Jowell Global Announces Strategic Partnership with China Ants Alliance
January 10 2022 - 8:26AM
Jowell Global Ltd. (“Jowell Global” or the “Company”) (NASDAQ:
JWEL), one of the leading cosmetics, health and nutritional
supplements, and household products e-commerce platforms in China,
today announced it has established strategic partnership with China
Ants Alliance in relation to self-owned brand products, to bring
high quality, affordable and trustworthy retail brands to millions
of families.
Mr. Zhiwei Xu, chief executive officer and chairman of Jowell
Global, commented: “The retail industry in China is evolving
rapidly as new business model, technology and applications emerge.
To stand out among the vast product varieties, make meaningful
impact and commercialize in the new ecosystem has become an
unprecedented challenge to the retailers.” Mr. Xu continued, “China
Ants Alliance is dedicated to serve mid-and-small sized retailers
to strengthen their competitiveness by collaborating self-owned
brands, joint procurement, big data, and business school programs.
By far, its network covers 95 members across 28 provinces and
municipalities in China, reaching total RMB90 billion annual sales
by its members. Going forward, Jowell Global and China Ants
Alliance will leverage each other’s distribution channels to
enhance targeted sales and marketing. We will further integrate our
online, offline, big data, logistics, services platform, to bring
high quality international and domestic products to millions of
families through self-owned, celebrities, and international
brands.”
Mr. Jinhong Wu, chairman of China Ants Alliance, said: “Jowell
Global is one of the largest new retail e-commerce platforms in
China in health and beauty vertical business with over two million
registered users. Its premium quality products set it apart from
other platforms with its own brand products manufactured by top
tier OEM factories. The strategic partnership enables us to
solidify the position of self-owned brands in the consumer
ecosystem, to offer higher quality products in cosmetics, health
and nutritional supplements.”
About Jowell Global Ltd.
Jowell Global Ltd. (the “Company”) is one of the leading
cosmetics, health and nutritional supplements and household
products e-commerce platforms in China. We offer our own brand
products to customers and also sell and distribute health and
nutritional supplements, cosmetic products and certain household
products from other companies on our platform. In addition, we
allow third parties to open their own stores on our platform for a
service fee based upon sale revenues generated from their online
stores and we provide them with our unique and valuable information
about market needs, enabling them to better manage their sales
effort, as well as an effective platform to promote their brands.
The Company also sells its products through authorized retail
stores all across China, which operate under the brand names of
“Love Home Store” or “LHH Store” and “Juhao Best Choice Store”. For
more information, please visit http://ir.1juhao.com/ .
Safe Harbor Statement
This press release contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as “may,” “will,” “expect,”
“anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,”
“believe,” “potential,” “continue,” “is/are likely to” or other
similar expressions. The Company may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. 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; financial condition and results of
operations; product and service demand and acceptance; reputation
and brand; the impact of competition and pricing; changes in
technology; government regulations; fluctuations in general
economic and business conditions in China and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC. 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
SEC, 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.
For investor and media inquiries, please contact:
In China:
Jowell Global Ltd.Ms. Jessie ZhaoEmail: IR@1juhao.com
In the United States:
The Blueshirt GroupMs. Julia QianEmail:
julia@blueshirtgroup.com
Ms. Melody LiuEmail: melody@blueshirtgroup.com
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