Ule Group definition
Examples of Ule Group in a sentence
In this announcement, the following expressions shall, unless the context requires otherwise, have the following meanings: “B2B Business” means businesses between wholesale merchants and Ule Group, whereby Ule Group will charge relevant platform service fees to wholesale merchants based on the GMV derived from wholesale merchants that are generated on the Ule Platforms and in accordance with market practice.
Pursuant to the Platform Service Fees Agreement, Ule Group will charge relevant platform service fees based on the GMV of its B2B Business and/or B2C Business in accordance with market practice.
Execution of the Platform Service Fees Agreement reflects an initial source of revenue for the Ule Group.
Headquartered in Hong Kong, the Group has regional headquarters in Beijing and Taipei with approximately 1,500 full-time employees (excluding approximately 500 full-time employees of Ule Group, an associated company of the Company).
Ule Group and China Post jointly promote and develop the Ule e-commerce business, and as the business model of Ule Group becomes more matured, Ule commenced its path to monetisation.
Platform Service Fees Agreement sets out a revenue model of Ule Group in furtherance of the development of the Ule Group’s business in PRC and Hong Kong.