SHANGHAI, Sept. 3, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd. ("Nisun International" or the "Company") (NASDAQ:NISN), a technology and industry driven integrated supply chain solutions provider, is proud to announce a significant milestone in its gold trading business. Through its subsidiaries, Nisun International has achieved cumulative revenue exceeding RMB 1.75 billion (approximately USD 240 million) in the centralized procurement, retail, and wholesale of gold products since the business started in January 2023. This achievement underscores the Company's strategic expansion and growing presence in the gold supply chain trading sector.
"We are thrilled to reach this milestone, which reflects the effectiveness of our strategic approach to diversifying our business and enhancing our supply chain capabilities," said Mr. Xin Liu, CEO of Nisun International. "Our success in the gold market demonstrates our ability to identify and capitalize on growth opportunities within the commodity supply chain sector. This accomplishment is a testament to our team's hard work and commitment to driving sustainable growth."
Nisun International's subsidiaries have strategically positioned themselves within the Shenzhen Shuibei International Jewelry Trading Center, the largest and most comprehensive gold jewelry hub in China. This center is a vital marketplace, representing over 75% of China's gold jewelry market share and serving as a barometer for the industry. By leveraging its presence in this key market, Nisun International provides extensive raw material support for both online and offline sales of its cooperative enterprises, enhancing its ability to meet diverse ...
