What is VESYNC? VESYNC Review

Introduction

VeSync Group (Morning North Technology) was founded in 2011. It has established companies and offices in nearly 10 countries and regions around the world, including the United States, mainland China (Shenzhen, Chongqing), Germany, the Netherlands, the United Kingdom, Hong Kong, Japan, and Macau, China, with more than 1,000 employees worldwide. In 2020, VeSync was publicly listed on the Main Board of the Hong Kong Stock Exchange (stock code 2148). For 10 years, VeSync has been adhering to the business philosophy and mission of "Build a Better Living!" to provide personalized healthy and smart life for families around the world. Through continuous innovation, providing high-quality integrated services of hardware, software, and content, its products are sold to more than 100 countries and regions around the world, and are always in a steady and rapid development state. By providing products and services in multiple fields such as health monitoring, kitchen appliances, and living environment, VeSync has become the leader of the smart home platform in the United States, and driven by the strategy of globalization, intelligent interaction, deep connection, and digitalization, it has developed rapidly in the growing smart home market in the world.

Development History

In 2011, Etekcity US was established and started selling small appliances online on Amazon

In 2013, Shenzhen Chenbei was established to enhance product design, development and capabilities. Relying on abundant domestic resources, the supply volume, transportation efficiency and R&D capabilities have been steadily improved, and in the same year, it entered the European market.

2015, developed VeSync application to provide smart home solutions

In 2016, the "Levoit" brand was launched for home appliances, the "Cosori" brand was launched for kitchen appliances and dining utensils, and the VeSync R&D team was established.

In 2017, we started selling on Amazon under the Vendor Central program; launched our first smart small appliance: the smart air purifier; and entered the Japanese market

In 2018, the first air fryer was launched

In 2019, we launched our second smart small appliance: the smart air fryer; and started developing smart security solutions

product

Some product displays

Levoit Home Appliances

Etekcity Smart Appliances

Cosori Kitchen Appliances

Competitive Advantage

Vesync attributes its competitive advantages to the following factors:

1. Strong brand awareness and high sales ranking on Amazon

2. Design and development capabilities to design innovative products and set up new automation functions

3. A long-standing and strong relationship with Amazon

4. Experienced and dedicated management team

References