Urban Company Ltd IPO

We have incurred net losses and negative operating cash flows in the past. If we are unable to generate adequate revenue growth and increase cost-efficiency, we may not be able to generate positive operating cash flows and maintain profitability in the future, and our viability as an operating business will be adversely affected.

If we are unable to continue to provide a satisfactory experience to our consumers, our business and reputation may be materially and adversely affected.

We face intense competition from traditional offline players and due to low penetration of online services across the markets we serve, which may result in reduced demand for services on our platform or reduced number of service professionals signing up for our platform, resulting in a negative impact to our revenues and costs.

If we are unable to attract and retain service professionals on our platform, our platform will become less appealing.

Our business may suffer if we do not successfully manage our current and potential future growth, which may adversely impact our business and financial condition.

Consumers and service professionals may circumvent our platform and engage through other means, thereby adversely impacting our business financial condition and results of operations.

We have a limited operating history in some of our business lines such as our products under the Native brand, our InstaHelp offerings, small home project offerings, wall panel services for home decor and cleaning subscription services. A rapid evolution of our business model may make it difficult for investors to evaluate our business, results of operations and financial condition.

Our business depends on the strength of our brands including `Urban Company' and reputation, and any adverse impact on our reputation or brand may materially and adversely affect the growth of our business, financial condition, cash flows and results of operations.

We are exposed to many types of operational risk, including the risk of improper, harmful or otherwise inappropriate activity and oversight errors by employees, consumers, service professionals and third parties. Materialization of any of the operation risks may materially and adversely affect the growth of our business, financial condition, cash flows and results of operations.

Our business may be adversely affected by unrest among service professionals on our platform and union activities.