China's largest blue collar employee management service provider: Youlife Group Inc. (YOUL)

Youlife Group Inc. (NASDAQ: YOUL) was founded in 2009, Headquartered in China Shanghai is China's leading lifelong service platform for blue collar talents, whose business includes career education , talent recruitment, employee management and market service, forming a closed-loop industrial chain of blue collar talent training, recruitment, outsourcing and training. On May 20, 2024, Youlife International Holdings Inc. and Special purpose acquisition company Distoken Acquisition Corporation (Nasdaq: DIST) announced that they had signed the final business merger agreement on the proposed business merger. After the merger, the company will be renamed Youlife Group Inc. and listed on NASDAQ with the stock code YOUL.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/youl.html

Youlife Group Inc. (YOUL)

Youlan International is China's leading blue collar lifelong service platform. Operating under the brand of Youlan, Youlan International is a platform company that integrates vocational education services, recruitment services, employee management services and market services to serve blue collar talents and enterprises in China. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/youl.html

In view of the deep-rooted pain points in China's huge vocational education industry, blue collar recruitment service industry, blue collar employee management industry and blue collar market service industry, Youlan International's blue collar lifelong service platform aims to empower blue collar workers, help them find jobs, and connect blue collar job seekers with suitable employers through vocational learning and on-the-job skills upgrading, And provide customized human resources solutions for enterprises. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/youl.html

Youlan International has created an online and offline integrated service mode of OMO, integrating nine scenarios of APP, WeChat, WAP, PC, stores, talent markets, job fairs, campus, and social networking, using big data and artificial intelligence AI technology drives accurate matching of people and posts, provides in-depth vertical recruitment services of information+services+data, redefines blue collar recruitment, and creates a new generation of blue collar recruitment categories. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/youl.html

Youlife Group Inc. (YOUL) data

• Youlan International is the largest blue collar employee management service provider in China, with 6822 blue collar outsourcing talents in 2021.
• From 2019 to the first half of 2022, the net losses of Youlan International were 192 million yuan, 12.45 million yuan, 221 million yuan and 118 million yuan respectively.
• From 2019 to 2021, Youlan International achieved revenue of 665 million yuan, 636 million yuan and 738 million yuan respectively, and in the first half of 2022, Youlan International achieved revenue of 304 million yuan. Among them, employee management accounted for 91.7%, 84.9%, 77.1% and 67.8% respectively.
• From 2019 to the first half of 2022, outsourcing services accounted for 90.2%, 91.9%, 92.9% and 98.6% of employee service income respectively.
• As of June 30, 2022, there are 4170 blue collar talents working for customers under the outsourcing service of Youlan International.
• From 2019 to the first half of 2022, the gross profit rate will be - 3.3%, 0.4%, 8.3%, 10.4% and 12.7% respectively.
• As of June 30, 2022, the five positions successfully settled for outsourcing services are technical operator, salesperson, catering service staff, supermarket staff and telephone customer service staff.

Youlife Group Inc. (YOUL) is listed

On January 6, 2023, Youlan International plans to go to Hong Kong for listing. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/youl.html

On May 20, 2024, Youlife International Holdings Inc. and the listed special purpose acquisition company Distoken Acquisition Corporation (NASDAQ stock code: DIST) announced today that they had signed the final business merger agreement on the proposed business merger. According to the business merger agreement, the merged company will be renamed Youlife Group Inc. It is expected that the merged company will be listed on the NASDAQ stock market with the stock code of YOUL. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/youl.html

Through business merger, on the one hand, Distoken will provide strategic and resource support for Youlife's development, help Youlife's business growth in the global market, and further consolidate and strengthen Youlife's leading position in the field of blue collar talent services; On the other hand, with its constantly developing blue collar talent service ecosystem, strategic layout in overseas emerging markets, AI intelligent transformation and differentiated competitive advantages, Youlife believes that its plan to list in the United States will not only create a capital platform for its development and attract the attention of investors in the international capital market, but also further promote Youlife's growth strategy, and is committed to becoming the preferred lifelong service platform for global blue collar talents. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/youl.html

Youlife Group Inc. (YOUL) US equity investment

Wait for the successful merger and listing of Youlife Group Inc. (YOUL) SPAC of Youlan International. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/youl.html