v3.26.1
RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
SCHEDULE OF MAJOR RELATED PARTIES AND THEIR RELATIONSHIPS WITH GROUP

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2025:

 

Name of related parties   Relationship with the Group
     
Small Ye Group   Controlled by Mr. Xiao Shanglue, Founder and CEO of the Group
Guangdong Weixin Technology Co., Ltd. (“Weixin”)*   An associate of the Group (incorporated in 2018)
Hangzhou Bixin Biotechnology Co., Ltd. (“Bixin”)*   An associate of the Group (incorporated in 2019)
Shanxi Yunnong Logistic Management Co., Ltd. (“Yunnong”)*   An associate of the Group (incorporated in 2019)
Zhejiang Jimi E-commerce Co., Ltd. (“Jimi”)   An associate of the Group (incorporated in 2020)
Zhejiang Jibi Technology Co., Ltd. (“Jibi”)   An associate of the Group (incorporated in 2020)
Hangzhou Yin Yu Guo Media Co., Ltd. (“Yin Yu Guo”)   An associate of the Group (incorporated in 2025)

 

*The investments in these associates were disposed by the Group in 2024 and 2025.
SCHEDULE OF RELATED PARTY BALANCES AND TRANSACTIONS

The Group entered into agreements with aforementioned equity method classified investees as related party transactions, including purchase of merchandise from them and marketplace services provided to them. Details of related party balances and transactions as of December 31, 2023, 2024 and 2025 are as follows:

 

Advance to related parties and amounts due from related parties

 

   2024   2025 
   As of December 31, 
   2024   2025 
   RMB   RMB 
         
Amounts due from related parties          

Yin Yu Guo

   -    60 
Jimi   495    - 
Others   167    165 
Total   662    225 

 

Amounts due to related parties

 

   2024   2025 
   As of December 31, 
   2024   2025 
   RMB   RMB 
         
Yin Yu Guo   -    1,300 
Jibi   671    671 
Small Ye Group   602    602 
Jimi   125    28 
Others   247    235 
Due to related parties, current   1,645    2,836 
SCHEDULE OF RELATED PARTY TRANSACTIONS

The terms of the agreements the Group entered into with the related parties are comparable to the terms in arm’s-length transactions with third-party customers and vendors.

 

Transactions with related parties

 

  

Year Ended

December 31, 2023

  

Year Ended

December 31, 2024

  

Year Ended

December 31, 2025

 
   RMB   RMB   RMB 
             
Purchase of merchandise               
                
Jimi   16,353    6,423    1,172 
Bixin   1,852    855    - 
Yunnong   1,286    -    - 
Others   3,105    273    196 
Purchases of merchandise from related parties   22,596    7,551    1,368 

 

 

YUNJI INC.

 

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(All amounts in thousands, except for share and per share data, unless otherwise noted)

 

28. RELATED PARTY BALANCES AND TRANSACTIONS (CONTINUED)

 

Transactions with related parties (continued)

 

  

Year Ended

December 31, 2023

  

Year Ended

December 31, 2024

  

Year Ended

December 31, 2025

 
   RMB   RMB   RMB 
             
Marketplace service provided to related parties               
                
Jimi   1,501    646    17 
Bixin   1,075    590    - 
Others   80    -    - 
Market place service provided to related parties   2,656    1,236    17 
                
Other goods and services provided to related parties               
                
Jimi   56    38    21 
Bixin   172    12    - 
Others   86    -    10 
Other goods and service provided to related parties   314    50    31