- The stock price of Jowell Global Ltd (NASDAQ: JWEL) increased by over 13% pre-market. This is why it happened.
The stock price of Jowell Global Ltd (NASDAQ: JWEL) – a company that operates one of China’s leading cosmetics, health, and nutritional supplements and household products e-commerce platforms Juhao Mall – increased by over 13% pre-market. Investors appear to be responding positively to Jowell Global announcing it has officially launched its “Juhao Best Choice” community group-buying store initiative to continue growing its offline retail market presence.
The community group-buying offline stores are going to sell fresh produce, foods, and daily household consumer products in addition to the cosmetics and health and nutritional supplements currently sold in the company’s franchised Love Home Stores (LHH Stores). And the community group-buying stores aim to provide a more convenient shopping experience and high-quality produce and foods for consumers from local communities, towns, and villages across China.
Juhao Best Choice stores are going to consolidate online and offline resources for store design and logistics services and provide guidance and training for store owners with a unified system for store management, design, service criteria, SKU management, and product delivery. And the company will also provide the store owners with live-streaming marketing skill training and upgrade and expand certain existing LHH Stores to Juhao Best Choice stores.
“As consumer behavior continues to evolve in this new economy era, we will keep upgrading our management strategies and launch new business initiatives that match consumer demands and target wider offline consumer populations to grow our presence in the huge retail market in China.”
“Community group-buying e-commerce has been growing rapidly in China since the end of 2020, and Juhao Best Choice store is to catch up this new market demand with our Juhao Mall’s brand recognition among online consumers to consolidate online and offline resources and help our brand name quickly going from online to offline. Juhao Best Choice will stick to its slogan of high-quality, low price and wider coverage to bring best-quality products to consumers and create a more satisfactory shopping experience for consumers who would feel their purchases with us receive good value for the money.”
— Zhiwei Xu, CEO and Chairman of Jowell Global Ltd.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.