Vesync Co Ltd
02148: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$7.10 | Qmf | Ghyytflw |
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%.