NANPING, China, June 18, 2021 /PRNewswire/ -- Happiness Biotech
Group Limited (the "Company" or Nasdaq: HAPP), an innovative
China-based nutraceutical and
dietary supplements producer and e-commerce services provider,
announced today that the Company launched the beta version of
official site of Happy Buy International https://www.happybuy.vip,
mainly promoting its cross-border e-commerce SaaS services.
The SaaS system of Happy Buy opens ports for suppliers,
marketing promoters and consumers respectively to meet the needs of
each party at the same time. For suppliers, they can upload their
own products on our platform and set up their own commission
schedule for distribution to open up fission sales channels. And
the marketing promoters obtain the sales reward by attracting
consumers to the products links from our platform and complete the
sales through various forms of marketing campaign on the Internet.
Under the collaborative operation of the above two means, the
products will be displayed in various forms of interaction in front
of their interested consumers, and meet the practical needs of
consumers in the most vertical and efficient way.
"Since the global economy has been seriously affected by
COVID-19,we decided to launch the official site of Happy Buy
International and introduce our cross-border e-commerce SaaS
services to the world. Happy Buy is expected to provide many
employment opportunities for people to start their own businesses
at home. They can promote and sell products at home through live
streaming, self-made video and graphic, content sharing, etc. Happy
Buy also expects to expand channels for the suppliers to sell their
products in the current market that has been affected by the
COVID-19 pandemic.
The Company will mainly use TikTok to promote Happy Buy
International. In China, the
development of e-commerce has entered the era of "Interest
E-commerce" led by Douyin (TikTok in China). The consumption mode of e-commerce has
evolved from traditional passive search to using content to
actively excavate consumption demand. With the experience on
Douyin, we have strong confidence in the development of Happy Buy
International on TikTok," said Mr. Xuezhu
Wang, CEO of the Company.
About Happiness Biotech Group Limited
Headquartered in Nanping, China, Happiness Biotech Group Limited has two
business segments: nutraceutical and dietary supplements and
e-commerce. The nutrition and dietary supplements business is
focusing on the research, development, manufacture and marketing of
various products made from Chinese herbal extracts and other
ingredients. Over the past 17 years, we have established a product
portfolio consisting of 32 PRC National Medical Products
Administration registered "Blue-Cap" SKUs of nutraceutical and
dietary supplements products. Our e-commerce business focuses on
providing e-commerce solutions and services for small and
medium-sized enterprises. Our mission for the e-commerce segment is
to constantly enable small and medium-sized enterprises to fully
leverage the power of e-commerce to grow rapidly. For more
information, please visit: www.happ.org.cn
Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the
Company's future business development; product and service demand
and acceptance; changes in technology; economic conditions;
reputation and brand; the impact of competition and pricing;
government regulations; fluctuations in general economic and
business conditions in China, the
COVID-19 outbreak and its impact on our operations and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the Securities and
Exchange Commission. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the U.S.
Securities and Exchange Commission, which are available for review
at www.sec.gov. The Company undertakes no obligation to publicly
revise these forward-looking statements to reflect events or
circumstances that arise after the date hereof.
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SOURCE Happiness Biotech Group Limited
