Tag Archive for China

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Herbalife Optimistic About Great Potential In China

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China is expected to become the No 1 market globally for Herbalife, a Los Angeles-based health and wellness company, in five to seven years, said a senior company executive in a media interview in Shanghai on Friday.

“We’re upbeat about the great potential in China, not only due to the country’s population base. I do believe that China holds a lot of advantages in terms of its forward-looking policies, entrepreneurial spirit and macroeconomic climate,”

said Stephan Gratziani, president of Herbalife, which has been active in the China market for more than two decades.

“Also, we noticed that Chinese consumers are paying increasing attention to healthy diets and lifestyles,”

he said, adding that India, the US, and Mexico are currently the company’s top three markets in terms of sales.
Based in Shanghai, Herbalife’s first product innovation center in the world was opened in 2020. With an investment of 160 million yuan ($22 million), the facility realized one-stop product solutions in China.

“The product innovation center is equipped with six laboratories and one innovation and experience center. It aimed to accelerate transforming cutting-edge achievements in the nutritional science field into health products for the market. It also aimed to strengthen the company’s innovative research and development

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USANA Q1 Revenue 2024 Down 8% To $228 Million

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Key Financial & Operating Results

First quarter net sales were $228 million versus $248 million during Q1 2023, and increased 2% sequentially in constant currency.
First quarter diluted EPS was $0.86 as compared with $0.95 during Q1 2023.
Company reiterates fiscal year 2024 net sales and diluted EPS outlook of $850 million to $920 million and $2.40 to $3.00.

“Our top line results during the first quarter were driven by a successful sales incentive in mainland China, which helped counter the seasonal slowdown that we experience during the Lunar New Year holiday,”

said Jim Brown, President and Chief Executive Officer.

“This sales incentive helped us generate 15% year-over-year active customer growth in our largest market, as well as year-over-year and sequential quarter sales growth. Notwithstanding our solid performance in China, our first quarter results in other key markets did not meet internal expectations and we are actively working to accelerate our business in these markets during 2024.

Doug Hekking, Chief Financial Officer said:

“Strength in our mainland China operations carried our first quarter results. This performance helped offset softness in many other markets where we continue to face a challenging operating environment highlighted by ongoing inflationary pressures. We remain committed to engaging with Associate leaders throughout each

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Partner.Co Area President Of Greater China & Japan Yiru Zhou Already Making Huge Impact

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Zhou brings 15+ years of industry experience, and, in less than two months with Partner.Co, he has already made significant strides in growing the company’s presence in the region.

Yiru Zhou assumed the role of Area President of Greater China & Japan for Partner.Co at the beginning of February 2024, and he has already significantly impacted the company’s growth in the region.
Expertise & Background
Born in China and trilingual in Mandarin, Japanese and English, Yiru earned his bachelor’s degree in economics from Kokugakuin University in Tokyo, Japan and currently lives in Utah with his wife and children.
Over the course of his career, he’s worked in various sectors of the industry, including customer service, international development, regulatory affairs and sales. His strong foundation across the industry has allowed Yiru to approach his previous positions holistically, knowing that it takes many different areas working in concert to make a successful company. His person-first, servant-leader approach has helped him engage and communicate with field leaders with ease, helping them build their businesses to new heights.
In his previous role, Yiru’s ability to drive immediate sales while maintaining a bigger-picture outlook to fuel long-term growth helped break the company’s five-year sales record in Asia.
Events Making an

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How to import from China to UK

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs

For the UK, the desire to import goods from China is vast. China was the joint-first biggest single country that the UK imports from, along with Germany, accounting for 12 per cent of all UK imports.

Find a supplier in China

If you’re just starting up with a small order and you don’t want to go all the way to China to a trade fair, you can find online suppliers first. Three well-known ones are: Aliexpress, Alibaba, and Banggood.

Aliexpress

This retail portal, which is owned by Alibaba, is suitable for dropshippers who want to start buying from China. Hangzhou-based Alibaba group owns the website. It launched as a B2C website but most of its customers buy lots of between 10 and 50 pieces.

Alibaba

China’s biggest online e-commerce company and world’s largest B2B website listing suppliers in China. 

Banggood

Banggood has more than 20 categories for Chinese goods with 200,000 products listed and offers free shipping on some orders with warehouses in the UK, France, the US and Australia. It accepts all major payments including Paypal.

However, if you have experience in importing goods from China to the UK and you want to

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Hot Business News Today

How to import from China to UK

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs

For the UK, the desire to import goods from China is vast. China was the joint-first biggest single country that the UK imports from, along with Germany, accounting for 12 per cent of all UK imports.

Find a supplier in China

If you’re just starting up with a small order and you don’t want to go all the way to China to a trade fair, you can find online suppliers first. Three well-known ones are: Aliexpress, Alibaba, and Banggood.

Aliexpress

This retail portal, which is owned by Alibaba, is suitable for dropshippers who want to start buying from China. Hangzhou-based Alibaba group owns the website. It launched as a B2C website but most of its customers buy lots of between 10 and 50 pieces.

Alibaba

China’s biggest online e-commerce company and world’s largest B2B website listing suppliers in China. 

Banggood

Banggood has more than 20 categories for Chinese goods with 200,000 products listed and offers free shipping on some orders with warehouses in the UK, France, the US and Australia. It accepts all major payments including Paypal.

However, if you have experience in importing goods from China to the UK and you want to

Read more...

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Young Living Essential Oils Opens China

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Young Living Essential Oils, the world leader in essential oils, celebrated its official expansion of making its products available in China with a ribbon-cutting ceremony at the new Young Living Guangzhou Experience Centre in Guangzhou, China, on Friday, October 19.
“Making our products available in China is a major step toward fulfilling Gary Young’s mission to bring Young Living Essential Oils to every home in the world,”
said Mary Young, Co-Founder and Chief Executive Officer, Young Living Essential Oils.
“It’s fitting that we’re beginning Young Living’s journey in China with the people of Guangzhou. Botanicals in our essential oils such as Cardamom, Cinnamon Bark, Ginger, and Sandalwood were an important part of the ancient spice and Silk Road trade here and have been used by the local community for thousands of years.”
The China headquarters (also known as Youlefang, 悠乐芳) will be based in Guangzhou in Southeast China. Customers in China will have access to a dedicated Young Living China support team, a division of Nanjing Joymain Development Co., one of the largest direct selling companies in China.
Young Living products offered in China will maintain the strong brand standards, identity, and vibrant culture seen around the world.
“We’re excited to open new paths toward

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Lin Shuyuan Achieves Crown Chairperson Level 2 Rank With ARIIX

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ARIIX, an international opportunity company that promotes healthy, toxin-free living, is proud to announce the addition of Lin Shuyuan to the ARIIX Founders Club, an industry-first approach, which grants rights and benefits to members similar to the owners of the company.
“Lin is a professional in every sense of the word,”
says Fred Cooper, ARIIX CEO and Founder.
“She has built her business with strength in leadership, honesty and integrity, passion and innovation. She is empowering others to create the life of their dreams, and we are honored to partner with her in the business of changing lives.”
Lin, who recently reached the highest rank within ARIIX — Crown Chairperson Level 2 — is setting records and empowering people all over China to achieve better health, wealth and self-confidence. We look forward to seeing where her hard work and determination takes her next!
The Founders Club is the pinnacle of success at ARIIX and the highest honor achievable.
The rights and benefits bestowed to Founders Club Members include an official vote in compensation plan changes, the ability to overturn contract terminations, the position of final judge and jury for Representative compliance matters, and participation in the distribution of profits for their market, alongside the owners.
Every

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