Youlife Group Inc. (NASDAQ:YOUL) – Leading Blue-Collar Talent Lifelong Service Platform in China | Company Profile
Youlife Group Inc. is a Shanghai-based enterprise specializing in lifelong service platforms for blue-collar talents. Its core businesses span vocational education, talent recruitment, employee management, and market services, forming a closed-loop industrial chain covering talent cultivation, recruitment, outsourcing, and training. As the largest blue-collar employee management service provider in China, the company integrates online and offline resources to empower blue-collar career development.
I. Company Overview
Founded in 2009 and headquartered in Shanghai, China, Youlife Group operates under the "Youlife" brand, focusing on integrated services for blue-collar talents and enterprises. Through vocational education, recruitment, employee management, and market services, the company has built a comprehensive service ecosystem covering the entire lifecycle of blue-collar workers. As of the latest business updates, the company has established an Online-Merge-Offline (OMO) service model, integrating nine major scenarios and leveraging big data and AI technologies to drive precise job matching.
Official Website: https://www.youlife.cn/
II. Core Business Segments
- Vocational Education
- Provides vocational learning and on-the-job skill enhancement services to empower blue-collar career development.
- Talent Recruitment
- Connects blue-collar job seekers with enterprises through multiple channels (APP, WeChat, offline stores) to deliver precise recruitment services.
- Employee Management
- Offers blue-collar talent outsourcing services, serving an average of 6,822 employees per month in 2021. Outsourcing services accounted for 98.6% of revenue in H1 2022.
- Market Services
- Provides配套 market services tailored to blue-collar needs, completing the industrial chain ecosystem.
III. Technological and Business Advantages
- OMO Integration Model: Integrates nine online and offline scenarios (APP, WeChat, physical stores) for deep integration of information, services, and data.
- Technology-Driven: Utilizes big data and AI to improve job matching efficiency, redefining blue-collar recruitment.
- Industry Leadership: The largest blue-collar employee management service provider in China, serving 4,170 blue-collar talents across sectors like technical operators and food service in H1 2022.
- Closed-Loop Industrial Chain: Comprehensive services from talent cultivation to recruitment, outsourcing, and training enhance customer stickiness and market competitiveness.
IV. Development Timeline
| Year | Key Events |
|---|---|
| 2009 | Youlife Group founded, focusing on blue-collar talent services. |
| January 6, 2023 | Planned Hong Kong IPO (subsequently shifted to NASDAQ via SPAC merger). |
| May 20, 2024 | Entered into a definitive business combination agreement with Distoken Acquisition Corp. (NASDAQ:DIST). Post-merger, the company will be renamed Youlife Group Inc. and listed on NASDAQ under the ticker YOUL. |
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