Shuiyang Co., Ltd. said in a conference call that the company that was acquired this time is American RV, and its main brand is RéVive, an American luxury skincare brand with a pioneering background in technology. The RV brand has received high recognition in the European, American and American markets, with a global GMV of about 70 million to 80 million US dollars. This scale is about the same as EDB in 2022, but the revenue structure is completely different. North America probably contributed more than 60% of revenue, more than 70% of the market is in Europe and the US, and the mainland China market share is still relatively low, about 10%. The company believes there is great potential for future growth in China.

Shuiyang Co., Ltd. said in a conference call that the company that was acquired this time is American RV, and its main brand is RéVive, an American luxury skincare brand with a pioneering background in technology. The RV brand has received high recognition in the European, American and American markets, with a global GMV of about 70 million to 80 million US dollars. This scale is about the same as EDB in 2022, but the revenue structure is completely different. North America probably contributed more than 60% of revenue, more than 70% of the market is in Europe and the US, and the mainland China market share is still relatively low, about 10%. The company believes there is great potential for future growth in China.