As of December 31, 2022, we had approximately 6.2 million Members, including 2.9 million preferred members and 2.0 million distributors in the markets where we have established these two categories and 0.3 million sales representatives and independent service providers in China. Business in China Our business model in China includes unique features as compared to … Read more
Net sales in 2022 was $421.9 million compared to $444.1 million in 2021. Excluding unfavorable foreign exchange rates, net sales in 2022 were up marginally compared to the prior year. Gross margin in 2022 was 71.0% compared to 74.0% in 2021. The decrease in gross margin for the year was primarily a result of foreign … Read more
Chinese courts at all levels concluded 32,000 first-instance cases related to online shopping contract disputes in 2022, a significant increase from the 12,000 in 2018, according to the Supreme People’s Court on Wednesday. Over the past five years, courts across China concluded 99,000 cases of first instance arising from disputes over online shopping contracts, and … Read more
The National Business Daily conducted a special 3-15 planning campaign, and released the 2023 China Consumption Innovation Pioneer List. The Bb-12 LGG probiotic on the list is a high-quality probiotic product made by Dipro to combine complementary advantages of Bb-12 and LGG strains, achieving whole intestinal protection. In addition, Dipro Bb-12 LGG probiotic adopts sunflower … Read more
On March 17, Innova Market Insights released the top 10 food and beverage trends in China in 2023, hoping to provide new ideas for new product development and brand strategy in 2023. 1. Redefining Value: nowadays, Chinese consumers have their own considerations when making purchases, and they will pay more attention to scientific formulas, cost-efficiency, … Read more
BEIJING, March 11 (Xinhua) — An astonishing scene happens every day in the eastern Chinese city of Wuxi, where people are immersed in sports while vehicles whizz over their heads. It takes place in Wuxi’s largest sports park, built under an overpass, which covers an area of 6.4 hectares and is equipped with fitness facilities … Read more
Background According to the requirements in the Food Safety Law of China, the new food raw materials and additives used for food production should pass the safety assessment of the National Health Commission (NHC). In recent years, with the support of favorable policies, enterprises have made many innovations, which promote the emergence of various new … Read more
More than three years after China’s central bank started digital currency trials, adoption in one of the initial test beds, Suzhou, remains lethargic Suzhou data show that 130 million yuan in e-CNY were used to settle various utility bills and charges for livelihood services in 2022 When the People’s Bank of China (PBOC) launched pilot trials for … Read more
On January 16th, 2023, the Information Office of the State Council of China held a press conference where CNIPA officials introduced the work related to intellectual property conducted in 2022 and answered questions from reporters. The following are four key points discussed at the press conference: 1) Main data on patents and trademarks: 798,000 … Read more
