In the last couple of months more than 200,000+ new representatives joined OneCoin which brings the total base at 1.8 million distributors.
Recently OneCoin has held their China event in Macau.
The event, which took place at the Macau Fisherman’s Wharf Convention and Exhibition Center, was seen as one of the most important financial conferences in the region, explaining how OneCoin intends to become the cryptocurrency in the world and what makes the OneCoin products unique on the financial market.
OneCoin CEO and Founder Ruja Ignatova made important announcements about the company, including the new One Net Upi bank cards, issued in association with UnionPay.
UnionPay cards can be used in 141 countries and regions around the world, making it the third-largest payment network by value of transactions processed, behind Visa and MasterCard.
The company gives the possibility
Tag Archive for China
Hot Business News Today
USANA Receives Approval for 8 Additional Licenses in China
by Ted Nuyten • • 0 Comments
USANA Health Sciences Inc. (NYSE: USNA), a global nutritional company, announced today that its China subsidiary, BabyCare Ltd., received approval from the Ministry of Commerce People’s Republic of China (MOFCOM) to expand direct selling activities in eight additional provinces/municipalities within China.
The provinces/municipalities are Liaoning Province, Shandong Province, Shanxi Province, Sichuan Province, Guangdong Province, Dalian City, Qingdao City, and Shenzhen City.
These additional licenses add to BabyCare’s existing direct selling licenses in the municipalities/provinces of Beijing, Jiangsu, Shanxi and Tianjin.
“We are pleased to have received these additional licenses in China, where we continue to expand the reach of our world-class products,”
said Co-CEO Dave Wentz.
“We remain committed to working with the Chinese government as we continue growing our business in this promising market.”
For more information about USANA’s products and company, visit USANA.com.
About USANA
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Tiens CEO Li Jinyuan Gives 2,500 Employees Surprise Trip to Spain
by Ted Nuyten • • 0 Comments
Two and half thousand Chinese workers have been enjoying the sights of Madrid after their boss stumped up $7 Million to take them on a Spanish holiday.
Li Jinyuan, the billionaire owner of direct-sales firm Tiens Group, chartered 20 planes and booked 1,650 hotel rooms for the party. After their Madrid visit, the workers will board four specially reserved high-speed trains to Barcelona.
The Chinese tourists visit the bullring in Morazarzal for a ‘bloodless’ bullfight.
On Friday morning, the Moralzarzal bullring was a sea of blue caps and selfie sticks as the group attended a “bloodless” bullfight preceded by a flamenco dancing display. The workers then enjoyed a lunch of paella and sangría.
“We chose Spain because the people are warm, friendly and passionate,” said Li Zongmin, the magnate’s son and a Tiens vice-president. “Furthermore, the
Hot Business News Today
China Adjusts Scope of Direct Selling Products
by Nicole Dunkley • • 0 Comments
With est. $35 Billion in annual revenue, China is one of the largest direct selling markets in the world and may pass the USA shortly.
The Ministry of Commerce released on its website on 25 March the Announcement on the Scope of Direct Selling Products.
It states that pursuant to Article 2 of the Regulations on the Administration of Direct Selling, the Ministry of Commerce and the State Administration for Industry and Commerce (SAIC) have adjusted the scope of direct selling products.
Direct selling products must comply with administrative licensing, mandatory certification and mandatory standards in accordance with laws and regulations.
The adjusted scope of the direct selling products is hereby announced:
* Cosmetics
* Cleaning supplies (personal hygiene products/household cleaning supplies)
* Health food
* Health care equipment
* Small cookware
* Home appliances
The Ministry of Commerce and SAIC will make
Hot Business News Today
The Pros and Cons of Manufacturing in China
by Greg Shugar • • 0 Comments
With economic turmoil overseas and controversy in the election rhetoric, China is in the cross hairs. But it is still a good place to do business, under the right circumstances.
Hot Business News Today
Chinese Remains Rich in Opportunities for Entrepreneurs Who Keep Calm
by Ryan McMunn • • 0 Comments
The scary headlines about the Chinese stock market obscure the larger facts about the giant nation’s continuing growth.
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Avon Will Not Exit Chinese Market
by Ted Nuyten • • 0 Comments
Avon Products Inc, the world’s largest direct seller of cosmetics, on Wednesday dismissed rumors that it is exiting China after a prolonged slump in sales. According to industry sources, the company has been facing a torrid time in China due to weakness in direct sales and product innovation.
“Avon is making good progress (in China) and we are confident that we have the right strategy to make the business profitable,” said a statement from the company.
“China has been an important market for us in the past 25 years and we will continue to leverage on our strong network of beauty boutiques and wide range of products for sustained growth,” it said.
Recent media reports had suggested that the company was contemplating a retreat from China after several of its top officials resigned and revenue
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The Chinese Warren Buffett Is the Latest Financier to Go Missing
by Scott Cendrowski • • 0 Comments
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Shoppers Prepare for Record Singles Day, China's Biggest 1-Day Shopping Event
by Nyshka Chandran • • 0 Comments
Alibaba was the first company to capitalize on the holiday in 2009, and it’s now the biggest 24-hour shopping event.
Hot Business News Today
Amway Opens $13 Million Botanical Research Center In Wuxi, China
by Nicole Dunkley • • 0 Comments
Amway announced the opening of its $13 million Amway Botanical Research Center (ABRC) in Wuxi, China today. The company will study plants associated with Traditional Chinese Medicine (TCM) at the site for potential future use in its health and beauty products.
Built on 34-hectares (84-acres) of farmland, the ABRC includes an advanced laboratory, large greenhouse and will be used for research on soil nutrients, plant physiology, extract quality standards and processes.
“Our Nutrilite™ brand of vitamins and dietary supplements were first formulated after the brand’s founder,Carl Rehnborg, observed how the use of plants and botanicals in China promoted optimal health and natural balance,” said George Calvert, Amway’s chief officer of global R&D and supply chain. “The new ABRC is our effort to research and understand Chinese botanicals to a greater extent– using the most advanced technology and scientific practices – and integrate