Vesync’s Secular Top-Line Growth and Profitability Are Under Pressure From Intensifying Competition
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%.