circle

On the evening of August 21, the only product will be expanding its biosphere: according to CFO Yangdonghao, it is planning financial operations, including the application for payment of licences, and plans to provide financing services to suppliers.

According to Yangdonghao, only the goods will have been in Shanghai and Guangzhou, respectively, access to microcredit licences, and last year in Shanghai to obtain a factoring licence, that is, accounts receivable financing. In addition, the only product will have a payment team, is applying for payment of licences, and doing these things is to hope the whole biosphere.

Yangdonghao with the financial business example, many small micro-enterprises are facing financing difficulties, the high cost of financing, the only thing will be able to do is to use their own funds to more than 4,000 suppliers to provide financial services.

According to the results of the second quarter of 2014, the total revenue reached 829.4 million U.S. dollars, a 136.1% increase from 351.3 million trillion dollars in the same period last year, and a net profit of 26.4 million dollars, up 9 million from the same period last year. For how to maintain high-speed growth is a topic of great concern to the capital, especially many people worry that a large number of clothing inventory is only temporary phenomenon.

Yangdonghao said he was not worried about the issue, and that the clothing industry would naturally produce inventories, and that no one could predict exactly how much of each style could be sold. Even the most mature brands in the United States and Europe will normally have about 20% inventories in a quarter.

"China's tail cargo processing market with the development of time will gradually integrate, only the product will now market share is not small, with such rapid growth, and in a few years market share will rise rapidly, the right to speak will rise, bargaining power will be strengthened." "Yangdonghao said.

According to the only product results, more than 90% orders are repeat customers contribution, which means that only goods will not need to spend a lot of advertising to pull new users. On the other hand, the number of active users in the two quarter is 4.1 million, the total active user is 9.3 million, but compared to the whole of China's 300 million of the net-shopping population is still very low penetration rate. Based on the above reasons, Yangdonghao that there is still a lot of room for growth.

The mobile side is also a bright spot in this quarter's earnings. The data showed that mobile sales accounted for only 12% in the two quarter last year and reached 46% a year later. Yangdonghao said that the future development of the three major focus is to increase the growth of brand members + scale effect brand expansion + mobile end. At present, only products in the United States to set up overseas research and development center in Silicon Valley, the main direction is large data, mechanical learning, mobile platform. (Lin)