022 Prnewswire Hong Kong Based Venture Capital Firm Beyond Ventures Is Pleased To Announce That Its Portfolio Company News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Yoho Group is Beyond Ventures' Fourth IPO from its Fund I Portfolio HONG KONG, June 10, 2022 /PRNewswire/ Hong Kong-based venture capital firm Beyond Ventures is pleased to announce that its portfolio company, Yoho Group (Stock code: 2347.HK), a first mover and one of the leading market players in the Hong Kong's B2C e-commerce industry, today debuted on the Main Board of the Stock Exchange of Hong Kong. Yoho Group is Hong Kong's No. 1e-commerce platform for consumer electronics and home appliances in terms of website traffic and online retail sales in FY20/21 and had a market share of approximately 5.6%, according to the Frost & Sullivan Report. In just three years Yoho Group has quadrupled sales revenues, from HK$135m in FY18/19 to HK$523m in FY20/21 and HK$497m in the first eight months of FY21/22. Adjusted net profits grew from HK$13m in FY18/19 to nearly HK$28.7m in FY20/21. Beyond Ventures and the HKSAR Government's Innovation and Technology Venture Fund (ITV ....

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