- CEO
- Ning Zhu
- Full Time Employees
- 1,489
- Sector
- Technology
- Industry
- Software - Application
- Address
- Unit 1511 Wanchai Hong Kong
- IPO Date
- Jan 8, 2021
- Business
- Youzan Technology Limited (formerly China Youzan Limited; OTC: CHNVF; HKG: 8083), an investment holding company founded in 1995 and headquartered in Wan Chai, Hong Kong, with key operations in Hangzhou, China, provides e-commerce software-as-a-service (SaaS) solutions, third-party payment services, and related consultancy to merchants primarily in the People's Republic of China, Japan, and Canada. The company operates through Merchant Services, Third-Party Payment Services, and Other segments, offering a suite of cloud-based products including Youzan WeiMall for e-commerce storefronts, Youzan Retail and Youzan Chain for omnichannel retail and chain store management, Youzan Beauty for beauty industry solutions, Youzan Education for education services, Youzan Hotel, and additional SaaS tools such as digital marketing, customer relationship management, data analytics, targeted campaigns, integrated payment gateways supporting Alipay and WeChat Pay, logistics automation, promotional modules like flash sales and loyalty programs, Youzan Guarantee (upgraded to Worry-free Shopping), Youzan Distribution, Rapid Settlement, and Consumer Finance. These solutions enable merchants across verticals including fashion, beauty, food and beverage, hospitality, and education to build online stores, manage mobile micro-stores on WeChat and other platforms, enhance customer conversion, and expand omnichannel operations. In recent developments, the company changed its name from China Youzan Limited to Youzan Technology Limited in August 2024; completed the acquisition of approximately 48.10% interest in Youzan Technology Inc. in December 2023; reported continuous profitability in 2024 with positive growth projected for 2025 per its annual report released March 2025; launched a new AI system and fully managed services at its 12th anniversary in November 2024; and ramped up integration of its AI engine Youzan Jarvis, driving merchant revenue growth and retail transformation strategies announced at its Spring Conference in May 2024.