NEW YORK, April 03, 2019 (GLOBE NEWSWIRE) -- Ruhnn Holding Limited (Nasdaq: RUHN), the largest internet key opinion leader, or
KOL, facilitator in China as measured by revenue in 2018, visited the Nasdaq MarketSite in Times Square today in celebration of
their initial public offering (IPO) on The Nasdaq Stock Market.
Ruhnn Holding Limited provides professional training to the KOLs and helps them develop distinctive characters and grow their
fan bases. KOLs, also known as influencers, are individuals who have the power to engage and impact people within a specific
community or field, such as fashion, culture, entertainment and gaming. The company owns and operates online stores on third-party
e-commerce platforms, a majority of which are opened in the name of the KOLs, that generate revenue through online sales of
self-designed products. Ruhnn also connects their KOLs with third-party online stores and merchants to promote products sold in
third-party online stores or provide advertising services on KOLs' social media spaces to third-party merchants. This new model
allows them to operate in a more asset-light manner and collaborate with a greater number and variety of KOLs and brands.
“We are excited to become a publicly traded company on Nasdaq, an exchange that embodies innovation. We are proud to be among
Nasdaq listed companies, which are some of the world’s most important internet and technology companies. Our team at Ruhnn has over
10 years of experience in e-commerce. With our Key Opinion Leader ecosystem, we have become the leading KOL incubator in China, and
as such, the ideal partner of retail brands. Being here today is a milestone for us and we look forward to our continued growth,”
said Min Feng, Co-Founder and Chairman of Ruhnn.
“Ruhnn Holding Limited prides themselves on their ability to identify and cultivate a large number of promising internet KOLs in
an efficient and sustainable manner,” said Bob McCooey, Chairman, Nasdaq Asia Pacific. “They use data analysis and innovative
technology to help their KOLs produce engaging content and more effectively interact with their fans to increase their popularity.
We are so excited to welcome them to Nasdaq’s family of the world’s most innovative companies.”
The information contained above is provided for informational and educational purposes only, and nothing contained herein
should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information
about the company is provided by the company or comes from the company’s public filings and is not independently verified by
Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about
the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance.
Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results.
Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES
PROFESSIONAL IS STRONGLY ADVISED.
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Nasdaq Welcomes Ruhnn Holding Limited (Nasdaq: RUHN) to The Nasdaq Stock Market
Ruhnn Holding Limited (Nasdaq: RUHN), the largest internet key opinion leader, or KOL, facilitator in China as measured
by revenue in 2018, visited the Nasdaq MarketSite in Times Square today in celebration of their initial public offering (IPO)
on The Nasdaq Stock Market