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HengLin Shares: plans to add 2-3 overseas warehouses in the United States next year
    December 18,2020



According to the record of Investor Relations Activities of HengLin, the sales revenue of cross-border e-commerce of HengLin from April to June this year has reached 9%, or 161 million yuan, of the operating revenue in the first half of 2020. In view of this trend, the relevant person in charge said that next year the company plans to add two-three additional overseas warehouses to the two US overseas warehouses to meet the needs of users within 2 days and enhance competitiveness. In addition, the head believes that the rapid increase of e-commerce penetration in the United States is behind the changes in consumption habits brought about by the epidemic. However, it remains to be seen whether the growth rate of online consumption can be sustained after the epidemic.

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