Company Overview - Yunji Intelligent completed a $100 million financing round in April 2025, led by Tencent and Beijing Robotics Industry Development Investment Fund, with participation from Sci-Fi Fund and Ming Shi Venture Capital [2] - The company has initiated a Pre-IPO financing round, accelerating its path towards an IPO [2] - Since its establishment in 2016, Yunji has completed 10 financing rounds, accumulating several billion yuan in total funding [2] Financial Performance - In 2024, Yunji's revenue grew by over 130% year-on-year, with overseas market growth nearing 700%, achieving stable profitability [3] - During the Double Twelve shopping festival, Yunji ranked first in market share for vacuum cleaners in China, narrowing the gap with leading competitors like Roborock and Ecovacs [3] Industry Competition - The global vacuum cleaner market shipped 20.6 million units in 2024, reflecting an 11% year-on-year increase, with a market value of approximately $900 million [5] - Roborock led the global market with a 16% share in shipment volume and 22.3% in sales revenue, surpassing iRobot for the first time [4] - Ecovacs held a 13% global market share, while other competitors like Dreame Technology achieved around 8% [6] Market Positioning - Yunji achieved the highest market share in China's vacuum cleaner market during the Double Twelve period, although it still lags behind top brands globally [6] - The company has made significant strides in product innovation, introducing features like automatic cleaning cloths and water management systems, enhancing its competitive edge [7] - Yunji's rapid expansion into over 30 countries has established a solid foundation for increasing its market share [7] Future Outlook - Following its recent financing, Yunji has the opportunity to enhance its market position, but it must continue to invest in technology development and market channel expansion to compete effectively against Roborock, Ecovacs, and Dreame [8]