Jowell Global to Establish U.S. Warehouse with Suzhou Dreamworker Info-Tech to Elevate Competitiveness in Cross-Border E-Commerce
December 20 2021 - 8:00AM
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 that the Company established a
cross-border e-commerce strategic collaboration with Suzhou
Dreamworker Info-Tech Co., Ltd. (“Suzhou Dreamworker”). Parties
will work together to set up a joint venture to provide warehouse
and supply chain service in the U.S. by utilizing the oversea
warehousing development experience of Suzhou Dreamworker and
existing e-commerce platform of Jowell Global to form a more
competitive global e-commerce presence.
Chinese international trade has been rapidly developing in new
forms and models in recent years. Cross-border e-commerce becomes a
new accelerator in China’s international trade, transforming the
international trade that has been impacted by the COVID-19
pandemic. Overseas warehousing offers many benefits, especially for
e-commerce platforms, including lowered logistical costs and
reliable delivery time and improved after-sale customer service and
more. This collaboration creates considerable competitive
advantages that will help attract more international customers and
additional business opportunities for the Company.
Mr. Zhiwei Xu, Chief Executive Officer and Chairman of Jowell
Global Ltd, commented: “Overseas warehousing is one of the
foundational infrastructures for cross-border e-commerce. Suzhou
Dreamworker, a leader in the cross-border industry chain for
Chinese brands, has rich experience in building and developing
overseas warehouses. In the future, both parties will jointly build
U.S. warehousing and related services that would include storage,
transshipment, fulfillment, showcasing, and after sales services.
These efforts will facilitate the Company’s cross-border e-commerce
development and further expand our business into supply chain
area.”
Mr. Tianran Zhang, Vice President and Partner of Suzhou
Dreamworker, commented: “Jowell Global, as a NASDAQ listed
e-commerce company, is equipped with the resources to develop
all-channel cross-border e-commerce. Establishing overseas
warehouse and related supply chain services in the U.S. will
significantly expediate deliveries and bring drastic improvements
to shopping experiences and user stickiness for Chinese e-commerce
platforms and small online retailers to expand their business
internationally, which is why this partnership will create a new
aspect for growth in the expansion of international trade for both
Jowell Global and Suzhou Dreamworker.”
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 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 U.S., 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
The Blueshirt GroupMs. Susie WangEmail:
susie@blueshirtgroup.com
In the United States:The Blueshirt GroupMs. Julia QianEmail:
julia@blueshirtgroup.com
Jowell Global (NASDAQ:JWEL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Jowell Global (NASDAQ:JWEL)
Historical Stock Chart
From Sep 2023 to Sep 2024