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PRINCIPAL ACTIVITIES AND ORGANIZATION (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Schedule of principal subsidiaries | As of December 31, 2021, the Company’s principal subsidiaries are as follows:
Subsidiaries |  | Place of incorporation |  |  | Date of incorporation or acquisition |  |  | Percentage of direct or indirect |  |  | Principal activities |
Yunji Holding Limited |  |  | Hong Kong |  |  |  | December 20, 2017 |  |  |  | 100 | % |  |  | Investment holding |
Chuangke Information Technology (Shenzhen) Co., Ltd. |  |  | Shenzhen |  |  |  | August 28, 2018 |  |  |  | 100 | % |  |  | Technology development |
Zhejiang Youji Supply Chain Management Co., Ltd. |  |  | Huzhou |  |  |  | November 30, 2016 |  |  |  | 100 | % |  |  | Procurement |
Anhui Delue Network Technology Co., Ltd. |  |  | Hefei |  |  |  | January 15, 2017 |  |  |  | 100 | % |  |  | Customer service |
Zhejiang Jiyuan Network Technology Co., Ltd. |  |  | Hangzhou |  |  |  | August 14, 2018 |  |  |  | 100 | % |  |  | Procurement |
Zhejiang Zhelue Network Technology Co., Ltd. |  |  | Hangzhou |  |  |  | May 23, 2016 |  |  |  | 100 | % |  |  | Sales of merchandise |
Hangzhou Jichuang Network Technology Co., Ltd. |  |  | Hangzhou |  |  |  | May 23, 2016 |  |  |  | 100 | % |  |  | Investment holding |
Yunji Hongkong Limited |  |  | Hong Kong |  |  |  | August 25, 2015 |  |  |  | 100 | % |  |  | Procurement |
Ningbo Yunchu Trading Co., Ltd. |  |  | Ningbo |  |  |  | May 10, 2018 |  |  |  | 100 | % |  |  | Custom clearance |
Hangzhou Yunchuang Sharing Network Technology Co., Ltd. |  |  | Hangzhou |  |  |  | June 13, 2018 |  |  |  | 100 | % |  |  | Investment holding |
Desking technology (HK) Co., Limited |  |  | Hong Kong |  |  |  | July 26, 2016 |  |  |  | 100 | % |  |  | Investment holding and Financing solution |
Jironghuishang Commercial Factoring (Tianjin) Co., Ltd. |  |  | Tianjin |  |  |  | October 16, 2018 |  |  |  | 100 | % |  |  | Financing solution |
Zhejiang Yunxuan Supply Chain Management Co., Ltd. |  |  | Hangzhou |  |  |  | August 9, 2018 |  |  |  | 100 | % |  |  | Procurement |
Schedule of variable interest entities | As of December 31, 2021, the Company’s principal consolidated VIEs and VIE’s subsidiaries are as follows:
|  | Place of incorporation |  |  | Date of incorporation or acquisition |  |  | Percentage of direct or indirect |  |  | Principal activities |
VIEs and VIE subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yunji Sharing Technology Co., Ltd. |  |  | Hangzhou |  |  |  | March 5,2018 |  |  |  | 100 | % |  |  | Investment holding |
Zhejiang Yunji Preferred E-Commerce Co., Ltd. |  |  | Hangzhou |  |  |  | June 13, 2018 |  |  |  | 100 | % |  |  | Investment holding |
Zhejiang Jishang Preferred E-Commerce Co., Ltd. |  |  | Hangzhou |  |  |  | April 22, 2016 |  |  |  | 100 | % |  |  | Procurement |
Zhejiang Jixiang E-commerce Co., Ltd. (“Jixiang”) |  |  | Hangzhou |  |  |  | August 14, 2018 |  |  |  | 100 | % |  |  | E-Commerce |
Hangzhou Fengjing Network Technology Co., Ltd. |  |  | Hangzhou |  |  |  | December 18, 2020 |  |  |  | 100 | % |  |  | Investment holding |
Ningbo Meishan Bonded Port Area Jichuang Taihong Venture Capital Partnership (LP) (“Jichuang Taihong”) |  |  | Ningbo |  |  |  | January 15, 2019 |  |  |  | 100 | % |  |  | Investment holding |
Hangzhou Heyi e-commerce Co., Ltd. |  |  | Hangzhou |  |  |  | August 5, 2020 |  |  |  | 100 | % |  |  | E-Commerce |
Anhui Yunhe Network Technology Co., Ltd. (“Yunhe”) |  |  | Hefei |  |  |  | March 28, 2019 |  |  |  | 100 | % |  |  | Customer service and Procurement |
Condensed Balance Sheet [Table Text Block] | The following disclosures present the operations and financial positions of the businesses that currently constitute the VIE entities as of and for the respective periods.):
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |
Cash and cash equivalents |  |  | 137,994 |  |  |  | 70,599 |
Restricted cash |  |  | 125,844 |  |  |  | 62,243 |
Accounts receivable, net |  |  | 12,204 |  |  |  | 4,028 |
