Vesync Co Ltd
02148: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| HKD 2.50 | Pvhs | Rjfccfkv |
Veysnc’s Earnings To Be Supported by Geographical Expansion and Offline Channel Penetration
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Business Strategy and Outlook
Vesync focuses on the online marketing and sale of self-designed and self-developed small home appliances and smart home devices, mainly through Amazon (more than 80% of sales in 2022). According to NPD Group, in 2022, Vesync’s Levoit air purifier ranked number one in the United States in terms of sales volume and sales value, with market share of 33% and 23%, respectively.