Vesync Co Ltd

02148: XHKG (HKG)
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HK$9.60QhzKpcyffbj

Vesync Will See More Competitive Headwind in Overseas Market With Saturating Demand

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 75% of sales in 2023). According to NPD Group, in 2023, Vesync’s Levoit air purifiers ranked first in the US in terms of sales value, with market share of 29%.

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