Fellow
Franz WU
Co-founder, Chairman and CEO of yoho grop (2347.HK)
Franz Wu's entrepreneurial journey began after he graduated from the Hong Kong University of Science and Technology (HKUST) during the 2008 financial crisis. Despite the challenging job market, Franz's determination to succeed led him to establish his own business in the trading and distribution of consumer electronics and home appliances. His experience at HKUST, where he majored in Economics, provided him with the foundational knowledge and skills necessary to navigate the complexities of the business world. Today, Franz is a successful CEO, Chairman, and Co-Founder of Yoho Group (2347.HK), a company that has revolutionized the e-commerce industry in Hong Kong through the introduction of the online-merge-offline (OMO) business model.
Company Description
Yoho Group is a top player in Hong Kong's B2C e-commerce industry, with a focus on consumer electronics and home appliances. Using an innovative online-merge-offline (OMO) business model, Yoho operates an e-commerce platform and three retail stores in Kwun Tong, Cheung Sha Wan, and Causeway Bay. With a vast product portfolio of over 24,000 SKUs and a customer base of over 960,000 registered members, Yoho provides a seamless shopping experience through its OMO model and more than 2,000 pick-up points, including its retail stores. Yoho raised US$28 million in several funding rounds and became the first B2C e-commerce company in Hong Kong to list on the HKEX Main Board with stock code "2347.HK" in June 2022.