Advance to suppliers |  |  | 18,334 |  |  |  | 10,801 |
Inventories, net |  |  | 3,500 |  |  |  | 1,694 |
Amounts due from the Group companies (2) |  |  | 3,909,067 |  |  |  | 520,888 |
Amounts due from related parties (1) |  |  | 6,603 |  |  |  | 1,178 |
Prepaid expense and other current assets |  |  | 195,428 |  |  |  | 158,148 |
Property, equipment and software, net |  |  | 23,698 |  |  |  | 11,191 |
Long-term investments |  |  | 34,625 |  |  |  | 215,293 |
Operating lease right-of-use assets |  |  | 8,612 |  |  |  | 3,852 |
Deferred tax assets |  |  | 44,674 |  |  |  | 4,463 |
Other non-current assets |  |  | 7,553 |  |  |  | 13,182 |
Total assets |  |  | 4,528,136 |  |  |  | 1,077,560 |
Accounts payable |  |  | 296,640 |  |  |  | 121,347 |
Deferred revenue |  |  | 35,412 |  |  |  | 21,058 |
Incentive payables to members |  |  | 8,212 |  |  |  | 6,085 |
Members management fee payable |  |  | 45,841 |  |  |  | 7,328 |
Other payable and accrued liabilities |  |  | 232,719 |  |  |  | 156,509 |
Amounts due to the Group companies (3) |  |  | 4,142,953 |  |  |  | 793,245 |
Amounts due to related parties (1) |  |  | 11,483 |  |  |  | 11,804 |
Operating lease liabilities, current |  |  | 5,160 |  |  |  | 2,768 |
Operating lease liabilities, non-current |  |  | 4,265 |  |  |  | 1,403 |
Deferred Tax Liability |  |  | — |  |  |  | — |
Total liabilities (4) |  |  | 4,782,685 |  |  |  | 1,121,547 |
Condensed financial statements |
|  | Year Ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Third-party revenues |  |  | 2,042,636 |  |  |  | 1,351,842 |  |  |  | 513,299 |
Intra-Group revenue |  |  | 2,528,138 |  |  |  | 1,770,244 |  |  |  | 501,168 |
Total revenues |  |  | 4,570,774 |  |  |  | 3,122,086 |  |  |  | 1,014,467 |
Operating cost and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Third-party operating cost and expenses |  |  | (3,854,682 | ) |  |  | (2,566,806 | ) |  |  | (906,559 | )
Intra-Group operating cost and expenses |  |  | (750,197 | ) |  |  | (565,409 | ) |  |  | (118,456 | )
Total operating cost and expenses |  |  | (4,604,879 | ) |  |  | (3,132,215 | ) |  |  | (1,025,015 | )
Net income |  |  | 16,071 |  |  |  | 6,826 |  |  |  | 164,950 |
Net cash provided by transactions with external parties |  |  | 1,789,881 |  |  |  | 2,426,562 |  |  |  | 539,673 |
Net cash used in transactions with intra-Group entities |  |  | (2,809,056 | ) |  |  | (2,365,128 | ) |  |  | (497,190 | )
Net cash (used in)/generated by operating activities |  |  | (1,019,175 | ) |  |  | 61,434 |  |  |  | 42,483 |
Net cash provided by/(used in) transactions with external parties |  |  | 440,033 |  |  |  | (18,347 | ) |  |  | 8,102 |
Net cash used in transactions with intra-Group entities |  |  | — |  |  |  | — |  |  |  | (180,000 | )
Net cash generated by/(used in) investing activities |  |  | 440,033 |  |  |  | (18,347 | ) |  |  | (171,898 | )
Net cash provided by/(used in) transactions with external parties |  |  | — |  |  |  | 2,300 |  |  |  | (1,198 | )
Net cash provided by/(used in) transactions with intra-Group entities |  |  | — |  |  |  | — |  |  |  | — |
Net cash generated by/(used in) financing activities |  |  | — |  |  |  | 2,300 |  |  |  | (1,198 | )
Effect of exchange rate changes on cash, cash equivalents and restricted cash |  |  | 288 |  |  |  | (1,161 | ) |  |  | (383 | )
Net (decrease)/increase in cash, cash equivalents and restricted cash |  |  | (578,854 | ) |  |  | 44,226 |  |  |  | (130,996 | )
Cash, cash equivalents and restricted cash at beginning of year |  |  | 798,466 |  |  |  | 219,612 |  |  |  | 263,838 |
Cash, cash equivalents and restricted cash at end of year |  |  | 219,612 |  |  |  | 263,838 |  |  |  | 132,842 |

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=123419778&loc=SL6759159-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5747-111685 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123419778&loc=SL6228884-111685 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5728-111685 + Details
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