Tag Archive for China

Large M&A teams and venture capital funds are taking hold at China’s tech companies, and they’re shopping for companies over here.

Chinese Mall Introduces Husband Storage Pods

by Matthew Humphries • July 17, 2017 • 0 Comments

Why drag someone around a mall when you can leave them happily playing games while you buy stuff?

6 Tips for Doing Business in China

by Firas Kittaneh • July 13, 2017 • 0 Comments

China is a country whose values and systems are still largely misunderstood by most casual Western observers. Are you game?

China Just Built a 250-Acre Solar Farm Shaped Like a Giant Panda

by Leanna Garfield • July 7, 2017 • 0 Comments

A new solar power plant in Datong, China, decided to have a little fun with its design.

Mannatech Finds Most Other Aloe Vera Products Are Missing Clinical Trials

by Ted Nuyten • June 12, 2017 • 0 Comments

Mannatech®, Incorporated (NASDAQ: MTEX), which provides top-quality nutritional supplements for families in China through its website www.MeiTaiChina.com, provides one of the rarest derivatives of the legendary aloe vera plant that serves as the basis for many of its innovative health and wellness products.
For more than 20 years, Mannatech has included a pure, exclusively refined ingredient derived from the gel of the aloe vera plant called “Manapol® powder.”
Manapol powder is an essential ingredient in core Mannatech Glyconutritional products. Mannatech’s Advanced Ambrotose® powder and Ambrotose Complex powder are among the company’s top-selling products containing this aloe vera gel extract, and are known for their cognitive, immune and gastrointestinal benefits as well as cellular communication support.
There are many companies that sell products based on aloe vera gel. Some make boastful claims about what their products can do, but what most of these companies are missing are the clinical trials that scientifically validate their products.
This is just one of a number of advantages that Mannatech provides its customers compared to almost all of its competitors, which helps to ensure that the wellness promises made are real and substantiated.
Since its founding, Mannatech has invested more than $50 million in research and development that includes a

Hot Business News Today

Nature’s Sunshine Products Receives Direct Selling License In China

by Ted Nuyten • May 22, 2017 • 0 Comments

Nature’s Sunshine Products (NASDAQ: NATR), “the Company”, a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today announced that it has received its direct selling license from MOFCOM, China’s Ministry of Commerce.
The license allows Nature’s Sunshine to begin to expand its business scope, including direct selling activities within China. Headquartered in Shanghai, a leading economic center with an urban population of more than 24 million residents, Nature’s Sunshine China began to apply for the direct selling license with MOFCOM following the formation of a joint venture with Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (Fosun Pharma), a leading, local healthcare company, in 2014.
The joint venture was the first of its kind between a U.S. company and a Chinese company for direct selling products in China, representing a significant competitive differentiator in the marketplace.
“We are greatly honored to receive our license from the People’s Republic of China,”
commented Gregory L. Probert, Chairman and Chief Executive Officer.
“This marks an important step toward realizing the vision and potential we saw when we joined forces with Fosun Pharma almost three years ago. By bringing Nature’s Sunshine to the people of China, we are opening

Hot Business News Today

Struggling In China, Amway Bets On Technology For Turnaround

by Ted Nuyten • March 24, 2017 • 0 Comments

According to an intreview with Reuters:
Amway is looking to rebuild its business in China with the help of improvements such as an online ordering platform for its agents and experience centers, as sales in the country have fallen over the past three years.
Two decades after entering China, the country remains the biggest global market for the Michigan-based firm, representing about 30 percent of its $8.8 billion in total sales last year.
But China revenue has contracted from nearly $4 billion in 2013, to reach 17.7 billion yuan ($2.57 billion) in 2016.
“We’re struggling a bit here now,” Doug DeVos, Amway’s president, told Reuters in an interview late Tuesday in Beijing.
DeVos said the China business was suffering from “a direct selling cycle” and faced growing competition, with more than 90 direct selling companies now

Hot Business News Today

USANA Opens $40 Million Manufacturing Site In China

by Nicole Dunkley • March 24, 2017 • 0 Comments

USANA Health Sciences on Tuesday celebrated the grand opening of its 350,000-square-foot manufacturing facility in Beijing.
The $40 million complex will produce nutrition supplements for Mainland China, one of the company’s top markets. Since 2014, when construction began at the site, USANA’s sales in Greater China have increased more than 40 percent.
“There were many back orders and we wanted to increase the supply to satisfy the demands in China,” Brent Neidig, USANA Vice President of China Strategic Development, said in a company announcement.
During the past two years, USANA has navigated China’s complex regulatory process to secure 12 separate building licenses. The plant initially came online last fall, operating at limited capacity. Now fully up and running, the Beijing site can produce 1.2 billion tablets each year, as much as USANA’s Home Office