Zitong Financial App News, China Youzan (08083) announced that the board of directors has applied to the Stock Exchange for Youzan Technology shares to be listed on the main board of the Stock Exchange.

The announcement said that the listing of Youzan Technology is aimed at releasing the growth potential of Youzan Technology Group and further developing its SaaS business. As the listing of Youzan Technology will be conducted by way of introduction, there will be no public offering of shares of Youzan Technology.

It is reported that Youzan Technology Group provides a variety of cloud business services to merchants mainly through its subscription solutions and merchant solutions. Subscription solutions mainly include providing SaaS products specially designed for merchants in a variety of industries, including praise WeChat Mall, likes retail, likes chain, praise industries and likes education. Merchant solutions mainly include providing a variety of value-added services to merchants to meet their online and ╱ or offline operational needs. Through its subscription solutions and merchant solutions, Youzan Technology Group assists merchants in establishing online businesses, digitizing key business operations, integrating online ╱ offline activities, mastering and managing their online customer traffic, promoting customer acquisition and repurchase, and improving operational efficiency.