EPWK Holdings Ltd.
Our mission is to add value to our users in both service supply and demand sides. We create an innovative and efficient crowdsourcing platform to connect businesses with great talents. We design a digital marketplace with a comprehensive services catalog and an efficient search, find and order process to match talents with service needs. (Incorporated in the Cayman Islands)
We are the second-largest online marketplace in China. Our platform, operated through EPWK VIE, is one of only two comprehensive crowdsourcing platforms in China, with the other one operated by Zhubajie. Our platform enables businesses (buyers) and service providers (sellers) to find each other. From 2019 to 2021, our platform enabled approximately US$804 million (RMB5.39 billion) of GMV across 2.23 million projects between 15.33 million sellers and 7.67 million buyers from all 34 provinces of China. Specifically, in 2019, we enabled US$210 million of GMV across 0.6 million projects between 12 million sellers and 6 million buyers. In 2020, we enabled US$ 254 million of GMV across 0.7 million projects between 12.32 million sellers and 6.16 million buyers. In 2021, we enabled US$340 million of GMV across 0.9 million projects between 15.33 million sellers and 7.67 million buyers.
Our marketplace platform was launched in 2011. We have achieved significant growth ever since our inception. Our platform users consist of buyers who seek talent for their jobs and sellers who offer different talents and skills. We currently have over 23 million registered users and offer an expansive catalog to provide diversified services to businesses of all sizes. Our average annual active users, or AAU, is 10.13 million. Our daily inquiries well exceed 10,000 from logo design to business name selection to software development. Our GMV increased by 33.5% from US$ 254 million (RMB 1.755 billion) in 2020 to US$ 340 million (RMB 2.19 billion) in 2021.
Our buyers include micro, small and medium-sized businesses from various industries. The sizes of the buyers range from one-man shops to companies with US$ 23 million (RMB 150 million) revenue. As of December 31, 2021, our service covers more than 2,800 cities and counties with approximately 7.67 million active buyers.
Our sellers consist of student artists, professional designers, part-time freelancers and micro, small, and medium-sized businesses with different talents, skills and services to offer. As of December 31, 2021, we had 15.53 million sellers on our platform.
Our catalog has seven categories of design, software development, marketing, business writing, interior decoration, life service and business service. The seven categories cover over 300 items including logo design, animation design, industrial design, website development, software development, copywrite planning, marketing promotion, decoration design and more.
We provide online and mobile access to approximately 15.33 million sellers with a broad set of skills. Through our website and mobile apps, buyers can post their jobs for free, connect with these talents easily, and get a broad range of services executed quickly and efficiently.
**Note: Revenue and net loss figures are for the year ended June 30, 2022.
|Industry:||Digital Talent Platform|
|Address||Building #2, District A, No. 359 Chengyi Rd., The third phase of Xiamen Software Park Xiamen City, Fujian Province The People’s Republic of China, 361021|
|Phone Number||+86 400-6999467|
|View Prospectus:||EPWK Holdings Ltd.|
|Revenues||$12.81 mil (last 12 months)|
|Net Income||$-3.41 mil (last 12 months)|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$30.0 mil|
|Manager / Joint Managers||Revere Securities|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|