[ET Net News Agency, 5 December 2019] Jefferies Research initiated coverage on China
Youzan (08083) with a "buy" rating and a target price of HK$0.7.
The research house considers Youzan a beneficiary of the secular trend in social
ecommerce in China, benefiting from the immense user base of Tencent's mini-programs. It
provides a comprehensive suite of solutions to merchants embracing the opportunities in
new retail with key verticals including food & beverage, clothing, beauty, household and
mother & infant products.
Jefferies expects Youzan to maintain its fast growth and become profitable in 2021. (KL)